Types of Insurance

As a college studnets there are a couple of major types of insurance that you should be aware of

We will be going in depth into each category and what they mean

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Personal Insurance

Now the meat and the potatoes of insurance, also the ones you may be most familiar with. Personal insurance includes the follwing insurances

❤️ Health Insurance

This commonly covers medical expenses, like doctor visits, hospitalization, surgery, and perscription drugs

If your finances can cover it it may be a good idea to get health insurance. Though it is important that you have enough money to pay for the premiums.

🚶‍♂️ Life Insurance

This provides financial protection to people you choose in the case that you die. There are also different types of coverages like life term, and permanent coverage.

If there are those that depend on you financially, it may be a good idea to get life insurance

♿ Disability Insurance

This type of insurance is insurance for when disaster strikes making you unable to work, it will cover part of your income. In case of a disaster, it will allow you to focus on your recovery, and allow you to pay rent, utilities, and food.

🚗 Auto Insurance

This is a type of insurance that covers damages to property, and people in a car accidents is required to drive in Florida 🍊. Note that the exact requirements will vary from state to state, but because it is required to drive in Florida, it is important to get auto insurance right.

Bellow are all the required types of car insurance coverage required in Florida from Geico

Coverage Type Requirements
Bodily Injury Coverage $10,000 per person and $20,000 per accident*
Property Damage Coverage $10,000 per accident
Uninsured Motorist Coverage $10,000 per person and $20,000 per accident*
Personal Injury Protection $10,000

While this gives a general overview for more specifics in Florida please check out Geico's Article about the subject

🏡 Homeowners Insurance

This is a type of insurance that protects your property and its contents from damages from disasters like fires, storms, and especially in Florida hurricanes

Additionally this type of insurance can also cover theft of the contents, which may be especially relevent for those living in dorms

☂️ Umbrella Insurance

Umbrella insurance is a type of insurance that usually goes above normal insurance. It can help cover costs that your normal insurance cannot cover because it goes over the limit.

Business Insurance

This is a general type of insurance that covers a range of things for businesses like, natural disasters, sues, and general liability