Protect Your Wallet

There are always new ways to safeguard your wallet while still enjoying your investments, traveling the globe, or caring for your favorite pet. In each of these scenarios, insurance can be a valuable option.

This week, while visiting a friend, she shared a story about her “grand-dog” that suffered an unexpected illness costing $10,000 for surgery, with possibly more on the way. This story is becoming far too common as cherished family pets are diagnosed with serious illnesses. Each family makes its own private choices regarding these difficult decisions. However, with veterinary costs rising steadily, pet insurance is a useful option to alleviate the financial and decision-making burden during a crisis. 

Forbes.com suggests that pet insurance allows pet owners to make decisions based on the best course of action rather than the cost of veterinary care. According to the Forbes website, the average cost of pet insurance is $46 per month for a dog and $23 per month for a cat policy with unlimited annual coverage. Discussing your needs with a trusted insurance agent ensures you obtain the right coverage for your pet.

If you own investments such as an Airbnb or a rental property, or if you are living in a rental property or apartment, your investments and personal property require protection. This expense is relatively low and includes liability insurance, personal property coverage, and additional benefits. 

As a property owner, insurance safeguards your wallet if the HVAC system fails or the roof is damaged in a storm. As a renter, your insurance covers your belongings in the home or apartment. Securing insurance before a storm strikes protects your investments. Please do your homework so you understand precisely what is covered, whether it’s torrential rain or unexpected tornadoes.

As the busy months of summer travel reach full throttle, don’t forget your travel insurance when you leave home. Many unexpected scenarios can disrupt travel, including illness, the death of a loved one, adverse weather conditions, or simply a change of plans. During a recent month-long trip, a close friend’s husband passed away. I wanted to be there for the funeral, and travel insurance made that possible. It was easy to change my itinerary. 

No one wants their vacation plans disrupted by an accident or illness, so travel insurance reduces the added stress of needing treatment or hospitalization while traveling overseas or within the United States. You hope you will never have to use it, but the potential cost savings if you do can be quite significant.

So, whether you are embarking on a cruise, managing or residing in a rental property, or caring for your beloved pet, safeguard your finances by obtaining the insurance you need. 

No one wants to pay for insurance until they realize how much it could have saved them. So, call one of the trusted agents at Insurance Group of the Ozarks at 417-725-1131 with your questions. We will help you find the best price on the insurance you need.