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5. Getting properly insured


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Getting properly insured. “How do I protect myself from illness and accidents?”

Being responsible for yourself means more than just paying your own way in life. It also means being prepared for the financial losses that can occur when the unexpected happens.

Accidents can damage your property and lead to health care costs for yourself and others. Getting sick or injured can mean you will need to pay medical bills and may lose income because you cannot work. Insurance is available to protect you from all these losses.

The following subtasks may assist you in getting properly insured. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Protect from losses that can result from owning and using a vehicle

Subtask 2: Protect from losses related to your personal property and home

Subtask 3: Replace your income if you become sick or are injured and cannot work

Subtask 4: Cover your medical bills if you become sick or are injured


Getting Out on Your Own Tasks

1. Finding housing
2. Building credit access and usage
3. Reaching financial goals
4. Setting up a spending plan
5. Getting properly insured

Getting properly insured Subtasks

1. Protect from losses that can result from owning and using a vehicle
2. Protect from losses related to your personal property and home
3. Replace your income if you become sick or are injured and cannot work
4. Cover your medical bills if you become sick or are injured

Permanent link to this article: http://napfafoundation.org/financial-help/getting-out-on-your-own-2/getting-properly-insured/