Your Safety Doesn’t Have to Break the Bank
Who doesn’t want to protect their family? Whether you’re single, a couple or have children, you will go over and beyond to make sure your loved ones and home are safe. But as you might already know, the cost of keeping your family safe can hit your pocket hard.
This doesn’t mean you should skimp or cut corners on safety — and then pray for the best. There are ways to get the protection you deserve without breaking the bank. It’s all about comparison shopping and choosing affordable options.
1. Get health insurance for yourself or family
There is nothing cheap about health insurance, especially if you’re trying to get coverage for an entire family. But at the same time, you can’t afford to be without coverage.
Adequate health insurance ensures you and your children receive the treatment you need. And with early attention and detection, you can alleviate many health complications and potentially lower your medical costs in the long run. But with health insurance companies charging enormous premiums, you might question whether you can squeeze insurance into your budget.
Thanks to the Affordable Care Act, you might qualify for subsidies which can keep your coverage affordable. If not, there are other ways to keep your cost within reach. Health insurance plans aren’t created equal, so it’s important to compare plans and get the coverage you need — nothing more and nothing less.
If you get too little coverage, you’ll likely end up paying a lot out-of-pocket. And if you get too much coverage, you might pay more than necessary for a policy. You can also keep health insurance affordable by adjusting your deductible. Higher deductible plans are usually cheaper. If you have a large enough cash cushion in your savings account, consider a higher deductible health insurance plan to lower your monthly premiums.
2. Buy renter’s insurance for your property
Homeowner’s insurance is required when financing a house through a bank. But if you’re renting a house or apartment, your landlord might not require renter’s insurance.
This doesn’t mean you shouldn’t get a policy. Some people think bad things can’t happen to them. But the truth is, you never know when you might be a victim of a natural disaster or theft. And what you may not realize is that your landlord’s insurance policy only covers the actual dwelling, not the items inside. You need a renter’s insurance policy to cover the replacement cost of your personal belongings in the event of theft or damage by natural disaster.
Luckily, renter’s insurance is fairly inexpensive. You can get a policy for $25,000, $50,000 or $100,000. And in most cases, policies cost less than $20 a month.
3. Get peace of mind with home security
Since we’re on the subject of home safety, one of the best ways you can protect your family and property is with a monitored home security system.
“The list of potential threats that could affect your safety includes burglary, fire, carbon monoxide and flooding,” according to http://home-security.io, a home security ADT authorized dealer website.
Even if you take other home safety measures, such as installing motion sensor lights or reinforcing your locks, experienced thieves know how to bypass these deterrents. For maximum protection, you need home security.
If your finances are tight, you might assume these systems are too rich for your blood. However, a home security system only costs a little more than a dollar a day.
Review your budget and you might discover that home safety is more affordable than you think. How often do you eat out each week? How much do you spend impulsively a month? Adjust your spending and afford home security without breaking a sweat.
You can’t put a price on home safety. Not only will you sleep soundly knowing your family and home are protected, you can avoid what if thinking if you become a victim.