Lisa Smith Financial Expert from USA

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Lisa Smith, A financial expert from the United States, emphasizes that, there are 5 types of insurance we must have, among other things:

1. Life Insurance. It is very important for new families who are managing the household life. A good head of the family must have insurance to guard that family members who depend on them to continue on with life when things happen that are not desirable in themselves the head of the family. Life insurance not protect ourselves as participants in the life insurance, but provide protection to people who financially depend on us.
2. Disability Insurance. The risk of permanent disability is more frightening than death. Because no longer can do things productive and will only be a burden for our family dependents. Therefore, we must ensure that our family will be financially protected from the risk of permanent disability. In Indonesia, this type of insurance is generally sold as an extra (raider) of the basic life insurance. Because of the risks posed almost the same as the risk of death should be made equal to the insured.
3. Health Insurance. Increasingly expensive health costs must also be considered because of the potential to disrupt the financial stability of a large family. Lucky for some of us who already have health insurance coverage for the family of the workplace. But that must be ensured is the adequacy of the protection. For example, if the protection of hospitalization for each covered family member's office has a ceiling of 500 thousand rupiahs, we must ensure that there is a hospital nearby where we live that has a room rental price for it. If it turns out that the ceiling is too small or does not match the class room we want, then there is no harm in our search for additional health insurance to patch up the price difference.
4. Insurance House Live. The house is a treasure that is very expensive and naturally protected from all kinds of risks. The magnitude of this protection ceiling should be calculated based on building area multiplied by the cost of home construction per square meter at the moment. The price of land does not need to be included in the calculation of the sum insured. Normally for homes purchased on credit, insurance has become a necessity required by banks or finance companies.
5. Motor Vehicle Insurance. The risk of getting hit, the risk of crashing, the risk of third party claims, to the risk of loss of vehicle should we face on the streets every day. Therefore insurance coverage is needed, especially for cases of theft and destroyed. Just like staying home, this insurance shall be held by us who buy vehicles on credit.

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