General Insurance Plans That Young Professionals Should Consider

Life is full of uncertainties. Whether you have just started in your career or a well established professional, the importance of insurance is the same. While the importance of life insurance plans cannot be stressed enough, you should not ignore general insurance plans that insure everything other than your life.

The concept of insurance is no longer limited to life and expanded to all other areas too. You own a car, there is car insurance. You own a home, you can avail home insurance and the list goes on. Almost all aspects of your life can now be insured using general insurance plans.

Here are a few general insurance plans that you should definitely consider –

If you own a vehicle – Motor insurance cover is for you!

The Motor Vehicles Act of 1988 makes it mandatory to purchase motor insurance whether for your car or bike. These plans can be enhanced to offer a comprehensive cover that protects your vehicle against natural perils and man-made damages. Moreover, repairs to your vehicle can burn a hole in your pocket so it is advisable to opt for a comprehensive policy. This way you can not only insure your vehicle but also protect it from unexpected damages and accidents. So if you own a vehicle, then you must compare and choose a motor insurance cover for yourself to cover the costs and safeguard your vehicle.

Young professionals should consider health insurance

The adage health is wealth is undoubtedly true. Emergencies can happen anytime. So to avoid getting yourself in a financial turmoil, it is best to purchase a health insurance cover. With the increasing instances of lifestyle diseases, it has become critical to avail a health insurance plan. And it is best to start at a young age! Health insurance plans are of various types that help to protect against critical illness, old age, and secure your entire family’s health at once. When buying a health insurance plan, make a note of your present-day medical requirements along with future needs.

Homeowners to invest in a home insurance cover

Your home is one of the single largest investments. That being said, why ignore insuring your house against perils of nature? Not only natural calamities, but also man-made events are also included in the scope of a home insurance plan. Along with homes, your home appliances can also be protected using extended warranty benefits. These insurance plans offer additional cover over and above the manufacturer’s warranty.

Travel often? Get a travel insurance cover

Often professional work will take you places. At these times, using a travel insurance plan can help in avoiding the hassles of missed flights, lost baggage and passport and more. A travel policy not only eases the hassles of your travel but also lets you remain focused on your work and not worry about ancillary things.

These are some of the general insurance plans to look for. Make a careful analysis of your requirements and select the ones that offer comprehensive coverage. Lastly, do not forget to compare the available options before making a purchase. Be wise and get insured!

 

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