Buying insurance is the most common way that people manage risk and loss. There are many different ways to buy insurance. With so many sources of information and policies available, deciding what to purchase can be difficult, especially when it comes to comparing price and coverage.
Even if you purchase insurance, owning insurance is more than just paying the premium. It also means knowing what coverage the policy offers, should you experience a loss.
The following resources can help ensure that you have the protection you need, when you need it.
Health Savings Accounts — Tips to plan well and use this option to pay down your high deductible. Transcript and audio (2:02)
Catastrophic Health Care Coverage for Those Under 30 — This type of plan protects against very high medical costs. Transcript and audio (1:48)
Health Insurance Definitions — Consumers need to understand insurance terms to be smarter about their health insurance dollars. Transcript and audio (2:06)
Considerations in Choosing a Health Insurance Plan — Comparison shopping can save you dollars; this is even more important in looking at the various health insurance plans to choose from. Transcript and audio (1:58)
Give Yourself an Insurance Check-up — It's valuable to know your insurance coverage in case of disaster, both large and small! Transcript and audio (1:59)
Review Your Insurance Coverage Before Disaster Strikes — Be ready for disaster before it happens; check out how your property is insured.
Ways to Lower Homeowners Insurance — The price you pay for homeowners insurance can vary by hundreds of dollars, depending on the insurance company you choose. Transcript and audio (1:56)
Home Insurance Claims — Provides an overview on making claims on your home insurance policy.
Medical Insurance for Travelers — Don't assume your insurance will go with you when you travel. Transcript and audio (1:47)
List It or Lose It: The Case for Household and Property Inventory — Tips for doing an inventory of your personal property.
Other Recommended Resources
Meeting Your Insurance Needs — Insurance is the primary way you protect yourself against financial loss caused by illness, accidents, and other destructive or damaging events.
Disaster Recovery — Offers families new or additional resources following a disaster. Includes the Recovery After Disaster: The Family Financial Toolkit.
Dollar Works 2 — Teach others how to manage their personal finances and make sound decisions about money. This comprehensive curriculum has a unit on Managing Risk with Insurance.
Insurance — Minnesota Department of Commerce — The "go to" source for insurance information for Minnesotans. Information on consumer alerts, auto and leisure, home and property, medical and health, and more.