Resource:

Personal Finance

Insurance

As we are beginning to budget, it might be tempting to skip out on insurance. After all, insurance is not something tangible, like food or shopping. That said, buying insurance is important in terms of protecting oneself from financial crises if any mishaps happen. A good baseline in terms of buying insurance is to think about what you cannot afford to lose. For the typical individual, this encompasses life and health insurance, renters insurance, and car insurance. Generally, a monthly premium is paid to keep your insurance policy active.

Life Insurance
Health Insurance
Renters Insurance
Auto Insurance

When looking for insurance plans, it is ideal to “shop around” and to look into what lines of insurance certain companies specialize in. Be sure to compare features, benefits, and premiums, and do not let price alone sway you towards one policy versus another. Read the coverage details thoroughly to ensure that it covers what you need. 

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HerCapital is not a registered investment, legal or tax advisor or a broker dealer. All investment / financial opinions expressed by HerCapital are intended as educational and reflect the personal research and experiences of the team. HerCapital holds no responsibility or liability for any errors, losses or damages incurred as a result of any individual actions based on the provided information on any of our communication platforms or events.