INSURANCE
Insurance protection that you need to consider owning when living here include: home, car, life insurance, and medical. In your previous country, you probably had some, or perhaps all, of those insurances.
It’s challenging to navigate your way through the insurance industry here because there are few, if any, insurance brokers. Agents work exclusively with the insurance company they are licensed with. This raises the obvious question of impartiality. You have been used to working with brokers who contracted with multiple carriers. Since policies in every company have their strengths and weaknesses, its critically important to know which insurance company will best suit your individual needs because the insurance agents won’t necessarily tell you.
Life insurance policies are often sold here as a means to cover medical expenses. That’s different to what you may have been accustomed to. But what are the advantages and disadvantages of this approach?
Is it best for you to buy a medical insurance policy or instead self insure? If you want to buy a policy, is the face amount (death benefit) or cash accumulation more important for you? And which company will best suit your needs?
If you want to combine your home insurance with car insurance, which companies offer the best overall program with solid discounts?
Those are but a few of the important questions that need informed answers. We will be happy to refer you to the appropriate insurance agent and company based on your specific needs.
