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Written by 1:21 pm Insurance

5 Insurance Policies Everyone Should have

Travel Insurance Policy:

if you plan to travel this year:

Travel Insurance policies cover trip cancellations, medical expenses, missing departures or connections, as well as loss or theft of personal belongings. It is fast, affordable and easy to get. Remember this cover starts from the moment you buy your travel insurance, so it’s important to buy it once your trip is booked, even if it’s not for a while, don’t get caught out by waiting till the last minute!

Family Protection Insurance Policy

To protect your family:

Family Protection Insurance provides long term financial security for your family, should you die during the term of the policy. To help ensure that your family’s immediate expenses, long term requirements and outgoings are met, you could set up a Family Protection policy. This is also known as a Term Assurance policy. In short, it provides financial support for your family when they need it most.

Income Protection Policy

In case you have an accident:

Income Protection will protect you and your family in case you have an accident and you get injured. This insurance policy can cover permanent, temporary, partial, or total disability. If your income is not secure in case you were unable to work due to accident or illness or if your family could not survive on the State Disability Benefit, you should definitely consider this policy.

Homeowner’s or Renter’s Insurance Policy

If you’re a homeowner or a renter:

Our house is usually our most valuable asset. Your home insurance will protect your home from damage or theft, which makes home insurance one the most necessary insurance policies. If you are renting a big house or apartment with lots of valuable items in it, maybe you should consider renter’s insurance.

Car Insurance Policy

If you drive:

Motor third-party liability insurance is the minimum level of compulsory insurance in Ireland and throughout the European Union for all vehicles.

  • Third Party is the most basic level of cover, providing cover for damage to other people and their property. It does not cover damage to your own property.
  • Third Party Fire & Theft is the same as Third Party but with limited cover for your own property, allowing you to claim in the event of fire or theft.
  • Comprehensive provides cover for all of the above plus damage to your own property in the event of an accident. It is the top level of car insurance cover.
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