Insurance Tips for Millennials and Young Adults

December 29, 2016

You keep your car filled up with gas so you don’t get stranded on the side of the road. And, your phone charged so your loved ones can reach you. But, what kind of safety measures do you have in place for more extreme scenarios?

What if you came home to find that a fire has burned down your house or apartment and you lost everything you owned? What if you leave a grocery store to load up your trunk only to realize your car was just stolen? These situations are scary, but they can happen to anyone at anytime. Fortunately, your insurance can help you through them, and much more, so long as you have the right coverage in place.

So, what’s right for you? Whether you’re starting out on your own or starting a family, these tips can help you begin to understand the level of insurance you may need.

Consider What You Own – And What It’s All Worth

Can you imagine having to replace all of your personal belongings at once? In the case of a major accident you would have to do so from memory and on your own dime without the proper insurance coverage. To avoid this difficult and costly task, make an inventory of your belongings and their value. One of our insurance partners, SafeCo, provides a free SafeCo Home Inventory app that can help you with this. In addition to this, make sure you have enough insurance coverage, whether you rent or own a home, in order to minimize the amount you pay out of pocket. Make sure you have adequate “personal property coverage” which can replace all of your belongings if needed.

Take Your Lifestyle Into Account

What kind of car do you drive? If you drive an expensive car, repairs are likely to be costly so it’s best to carry full coverage. Where do you live? If you own a home with a lot of custom features be sure your homeowners policy takes them into account. The the way you live can also affect your insurance costs and allow you to save some money. For example, if you own a car but still take public transportation to and from work, you may pay less for your insurance.

Talk to Your Independent Agent for Ease, Choice and Advice

As an independent agency, we at Jessica Liu Insurance Services offer a variety of carriers and options for insurance. We also provide free quotes and personalized advice to help you make sense of it all. We make your life easier by doing all the research and giving you your best options to choose from. We know you appreciate this – a recent study concluded that 31% of millennials value independent advice, choice among insurance companies, an expert advocate and ease of understanding their insurance options!

Remember, we’re always here to help you. Contact us today at by phone (415-386-2283) or email ([email protected]) with your insurance questions and needs!

Contributor: Smruthi Sriram
Source: SafeCo, Google Images