Moving to the United States is an exciting journey, but navigating the American insurance system can be confusing. Here's a guide to the essential types of insurance you'll need as a new arrival.
Health Insurance
Health insurance is essential in the US, where medical costs can be extremely high. Options include employer-sponsored insurance, marketplace plans through Healthcare.gov, or Medicaid if you qualify. Some employers offer coverage immediately, while others have waiting periods.
Auto Insurance
If you plan to drive, you'll need auto insurance before you can legally operate a vehicle. Each state has minimum requirements, but we recommend higher coverage for better protection. Your driving history from your home country may affect your rates.
Renters Insurance
If you're renting an apartment or house, renters insurance protects your personal belongings from theft, fire, and other covered events. It's affordable and often required by landlords. It also provides liability coverage if someone is injured in your home.
Life Insurance
Life insurance provides financial protection for your family if something happens to you. This is especially important if you have dependents relying on your income. Term life insurance is an affordable option for basic protection.
Understanding the US Insurance System
The US insurance system can be complex, with terms like deductibles, premiums, copays, and coverage limits. Working with a knowledgeable insurance agent who understands your unique situation as a new arrival can help you navigate these choices.
New to the US? We Can Help!
At Anchor Insurance, we specialize in helping new arrivals find the right insurance coverage. We speak multiple languages and understand your unique needs.
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