Making a New Year’s resolution is a time-honored way of setting out to better your life in the coming year. In addition to your physical health, this is a great time to consider your financial health overall, and in the event of an unforeseen incident. Obtaining and maintaining proper insurance coverage is vital to your physical and financial well-being.
Shocking as it sounds, the number one cause of bankruptcy in the United States is medical bills. When you are suddenly injured or fall ill, the medical bills can quickly reach into the tens of thousands of dollars—or more. Unfortunately, holding a negligent party responsible can be an essential part of ensuring proper medical care and avoiding substantial medical debt.
On the other side of the coin, if someone gets hurt on your property or otherwise at your fault – Proper liability insurance is essential. Nobody wants to think they are going to get sued! Unfortunately, it happens far more often than you may think.
Whether as a result of an auto accident in which you were at fault, or because someone was injured on your property, the possibility of a costly lawsuit is a real one. Fortunately, you can protect yourself with a strong umbrella policy. An umbrella policy will cover your potential liability from a variety of sources, letting you live your life free worry free!
If you are considering your financial state, don’t forget to take a close look at your insurances in 2019. If you are injured as a result of someone else’s negligence, contact NRS Injury Law today.