Another Oklahoma winter is coming to an end, but not without a fight. In addition to cold and snow, your region may be among those that experienced hail and high winds with the last storm system. The force of Mother Nature spared your loved one's any injury but left your home damaged.
When you purchased an insurance policy for your car, your home or your life, among others, you agreed to make periodic payments in exchange for the peace of mind that if you file a claim after an accident, injury or damage to your property, the insurance company would be there to provide you with financial assistance you need.
Purchasing long-term care insurance may have given you a certain amount of peace of mind. After all, about 70 percent of older Americans eventually need some form of extended care, whether it is following an injury, surgery or lengthy illness. Now that you are approaching retirement, you may want to review your coverage to avoid a claim denial at the worst possible time.
Nowadays, it's growing more and more common to hear stories of natural disasters occurring in Oklahoma or elsewhere in the nation. You may have already experienced crazy weather where it's warm at one part of the day then drops to near-freezing temperatures just hours later. You may be one of many who have taken to carrying several types of clothing in your car to accommodate any unexpected changes you might encounter during your travels.
In Oklahoma and nearly every other state, driving without minimum insurance coverage is against the law. Insurance provides assistance in paying for property damage and injuries following a car accident. Because Oklahoma is an at-fault state, the driver who is determined to be responsible for the accident is the one whose insurance covers the damages.
With the unpredictability of the weather here in Oklahoma, you more than likely willingly pay for homeowners' insurance. Even if you don't necessarily like paying the premiums, the odds are that at some point, you may need to file a claim.
As your mom or dad ages, you may be noticing signs of a decline in health. You may have expected this if conditions such as Alzheimer's run in your family or if your loved one has already received a diagnosis of a degenerative or debilitating disease. If you and your parent investigated the benefits of long-term care insurance, you may feel relieved to have that policy in place as your loved one's needs change.
Death is something everyone must face but few like to think about. It is difficult to let your mind go to the possibilities that might end your life or the circumstances that might take you from your loved ones. However, if your spouse cared enough to consider these things and prepared for that moment by purchasing a life insurance policy to protect you, you may have felt comforted that, at the very least, your financial needs would be met during a difficult time.
Like many in Oklahoma, you understand that tornados and high-wind storms are a way of life, especially during spring. Recently, a rare summer tornado impressed upon you the need for preparation that may go beyond battening down the hatches.
If you are the kind of person who likes to cover every base and leave nothing to chance, you likely make lists, keep a calendar and make frugal decisions with your money. Chances are, you have made ultimate plans, like choosing a power of attorney and writing a will.