Purchasing insurance is a necessity of modern day life. In many cases, buying insurance is required. If you want to own and drive a car, you must purchase automobile insurance as required by state laws. If you purchase a home using a mortgage, you will have to purchase both homeowners insurance and mortgage insurance as required by the mortgage lender.
Even when purchasing insurance is not required as with the examples above, it is often recommended. Insurance helps eliminate much of the financial risks associated with uncertainty. As an example, if you are unexpectedly injured in an accident, you may require expensive medical treatment and be unable to work. Many people do not have the financial ability to stop working and pay medical bills. In an example such as this, insurance that you purchased can support you financially while you recover. Health insurance can pay the medical bills and disability insurance can pay you replacement income benefits which can be used to make mortgage payments, purchase food, pay utility bills and pay for other continuing living expenses.
Knowing what insurance policies are available and which insurance policies to purchase can be complicated. In addition, once you decide, you must still make numerous decisions such as what coverages to elect, what deductibles to choose, what limits to buy. Most people have only a very limited understanding of insurance and how it is intended to work.
For these reasons, ERisks.com was designed to both educate consumers about the different types of insurance that are available, and to help in the purchasing decision by directing you to leading insurance agents, carriers and consultants in the industry. ERisks.com has resources on a variety of insurance policies and specializes in insurance products sold to individuals. There is a separate section for each line of insurance which can be accessed through the tabs at the top of this page.
ERisks.com is not an insurance agent, broker, consultant or carrier. ERisks.com does not sell insurance policies directly or endorse any particular insurance agent, company or product. ERisks.com offers information on insurance products and directs you to some of the leading insurance and insurance services companies. You should always consult with a licensed insurance agent when needing advice on the purchase of insurance.
