Product liability insurance rates for the supplement industry, which have been in a steep decline for about seven years, have bottomed out in the previous ninety days, and are almost certainly headed upwards in the near term.Everyone needs car insurance as it is required by state law in every state of the union. No getting around auto coverage as every state wants to protect it’s citizens from being injured by reckless drivers. While you probably do not drive your car recklessly, state law doesn’t know that so it requires everyone to get car insurance to protect everyone from the few reckless car drivers that are on the road.
Life insurance is important for anyone with a family, as you want coverage for your family if you should not be able to provide for them. If one of those reckless car drivers should hit your car, you may need life insurance to provide financial coverage. Or you may need health insurance coverage to provide the funds for expenses incurred nursing you back to health. The car insurance that the other driver has is supposed to provide coverage for you, but not every car driver obeys the law by obtaining coverage, and even so, a settlement can be tied up when you need it right away. So having your own life and health insurance coverage is the safe way to take care of your own insurance needs.
Why? Rates have declined by 80% by some estimates. They couldn’t go down without end. Insurers have been struck by catastrophic losses and an progressively litigious social environment. Interest rates are at historic lows with no end in sight. The ebb and flow, roller coaster effect of premiums for commercial insurance has historical precedence and is destined once again to rise.