Provided by Nationwide
insurance needs will change over your lifetime. Some things, though, stay the
It may seem like nearly everything can be insured, so
knowing whether you have too much insurance—or not enough—can be difficult. Jeff
Wuorio of MSN Money suggests simplifying this process by thinking about insuring
just two things: your life and your stuff.
Life insurance is important for your family if
something happens to you. Funeral and burial expenses are just the beginning.
Think about how much your family has to have to maintain their current standard
of living. Then compare term insurance and whole life insurance policies. Your
employer may offer basic insurance that you can add to over time. You should
also speak to a Nationwide agent to figure out what coverage fits your
Homeowners, renters and auto insurance
The rationale behind
carrying insurance on expensive assets is the ability to replace them if they
If you own a home and have a mortgage, homeowners insurance is mandatory and
is often built into your monthly payments. Ask a Nationwide agent about adding
guaranteed replacement coverage. Also, ask about flood or earthquake coverage if
your home is in an area that may be affected by these events.
If you rent, ask a Nationwide agent to go over the assumptions in your policy
with you. As you “trade up” for nice things through the years, you may need to
increase your coverage.
You are required to carry automobile insurance in most states. Liability
protection is a must. If you have a motorcycle, boat, ATV or other motorized
equipment, talk to a Nationwide agent about putting all of your policies
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