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Sunday, January 25, 2009

Insurance, Insurance, Insurance

From the Hoss's Mouth

Why do I need to spend so much money on insurance? The current economic situation has caused this question to rise in the minds of many readers of Hoss Cents Free Financial Money Magazine. With this in mind, The Hoss has decided to dedicated several issues of Hoss Cents Free Financial Money Magazine to the insurance industry.

What is insurance?

Insurance is a means to provide you and your family protection for financial loss caused by such things as fire, automobile accidents, theft, personal injury, and possibly even death. The policy holder pays a premium (regular defined amounts) in exchange for protection against a large unknown future loss.

What type of insurance do I need?

If you own property, have children, have a mortgage, or own a car you need insurance.
Similarly, if you cannot support yourself, if you are disabled, or cannot afford to pay compensation if you injure someone, you need insurance.

Most people should have the following types of insurance:

  • Life Insurance: To protect your family in the event of your death.
life insurance
  • Auto Insurance: Protects you from damage or theft of your car and/or from liability.
Auro Insurance
  • Health Insurance: To provide payment for medical expenses.
Health Insurance
  • Homeowner Insurance: Coverage which will permit you to rebuild and refurnish your home. Also protects you if someone is injured on your property.
Home Owners Insurance
  • Disability Income Insurance: To provide income if you become disabled and are unable to work for an extensive length of time.
Disability Insurance
Hoss Cents Free Financial Money Magazine will, in future posts, provide additional details concerning each of the basic insurance needs mentioned above. Details such as the difference between term and life insurance, information on auto insurance deductibles and homeowner insurance coverage.

Stay on track,

The Hoss

Next Hoss Cents Free Financial Money Magazine Post: Life Insurance
Previous Post: Madoff Remains Free On Bail


  1. Insurance is changing as we know it due to obama. Since then the rates have drastically changed. All leading companies have changed lots of policies. When was the last time you researched insurance rates? You'd be surprised what recently changed!!!


  2. thanks for sharing information about different insurance topics...
    really appretiated blog...

  3. rally helpful information...
    obama doing great...



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