Why You Should be Insured at All Times
Imagine traveling with your family on a winter vacation. When you least expect it, tragedy strikes. You’ve found yourself in a car accident out of state. How will you go about renting a new car or handling repairs? This is where insurance comes in. An auto insurance policy can help you handle those difficult matters where money for repairs or a vehicle replacement isn’t available.
Insurance in general serves to also help you settle costs when the unthinkable happens. If a flash flood strikes your area, flood insurance will cover any damages to your home. If a loved one suddenly dies in an accident, a life insurance policy can ensure that hospital or funerary bills are handled. Don’t make the mistake many Americans commit by not having insurance. In the following piece, we’ll detail its importance and why you should be covered.
It’s the Law
Texas law requires all drivers in the state to have insurance, or at least have liability coverage. Of course, there are all types of coverage for drivers, but if you own a vehicle, you need coverage. Liability insurance will pay for a vehicle replacement or repairs for another car in case of an accident. Liability will even pay for the other driver’s medical expenses up to a certain point if the accident was your fault. A lack of vehicle insurance can result in a hefty fine, not to mention the costs for the other driver.
In terms of having health insurance, when the Affordable Care Act went into effect, it became mandatory. A lack of insurance can result in a fine that may be deducted from your income taxes. The Employer Shared Responsibility Provision of the Affordable Care Act calls for small businesses with 50 or more full-time employees to provide insurance. Plus, with available tax credits, 80% of consumers saw monthly costs under $100 for coverage plans.
On August 25th, 2017, Hurricane Harvey made landfall in the greater Houston area causing over $125 billion in damages making it the second-most costly hurricane in U.S. history. Imagine if that storm were to hit the Rio Grande Valley. Losing a home due to harsh weather or other cause, such as a fire, can be heartbreaking and overwhelming. Home insurance can help you cover the costs of repairs or restructure. Get insured to avoid this overbearing hassle.
Everyone Gets Sick
When an illness strikes, a major worry many people have is how to pay for treatment and medication. This is completely understandable, and many Americans are covered for these situations. Then there are others who have no coverage, resulting in extremely costly medical bills.
Health insurance can help you get access to treatment by paying a majority of bills, depending on your coverage plan and income level. Plus, if your family has a history of medical problems like diabetes or heart disease, a doctor’s check-up is a wise idea.
Vice President of Shepard Walton King, Chris Graham, recently spoke about the importance of having insurance. “Having insurance is like having peace of mind for you and especially your family. If something happens, you’ve got that support right there, and that’s what Shepard Walton King is happy to provide”
Get Insured Today
Don’t go a day longer without insurance coverage. As we said earlier, the unexpected can always happen, and if it does, insurance can help you overcome it. Get in touch with our McAllen insurance brokers today to get started on the search for your insurance coverage.
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