Sep 8, 2021
What should you be on the lookout for when it comes to car insurance as you approach retirement? Do you need to make changes to your coverage? Does it make sense to keep your children on your car insurance? My good friend and guest, Matt Dzubin was kind enough to join me for a second week as we explore the topic of car insurance during retirement and so much more.
Matt has over 20 years of experience in the insurance industry and currently works as a Sales Executive at Roland Dumont Agency in South Windsor, Connecticut. Pay close attention, Matt has some valuable insights that you don’t want to miss!
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You will want to hear this episode if you are interested in...
- Re-evaluating your car insurance coverage in retirement [0:50]
- Features and add-ons that you need to pay attention to [4:00]
- How long should you have your children on your car insurance? [7:00]
- Why you might need travel insurance [12:00]
- Closing thoughts [18:00]
Car insurance during your retirement years
As with many programs and policies you’ve managed over the years, it is a good idea to re-evaluate your car insurance as you approach retirement.
In general, what you need is proper coverage so you aren’t left
in a financial bind if you end up in an accident. For each person
and situation, the right coverage is going to change but if you
haven’t evaluated your car insurance recently, make sure to take
this opportunity to do so. Learn more about car insurance coverage
and much more as Matt and I continue our conversation on this
episode!
Travel insurance
Is it a good idea to get travel insurance? You may not need travel insurance for inexpensive trips, but it can provide a sense of security when you prepay for pricey reservations, a big international trip, or travel during the COVID-era, which can be unpredictable.
According to Matt, when it comes to a more lengthy trip, yes you should get some time of travel insurance. When you’re considering travel insurance for an upcoming trip, you’ll be happy to know that some components of your trip may already be covered. For example, when you book a trip with your credit card, depending on the card you use, you may already receive trip cancellation and interruption coverage.
So when deciding on what level of coverage you need, check to see what you already get with your credit card. I’m speaking from personal experience here, you might already be covered, check it out! Learn more about travel insurance and how to make sure you are protected by listening to this informative episode with Matt.