In America, when someone mentions the word “insurance”, most people cringe, yawn or walk away, assuming the subject content to be boring and not worth their time. However, insurance is important for everyone in America, and does not need to be boring for anyone. Think about the things you value most in your life, and the things that make it possible for you to live your life. If you rent an apartment, own a home, have a family, drive a car, operate a business or have a pet, insurance can be one of the most important aspects of your life, without you even realizing it.
Everyone knows about the basic insurances: home, car and life. Other insurances, such as restaurant insurance, dog walking insurance, dog grooming insurance, and cyber insurance coverage also exist and are equally as important.
Home insurance secures the safety of your living quarters in case of a natural disaster or other tragic threat. When something terrible occurs, destroying or damaging your home, home insurance will help you to recover and pay for the damages, as well as replace important items you may have lost in the disaster.
Life insurance, of course, helps to provide your surviving relatives with compensation upon your death so they are not left without the money to pay for your funeral or bills you leave behind.
Many Americans own or drive a car. Car insurance helps to cover any damages that occur during an accident. It also provides compensation for other drivers affected during a fender bender.
Business owners, such as those who run restaurants, depend on restaurant insurance to keep their livelihood safe. Insurance for restaurant owners and coffee shop insurance is a cornerstone of the business, protecting the owners as well as all the patrons who use the service. On average, 29% of Americans dine out regularly, making it so that 50 million people are served at restaurants daily. Restaurant insurance helps keep the owners protected from damage, lawsuits, accidents and more.
In the United States, our love for animals is great and pets are often considered a part of the family, making insurance covering the animals in our homes very important. Around 63% of households in the U.S. own a pet. Dogs are the most frequently insured animals, as more services are used outside of the home for a dog than most other animals, like boarding, grooming and dog walking services. There are 403,760 dogs registered in the United States, putting the U.S. at the top of the list for the most popular country of residence for canines. Pet industry expenses in the United States amounted to $58.1 billion in 2015, with $4.41 billion of that total spent on grooming and boarding.
