Don’t Delay in Purchasing Insurance

While it might seem tempting to delay buying insurance, doing so could leave you exposed to financial risks. Insurance is designed to help protect you from unexpected losses, so getting coverage sooner rather than later is usually the better approach.

• Tip:
  Buy insurance as soon as possible—Delaying insurance can be risky, especially in situations where you may face liability or need protection for your property, health, or life. For instance, purchasing life insurance at a young age can result in lower premiums.
  • For Health Insurance: Make sure you apply for health insurance during the open enrollment period to avoid being without coverage. Missing this window could result in penalties or higher costs.
  • For Auto Insurance: Don’t drive without insurance. It’s illegal in most places, and if you get into an accident without coverage, you could face severe financial consequences.