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  • Dominick Ciccarelli

5 Insurances That Secure Your Livelihood


Knowing the different insurances will help you and your loved one's stay protected financially

Living a fun life is easy when your worry-free!

There are countless accidents that can occur throughout a person’s lifetime. Whether you’re in peak physical condition or diagnosed with a severe illness, you need to know the types of insurances that reflect your needs. An accident is all it takes for something like a broken arm that winds up costing thousands and takes years to pay off without insurance. A car accident can lead to a huge financial loss without being properly insured and possibly leaving you immobile. In 2017, according to the Insurance Information Institute (III) there were around 6.5 million total crashes in the United States, which has been increasing over the years. Even mother nature can wreak havoc on your home and can leave you in a bad situation without home insurance. While jobs offer insurance programs, sometimes it is best and cheaper to get it on your own by shopping around plus deciding the policy terms.


With all the costs of living it is hard to decide to pay more for something you don’t need right away. However, only making short-term decisions on insurances can lead to a huge financial burden if one of the endless possibilities occurs in your life. There are tons of ways to reduce these costs to be as little as possible while still getting the coverage you require. For example, I paid about $150 each month in car insurance costs that kept increasing when the policy renewed. I had enough and by shopping around I’ve been able to drop my cost to now $61 per month and save over $1,000 a year while staying protected. We will review each of the most important insurances that can help you deal with whatever situation you’re faced with and be financially protected.

1. Car Insurance

All states require you to have at least the minimum coverage auto insurance. However, you may want full coverage so that you will be financially protected in every situation. Full coverage auto insurance offers additional coverages of liability, collision, comprehensive, and underinsured on top of the minimum liability that’s required. Even if you have a bad driving record and are a high-risk driver you can still save tons of money by comparing car insurance quotes online. There are several factors that affect your rate such as the make/model of vehicle, credit score, driving record, location of home, age and gender. For example, in Florida on average having poor credit can run your car insurance to about $227 per month, while perfect credit lowers it to $128 per month. Look now to compare rates so that when it comes time to renew your policy you get it lowered instead of increased.

2. Health Insurance

Health insurance is important for regular medical checkups, regular shots, blood tests and various other services you may need from a doctor. The company you choose to sign with you will greatly help you with health-related costs in exchange for paying a monthly or yearly fee. For example, if your policy’s deductible is $1,500 then anything over that cost the company will generally pay for. In general the lower your deductible is the better, but the higher your monthly or yearly payment to the insurer will be. However, it does not cover terminal illness and traumatic illness, which would be covered with trauma insurance. If my career became potentially dangerous or I had young child, then I would get insured immediately.

3. Dental Insurance

Good dental care can improve your overall health and appearance. However, many folks especially in their mid-life to retirement neglect their dental care. At InfinityInsuranceNC, you can get the best dental plans to meet your specific needs. Dental plans can have no networks (you choose the dentist), a network (usually offers additional savings) or a Dental Discount plan (not insurance) that provides percentage discounts for various dental procedures usually at a very low cost. Having basic dental insurance like with a Dental Discount plan helps you pay a very low cost to be covered and reduces the costs for cleanings, fillings, and more.

4. Home Insurance

Getting homeowner’s insurance is another extremely important insurance to cover your assets within and of your home. There are lots of instances that can compromise your dwelling such as fires, theft, windstorms and flooding. This insurance is commonly bundled with car insurance and can usually reduce the cost. If you’re renting an apartment or home and do not own it, then your insurance cost per month for personal property will be extremely low. This will cover your personal items within your home depending on the amount you request to be insured for. If you also own the home or apartment, then this insurance will pay for the entire cost of your dwelling requested in addition to your personal property you’ve requested. It is important to know if you are in a flood zone, hurricane zone, and so forth to ensure you’re completely covered for your needs. For example I live on the coast and had to purchase “Windstorm or Hail” that increased my cost tremendously. Make sure to shop around and not accept the first quote you get but use it to compare with at least 3 – 5 companies.

5. Life Insurance

Life insurance is simply a contract between you (the insured) and the insurance provider (the insurer) to pay a designated beneficiary a sum of money upon the death of the insured person. This insurance serves many purposes such as mortgage protection, final expense coverage, maintaining a standard of living for your dependents, providing a legacy, and more. Depending on the contract terminal or critical illness can also trigger payments. This is a very important insurance to get early on as it builds over time and will financially help loved ones left behind upon death.

We hope you find this review helpful and can use it to know what insurances you need and save on costs for it.

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