Have Adequate Insurance Coverage

Insurance should cover those things that would cause you financial hardship if they were destroyed. It is a necessary and valuable financial service. After you take care of your basic needs of food, clothing, shelter and transportation, next consider your insurance needs. Insurance protection should come before investing or putting money in a retirement account.

Insurance coverage you may need:
i. Health
ii. Disability
iii. Life
iv. Homeowners or renters
v . Automobile
vi. Liability