Personal insuranceWhether you’re male or female, single or married, accidents and illnesses do not discriminate, so it’s equally as important to have adequate insurance in place to protect you from unforeseen events.

But the fact is that many women are underinsured, and yet there are nearly just as many women in the workforce as men. And there’s no doubt that if something were to happen, loved ones may suffer, not only emotionally but financially as well. Adequate personal insurance can help with household bills, the mortgage, or a paid nanny when a woman, who also works for a living, becomes ill, is injured, or dies.

Top 3 Personal Insurance Tips for Women

Women are renowned for self-sacrifice, giving all to their spouses and particularly their children, but personal insurance is one thing that shouldn’t be skimped on. Even as a homemaker living in Orange County, adequate life insurance and trauma insurance is important, as these will provide for the family financially should the worst happen. 

1. Get the right policy. Getting the right policy from a top-rated carrier will help when the time comes to file a claim. Independent insurance agents have access to many top-rated or A-rated insurance companies that are financially stable, which makes a difference when paying claims.

2. Review the policy regularly – there are a number of life events that could be cause to reassess coverage and options. Personal financial changes, such as an increase or decrease in overall assets, expenses, or income are one set of factors to consider. It may also be prudent to consider other personal factors like a change in overall health. Review personal insurance yearly to make sure it is up-to-date and still meets all needs. It is also a good idea to review a health insurance policy when planning to have children, and again for each additional child. This ensures that the proper level of insurance is being maintained at all times.

3. Shop around – Just like when shopping around for health, car or home and contents insurance, do the same when it comes to life, income protection and trauma insurance. With so many personal insurance companies on the market and even more personal insurance products, it pays to shop around for the best rate. Just make sure not to compromise on the quality of coverage being offered, as cheaper does not ways mean better.

Having the Proper Amount of Insurance Provides Peace of Mind

Consider utilizing an online insurance comparison service to compare the different premiums available to get the best price without compromising on the quality of coverage.

Without the proper amount of insurance, some women won’t be able to afford a medical specialist if they are unwell and may have to wait for treatment. Also, without adequate coverage or the right type of coverage, there may not be funds available to pay for long-term hospital or health care.