Aruni Rajapaksha

Buying the right kind and amount of insurance is difficult because you cannot predict your future needs. There are three general guidelines that you should follow when you buy insurance to protect your future financial security and to keep your present insurance premiums as low as possible. The guidelines are:
The more you have to protect, the more insurance you need. If you own a home or are regularly employed at a good wage, you should consider buying more insurance than the minimum coverage required by law.
Buying insurance to cover your own smaller losses may be unnecessary. If you have a higher deductible or do not buy collision coverage on an older auto, you may save money. The key is to decide how much you could pay in the event of an accident without causing yourself financial hardship.
You should discuss your insurance needs with your agent. It is your agent’s