Financial Literacy for Everyone
Follow Us
For Broadcasters

Learn how you can play our weekly Practical Money Matters on your station. Learn more

Play NFL

Challenge yourself with Financial Football
Play our fun video game to test your knowledge about money.
Play now

PMM articles

Practical Money Matters
Disputing a credit card charge? Graduating? Leasing a car? Learn important tips from our weekly article series.
Read now

social media

Connect with us!
For daily money tips, quips and pics, follow us on social media.
Like us on Facebook
Follow us on Twitter

Practical Money Matters Radio Series

December 16, 2013
4 Essential Insurance Plans

download share

What insurance plans are essential for your household?


When trying to lower expenses, it's tempting to reduce or drop insurance coverage. But all it takes is one serious uncovered incident to wipe you out financially.

The four insurance policies no household should be without include:

  • Medical. When choosing a plan, make sure your doctors are "in network" and your medications are covered.
  • Homeowner or renter. Faulty plumbing, theft and home accident lawsuits are just a few catastrophes that you need to be protected from.
  • Vehicle. Be sure to get adequate liability coverage, which pays if you cause an accident, and uninsured motorist coverage, which pays if someone else is to blame.
  • Life insurance. Buy coverage worth at least five times your annual pay.

Bottom line: Passing on vital insurance coverage isn't worth the gamble.

Related Articles

Email to a friend

Your Name:
Your Email:
Recipient's Email:
Enter code:

The information that you provide through this e-mail feature will not be stored by Visa for any other purposes. Please refer to Visa's privacy policy for details.