Insurance Considerations for Retirees

There are many things that you no longer have to worry about when retired, but insurance is not one of them. In order to get the most out of your retirement and your retirement savings, having a well-designed insurance portfolio is vital. Here are some of the coverages you should be considering before, and after, retirement:

• Home Insurance: One of the goals of many retirees is to have a paid off home by the time they reach retirement. Many may have the misconception that once your home is paid off your need for home insurance changes. Home insurance isn’t a product that’s meant to protect a mortgager though, it’s meant to protect you. If something should happen to your home or your belongings, without insurance you would be forced to sell assets or dip into your retirement savings to repair or replace your home and possessions.
• Auto Insurance: Once your automobile is paid for, many think keeping the state-required minimum is enough. What if your car should be stolen, vandalized or totaled in a collision? Without the proper insurance you’ll have to use retirement funds to repair or replace it. You may also find that state required minimums for liability and bodily injury may prove so limited that you will be forced to pay out-of-pocket for the damages that exceed your limits.

Click here to read more on your insurance needs after retirement.  Give us a call at 305-270-2100 and we can discuss the many ways that insurance is there to make your retirement more financially secure.

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At Filer Insurance, Inc., we have been serving Miami and South Florida since 1919. We specialize in miami home insurance as well as in miami auto insurance, miami life insurance and miami business insurance. Please give us a call, visit our website or come by our office for a free Miami home insurance quote.

Insurance Considerations for Retirees 2011-12-22T09:19:00-08:00 Rating: 4.5 Diposkan Oleh: bombig dose