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What kind of insurance is best for if something unexpected happens?

by vistavision

Question by Devin: What kind of insurance is best for if something unexpected happens?
I've read up on insurance policies and found that ones that have high deductibles and low premiums are good for the young and healthy, but what happens if the unexpected happens (not death, but a serious illness or surgery)? Is there a type of insurance for that or some kind of account (mutual fund, etc.) that can be set up for that?

Best answer:

Answer by mbrcatz
There's no one single policy, that covers EVERYTHING.

At the very least, you need to narrow it down a bit - house insurance? car insurance? health insurance?

Sounds like you're talking about HEALTH INSURANCE.

It's regulated, including coverages, on a state by state basis, so to get information RELEVANT to you, you should probably talk to a local agent.

With health insurance, there is no "great deal". You get what you pay for. Less coverage and/or higher deductibles means lower monthly premiums. Great coverage with low/no deductibles means higher monthly premiums.

Health insurance scams are on the rise. Everything from passing off a discount plan as "insurance", to forged policies (very easily sold over the internet). To avoid being scammed, use a local agent - who's also there for you when questions arise.

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