The 5 Types of Insurance You Need In Your Life

Life throws us curve balls to remind us to expect the unexpected. It’s safer and smarter to have a backup plan should a disaster/ emergency happen, and this underlines the importance of having insurance which can protect us at these times, at least financially. With so many options available, one can easily get overwhelmed when it comes to choosing the best plan for you and your company.

Here are five most important types of insurance every person should have.

Life Insurance

This type of insurance gets a lot of people uncomfortable, but it is easily one of the most
important policies you will ever need. Make this a priority, especially if you have a family
that is dependent on you. Should anything happen to you, it’s best to safeguard your
loved ones and ensure that they’re able to get by financially. In the dark moments of
grief, this should be the last thing your loved ones should worry about.

Medical Insurance

With our worsening economy, coupled with the rising costs of healthcare, getting sick
can become a nightmare. If you don’t have health insurance, you may be putting
yourself at risk, unable to pay for hospital costs and services which can easily

Even if you’re in tip-top shape, it’s best to be insured to cover the necessary medical
costs, from doctor’s appointments to surgeries. If your employer offers insurance
programs such as HMOs, take advantage of it. If not, work around your budget and
determine what you can afford. Plans with higher copays and deductibles have lower
premiums, while plans with high premiums tend to have lower copays and deductibles.

Car Insurance 

With the challenged state of our country’s public transportation system now, more and
more people are finding themselves investing in their own car. It’s convenient, but one
has to be ready with budgets for car maintenance and accidents. Treat your car just as
you would your own house: as a valuable asset, which is why you need an auto
insurance policy that will cover the costs of property damage and liabilities.

Travel Insurance

Finally, you’re ready to take the trip of your lifetime. The least of your worries should be
an unexpected circumstance that ruins the whole deal. Having travel insurance can
save you from losing more money, than what you’ve already paid for. Most travel
policies cover flight cancellation, lost baggage, medical emergencies such as accidental
death coverage, and vehicle accidents.

Fire Insurance

This type of insurance mostly appeals to entrepreneurs, but homeowners could also easily benefit from this. Fire insurance seeks to protect assets lost during a fire incident. More than that, it covers the cost it would take to assist in the medical expenses of those who sustained injuries from the accident, as well as compensation for loss of life.

When it comes to choosing insurance, the key is to not to insure everything (but you can). It’s to recognize which policies are important and necessary for your business and which fit your budget. Insurance is a small price to pay for a future of confidence and security.


Get protected and know the type of insurance your business needs. Responsive Brokers, with its 19 years of service, catering to various companies in key industries nationwide, can help you find the best insurance solutions for you and your company.

Get in touch with us now!