Before you decide on what coverage and the amount of coverage, sit down with your trusted agent to decide what is appropriate for you at this stage of your life. Disability Insurance For young people, disability insurance is more important than life insurance. Disability insurance covers periods of time in which you cannot work due to injury or illness. If you must purchase your own coverage you can keep costs low by choosing a policy that has a waiting period before the benefits kick in. Any disability coverage available to you should pay 50 to 60 percent of your regular earnings.
Most states now mandate minimum personal liability coverage for all drivers.
You ll want to make sure that the coverage you purchase is enough to protect you against personal injury lawsuits. Although your landlord should have insurance to cover damage incurred to the dwelling by fire, natural disasters and accidents, you should purchase insurance to cover the costs of your belongings that might be ruined, damaged or stolen.