Good Insurance is the Great Stress Reducer

PhysicianRemember when I had the most expensive day ever? It included car trouble and a scary medical issue that landed me in the ER for five hours. Then there were the CT scans and the multiple doctors appointments, etc. Thank goodness for insurance. It only set my family back $600 or so. I am so grateful to have it.

Then, I started to think about the other types of insurance we have, and it really is the ultimate stress reducer. One that was integral for us to get was med evac insurance. Essentially, if we have a serious medical issue here in Grenada, this insurance allows us to immediately be evacuated to Miami.

To take it a step further, when the hubs got into medical school, one of the first things we did was shop for life insurance for him. After all, if my worst nightmare happens and he gets into a terrible accident, what would I do? I’d have $300,000+ in medical school loans to pay without the medical school degree or the physician’s income.

Most people don’t realize how affordable some types of insurance can be. We only pay $22 a month for his life insurance, and in a worst case scenario, it will be there if I need it.

I’m sure that in the future, we will be purchasing many other types of insurance. You can bet that we’ll be heavily researching any company to make sure it has a solid history.

Essentially, insurance is one of those things that you hope you never have to use, but you’re so very glad when it’s there.

How many different types of insurance do you have? Has it ever come seriously in handy?

Photo Credit: Flickr Creative Commons

About Catherine Alford

Catherine Alford aka "Cat" is a personal finance freelance writer who currently lives in the Caribbean with her husband and spoiled pup, Julep. To learn more about her writing services, please visit her Hire Me page or e-mail her at Cat[at]BudgetBlonde[dot]com. Follow her on Google + to get all the latest updates.

Lovely comments:

  1. I don’t know how you guys took out the loans, but typically unless you’ve cosigned or consolidated your loans together – the student loans are your husbands, not yours. This is a big protection from the kind of scenario you mentioned that is built into many student loan programs.

  2. We don’t have life insurance yet (we have some through both of our jobs, but not a lot), but it is something that we plan on looking into soon.

  3. Auto, Life, Homeowner’s, Disability, Flood, Malpractice, Business Interruption, Health just off the top of my head!
    We don’t have mortgage insurance due to high equity but many homeowner’s have this as well.

  4. I agree.

    And as an ultimate stress reducer, Whole Life is your best bet. Tax free growth, guaranteed returns, guaranteed life insurance.

    Now I just need to figure out a better way to buy health insurance 😉

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