What does insurance do for you?

When you are young and preparing for your future, you’re willing to take risks that you probably will not take as you get older. After all, college is a place for adventurous and bold exploration. What could go wrong?

If you’re lucky, not much. But the Centers for Disease Control and Prevention (CDC) Links to an external site. reports that 32,000 people die and another 2 million are injured each year in auto accidents. No one plans to be in an accident, but having proper insurance coverage cuts costs and reduces the financial stress associated with repairing and replacing property or treating medical issues.

If you are covered by your family’s insurance right now, there will come a time when you will need your own protection. Knowing how insurance works, the types of insurance available and how to make a claim can help you preserve your financial future.

(1/12)