Personal Insurance in Massachusetts
Throughout life, people face many unexpected events. Some are good, some are bad and many are difficult to prepare for. Personal insurance coverage gives Massachusetts residents a way to prepare for the bad events in life that cause injury, damage, and financial loss.
What is Personal Insurance?
“Personal insurance” is normally used to distinguish personal policies written for individuals from commercial ones that are written for businesses. In most cases, personal coverage only provides protection for people (as opposed to businesses).
What Kinds of Personal Coverages Are Available?
There are many different types of personal coverages that people can use to protect themselves. A few common coverages that many residents purchase are:
- Homeowners, Condo, or Renters Insurance
- Auto Insurance
- Health and Disability Insurance
- Life Insurance
Other forms of personal coverages that are available include everything from boat or RV insurance to long-term care insurance. Even travel insurance and wedding insurance are options for those who need them.
What Massachusetts Residents Need Personal Coverages?
Most Massachusetts residents need at least some personal coverages. After all, life happens — and it happens regardless of people’s circumstances. Homeowners need coverage for their houses, but renters still need protection for their personal belongings. Similarly, almost everyone can benefit from health and disability insurance, as illnesses and injuries don’t discriminate.
How Much Does Personal Coverage Cost?
The cost of personal coverage can vary widely. A particular policy’s premiums depend on what protections it provides and many other factors, some of which can be controlled and others that can’t be. In most cases, though, personal policies are affordable. The protections they offer are usually worth the premiums they cost.
Residents can ensure they get affordable quotes on personal policies by comparing rates for policies with an independent insurance agent. An independent agent isn’t obligated to promote any one insurance company, so they can show clients quotes from many insurers in the state.