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Final Project: Insurance

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Final Project: Insurance
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  • Hey Mom. I am doing a project and have to ask you a couple of questions.
  • What types of insurance do you believe a family needs and what the costs and benefits?
  • Good question. The important ones are Health care, Auto, Life, and Homeowners insurance. 
  • Auto insurance is crucial if you drive. Not only is it required in most states, but paying for damaged caused by car accidents is expensive. The cost monthly can change.
  • The biggest factors that affect car insurance rates are state coverage requirements, age, and the car's make and model. 
  • Health insurance is one of the most important types. Your good health is what allows you to work, earn money, and enjoy life.  
  •  The cost for health insurance is $456 for an individual and $1,152 for a family per month.
  • When u are married with a family when you die, what can life insurance do? It can replace lost income, help pay debts, or pay for your children's college education. If you're single, it could pay for burial costs and pay off any debts you leave behind.
  • The cost depends mostly on your age and health. The younger and healthier you are, the lower the cost is likely to be. 
  •  Home insurance protects you by giving you a financial safety net when damage occurs. It also protects you against liability for injuries and property damage. It can also cover you if your home is uninhabitable after a covered claim, and it can pay to repair or rebuild detached structures, like your fence or shed, damaged by a covered claim.
  • The cost can be around $1,677 it depends.
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