As a large portion of the United States population is reaching or has reached retirement age, reports indicate that they are more wary of the world in which we live. Surveys show that while a majority of people believe the world is getting riskier, older adults are increasingly concerned about risks and dangers. Some of the leading fears involve the following:
- War, terrorism, or social unrest;
- Personal injury, especially in car accidents due to texting and driving or other distractions
- Financial instability due to unexpected events
Relative to the fears of individuals, business owners were less concerned about various risks to their businesses. However, the risks that topped the list include:
- Inflated costs of healthcare
- Costs of employee benefits
- Severe weather that may cause damage to business locations
How Insurance can Protect You
An insurance policy can never stop a distracted driver from crashing into your car or stop a tornado from taking down your building. However, having adequate insurance coverage can certainly reduce the losses you experience as a result of risky situations.
Auto insurance – While having basic liability coverage is required in Connecticut, it is always a good idea to explore your options beyond the minimal coverage. Many people do not carry the required coverage, so it is important to carry uninsured or underinsured motorist coverage. This additional coverage can help ensure that you do not have to pay out of pocket for repairs or injuries.
Health insurance – Everyone is required to have health insurance under the law, however, you want to have the coverage that is the best value while providing the coverage you need. With proper insurance, your concerns can be reduced if you do sustain personal injuries. In addition, business owners can save money on healthcare costs for employees by carefully reviewing their group plan options.
Property insurance – Whether you own a home or a business, having an adequate insurance policy is essential for your finances and peace of mind. If a fire, tornado, hurricane, or other severe event does occur, you will at least know that you are covered and will not lose everything.
Call 203-367-7704 today for a quote.
Having proper insurance coverage can ease your fears about the risks of the world around you and can save your finances if an unexpected event does occur. If you would like to discuss your insurance needs or receive a free quote, please call our agents at Berliner-Gelfand Insurance as soon as possible.