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How to Buy Insurance

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Summary: When buying insurance, discuss insurance policies with an insurance agent or broker to find out what type of coverage is best. Figure out how long an insurance policy will be required with tips from an insurance agent in this free video on insurance.

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By Vic Schumacher
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Vic Schumacher is part of HPE Financial Services, a brokerage insurance company representing all major carriers. He works with businesses, families and individuals, helping them to...read more

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Video Transcript

"Hello, my name is Vic Schumacher, with HPE Financial Services. I'm an insurance broker representing a variety of different insurance companies. The question was asked how do you buy insurance? Well, you have to understand what insurance is first of all. Insurance is something that you obtain, and you replace an unknown with a sense of security. It's a peace of mind. So, how do you buy it? Well, you can talk to an insurance agent. You can talk to a broker. You can go online and buy it. You get a, you can get prices in a variety of ways, but you have to consider what is the purpose of the insurance. You have to ask yourself, how long do I want the insurance policy to last? You have to ask yourself, if this particular event or object were destroyed what is the value of it? What am I trying to do with this insurance? Why do I have it? And mostly importantly, how much can I afford? You may want to have the greatest thing in the whole world, but if you can't afford it you've got to look at that too. When you want to buy insurance something is better than nothing. Keep that thought in mind. My name is Vic Schumacher. The company is HPE Financial Services, helping people every day."

eHow Article: How to Buy Insurance

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