Law
What Types of Insurance Do You Actually Need?

As of 2019, the US was home to a staggering 5,965 insurance companies. They provide three types of insurance: health/dental, life, and property/casualty (P/C). P/C, in turn, includes car, home or condo, liability, and even pet insurance.
With so many different kinds available, you may be asking, “what insurance do I really need?” This depends on who you are, what you own, and the laws in the state where you live.
To that end, we created this guide on the essential types of insurance you should never go without. So, keep reading to discover what the law says about them and why you need them in the first place.
Motor Vehicle Insurance
All US states require motorists to provide proof of financial responsibility. In the majority of states, such proof takes the form of car insurance. As such, auto insurance is a legal requirement in most of these states.
Note that there are only two states where car insurance isn’t mandatory, and New Hampshire is one of them. However, under NH law, you need to show your financial ability to pay for the damages you cause in an accident. Failure to do so will lead to the suspension of your driving privileges.
Virginia is the other state where you can opt not to purchase car insurance.
However, before driving an uninsured car in VA, you must first pay the $500 Uninsured Motor Vehicle Fee. This doesn’t provide any coverage; it only lets you drive uninsured at your own risk. This means you’d still pay for any damage you cause in a road accident.
Now, keep in mind that a property-damage only crash in the US already has an economic cost averaging $4,600. That goes up to a staggering $23,400 for a crash with possible injuries. If you don’t have insurance, you’ll end up paying for it all out of your own pockets.
All that should be a good enough reason never to drive without enough auto insurance.
Health Insurance
Pre-2019, a health plan in the US was a mandatory type of insurance to buy. Since January 2019, though, this was no longer the case for most states. Just a few states, like California and Massachusetts, still require health insurance.
However, even if you live in a state where you can opt out of a health plan, think twice before doing so. Remember: health insurance exists to help offset the costs of medical services. In turn, health care services in the US are the most expensive in the world.
While health insurance is still costly, it makes healthcare services less exorbitant. It can help pay for physician check-ups, emergency room visits, and hospitalizations. It also covers diagnostic exams and, sometimes, even medical equipment.
Dental Insurance
Dental insurance, like health insurance in most states, isn’t mandatory.
That’s likely one of the reasons why only 59% of US adults aged 19 to 64 received private dental benefits in 2020. Some 7% also had dental coverage through Medicaid. The rest had no dental coverage at all.
If you’re part of the last group, you may have to pay all dental services in full, even if you have a health plan. That’s because most standard health insurance policies don’t provide dental coverage.
So, before you visit a dentist and tell them, “I have no dental insurance,” prepare to pay a minimum of $50 for a check-up alone. Since that’s the least, the more services you need, the more your out-of-pocket expenses.
As such, it might be best to get dental insurance or a dentist-provided discount plan. Both usually provide 100% coverage for visits. Standard plans also often include full coverage for at least two cleanings and X-rays.
Please bear in mind that dental health affects not only your mouth but your entire health. In fact, there’s a link between poor oral health and chronic diseases, such as diabetes. That’s why dental insurance is vital, as it helps reduce the costs of having healthy teeth and gums.
Homeowners’ Insurance
Homeowner’s insurance policies aren’t a legal requirement for fully-owned homes. Instead, they’re usually mandatory for homes still under a mortgage. However, this is a regulation set by mortgage lenders.
With that said, you should still buy or keep a homeowners’ policy for a mortgage-free home. After all, it provides coverage for the structure and contents of your home. Standard policies even include protection for a detached structure, such as a garage.
If you have homeowners’ insurance, it’ll help pay for accidental damages done to your home. For example, it’ll help cover the costs of repairing your home due to lightning or hail damage. It may also help pay to fix the damages caused by a storm-uprooted tree that falls on your home.
Flood Insurance
Flood insurance is a federal requirement for some homes in high-risk flood zones. These include houses with government-backed mortgages. A perfect example is a Federal Housing Administration-backed mortgage.
Some private lenders may also require flood insurance for homes with flood risk. That’s because most homeowners’ policies exclude flood coverage. As such, so you need to make a separate purchase for flood insurance.
It’s a wise move to buy flood insurance even if your home is in a low-risk flood area. For starters, the US has seen an increase in the frequency of flood incidents. Moreover, the floods themselves are becoming more intense and dangerous.
Without flood insurance, you may not be able to recover your flooded possessions. That’s why no matter how low your risk is, it’s best to invest in this type of coverage.
Don’t Underestimate These Essential Types of Insurance
There you have it, your ultimate guide on the types of insurance you shouldn’t go without. Even if most of them aren’t a legal requirement, they can still prove to be valuable. So, as early as today, be sure to take the time to shop around and compare policies.
Looking for more interesting and informative guides like this? Then head over to our site’s other categories to read our latest news and blog posts!
Law
Exploring the New Age of Digital Law for Barristers


Legal technology advancements are significantly transforming the way barristers work, creating brand-new opportunities for legal professionals while reshaping traditional practices.
Barrister Emily Windsor shares her insights into how these innovations are influencing the legal landscape, from streamlining case management to enhancing research capabilities.
She also explains why adapting to these technological changes is crucial for modern practitioners who want to remain efficient, competitive, and prepared for the future of legal practice.
Efficiency, Accessibility, and Transformation
Emily Windsor understands the importance of digitisation in democratising legal knowledge and creating a more flexible legal profession.
Reflecting on her role in producing and updating leading agricultural law texts, she acknowledges the impact of moving legal resources online: “Since books have been incorporated into digital platforms, practitioners who would not have dreamt of purchasing a specialist text can now access them at the click of a button,” she notes.
Platforms like the Westlaw online legal database have effectively removed barriers to information, ensuring that specialised legal expertise is widely available to those who need it.
The influence of technology in the legal sphere extends past knowledge dissemination, fundamentally altering advocacy through the accelerated digitalisation of court processes, especially during COVID-19.
Though Emily Windsor is aware of the constraints of remote hearings, particularly in assessing witness demeanor, she also sees the benefits of technological flexibility for lawyers and clients alike.
Furthermore, technology has introduced new possibilities for practitioners to balance professional demands with personal responsibilities. Emily Windsor points out how online access to legal resources and virtual proceedings has made the Bar more accessible, particularly for women and individuals managing family commitments.
The modern barrister must embrace technological tools not only as a matter of convenience but as a means to remain efficient and accessible.
Remote Hearings
The pandemic accelerated the adoption of remote hearings, transforming them from an occasional convenience to a standard practice. Emily Windsor’s observations reinforce how this shift has had lasting effects on the profession. Virtual hearings for procedural matters save time and resources that would otherwise be spent on travel and waiting at court.
This transition to remote proceedings has particular benefits for certain types of legal work. Administrative hearings, case management, and applications without witness testimony can often be handled more efficiently through virtual means. The technology allows barristers to serve more clients in less time, potentially reducing costs for clients while increasing access to legal services.
Work-Life Balance and Diversity
Perhaps one of the most significant impacts of legal technology has been its effect on work-life balance within the profession. Emily Windsor notes that technology has made the Bar more accessible to those with family commitments, particularly women. The ability to access resources remotely and participate in hearings from home or office locations provides flexibility that was previously unavailable.
This technological shift may help address long-standing diversity issues within the legal profession, since by removing some of the rigid structural barriers that have historically made it difficult for certain groups to succeed at the Bar, technology creates pathways for a more diverse and representative legal profession.
Law
The Evolution of Automotive Tools: Transforming the Mechanic’s Workshop


“Safety should always be the top priority when it comes to driving,” emphasizes Andrew S. Kryder, Esq., a leading Chicago car accident lawyer. Addressing the evolution of automotive tools, he notes that advancements in technology have significantly transformed the mechanic’s workshop, enhancing efficiency and safety for both drivers and technicians. From diagnostic scanners and digital torque wrenches to advanced tire balancing machines, modern tools offer precision and speed unprecedented in the industry. These innovations not only streamline the repair process but also contribute to ensuring that vehicles are in optimal condition, thus promoting safer roadways for everyone.
Advanced Diagnostic Tools
Gone are the days when mechanics had to physically inspect every part of a vehicle to identify issues. With advanced diagnostic tools, technicians can now quickly and accurately diagnose problems, saving time and reducing human error. These tools use computer systems and sensors to scan a vehicle’s performance, detect abnormalities, and provide data for efficient repairs.
Precision Torque Wrenches
Torque wrenches have been crucial in automotive repair for decades, but today’s digital torque wrenches offer enhanced precision and accuracy. These tools allow technicians to calibrate the amount of pressure applied when tightening bolts, ensuring that they are tightened to the exact specifications recommended by manufacturers. This not only improves the quality of repairs but also prevents potential hazards caused by over or under-tightening bolts.
Advanced Tire Balancing Machines
Tires are a critical component of safe driving, and maintaining them in optimal condition is crucial for road safety. With advanced tire balancing machines, technicians can accurately balance tires to ensure even weight distribution and prevent issues like uneven wear or vibrations while driving. This not only promotes a smoother ride but also minimizes the risk of accidents caused by tire failures.
Improved Safety Measures
In addition to advanced tools for repair and maintenance, advancements in technology have also led to improved safety measures in the mechanic’s workshop. For example, some equipment now comes with safety features like automatic shut-off switches to prevent accidents, while others have ergonomic designs to reduce strain on the technician’s body.
That Means …
The evolution of automotive tools has significantly transformed the mechanic’s workshop, improving efficiency and safety for both drivers and technicians. With these advancements, we can expect even more precise and efficient repairs in the future, contributing to safer roads for all.
Law
Climate Change and Its Economic Consequences – Kavan Choksi


Climate change poses significant challenges to the global economy, affecting everything from agriculture and infrastructure to labor markets and financial systems. Rising temperatures, unpredictable weather patterns, and natural disasters disrupt supply chains, reduce agricultural yields, and damage infrastructure, leading to increased costs for businesses and governments alike. In many regions, frequent extreme weather events—such as hurricanes, floods, and wildfires—result in significant financial losses. For developing countries, which are often more vulnerable to environmental shifts, the economic toll can be particularly devastating. Here we see the thoughts of people like Kavan Choksi.
Impact on Industries
Certain industries are particularly vulnerable to the economic effects of climate change. Agriculture is one of the most affected sectors, as changing weather patterns and extreme temperatures can lead to lower crop yields and higher production costs. For instance, prolonged droughts or floods can destroy entire harvests, leading to food shortages and price spikes. This can have cascading effects on both local and global markets, as shortages in one part of the world can lead to price hikes and food insecurity in other regions.
The insurance industry is also heavily impacted, as the frequency and severity of natural disasters increase the number of claims. Insurers are often forced to raise premiums, making coverage more expensive for consumers and businesses, or, in extreme cases, to withdraw from high-risk markets altogether. The energy sector, particularly fossil fuel-based industries, faces regulatory and market risks as the world shifts toward renewable energy in an effort to combat climate change.
Financial Markets and Global Investment
Climate change also has significant implications for financial markets. As businesses and governments respond to climate risks, investment patterns are shifting. Companies involved in fossil fuels are facing declining valuations, while those in renewable energy and sustainable technologies are seeing a surge in investment. Global efforts to reduce carbon emissions have led to the development of new financial instruments, such as green bonds, which allow investors to support environmentally friendly projects.
However, the transition to a low-carbon economy comes with economic costs, particularly for countries heavily reliant on fossil fuels. These nations may experience job losses in sectors like coal, oil, and natural gas, leading to economic instability in regions that depend on these industries.
Social and Labor Market Effects
The economic consequences of climate change extend beyond industries and financial markets to the labor force. Rising temperatures and extreme weather can affect worker productivity, especially in sectors that rely on outdoor labor, such as construction, agriculture, and tourism. As temperatures increase, workers may face health risks and fatigue, leading to decreased productivity and higher absenteeism. This can result in lower economic output and increased healthcare costs.
Moreover, as regions experience more frequent natural disasters, migration patterns may shift, with populations moving from areas affected by climate change to safer locations. This mass movement of people, often referred to as climate migration, can put additional strain on urban centers and lead to competition for resources, housing, and jobs.
Global Inequality and Climate Justice
One of the most significant challenges related to climate change is its disproportionate impact on low-income and developing countries. These regions often lack the financial resources and infrastructure to adapt to climate-related challenges, making them more vulnerable to economic disruptions. For example, small island nations are particularly at risk due to rising sea levels, while many African countries face the threat of desertification and declining agricultural productivity.
Climate change also exacerbates global inequality, as wealthier countries can invest in adaptation and mitigation strategies, such as flood defenses or renewable energy infrastructure, while poorer nations struggle to cope with the consequences. This has led to calls for climate justice, where developed nations that have historically contributed the most to global carbon emissions take greater responsibility for addressing the impacts on vulnerable populations.
Government and Corporate Responses
In response to the growing economic risks of climate change, governments and corporations are taking action. Government policies, such as carbon pricing, emissions trading systems, and subsidies for renewable energy, aim to reduce greenhouse gas emissions and promote sustainable practices. These policies are crucial for transitioning to a low-carbon economy and mitigating long-term economic damage.
Corporations, too, are increasingly incorporating climate risks into their business strategies. Many large companies are committing to net-zero emissions targets and investing in sustainable technologies to reduce their carbon footprints. This shift not only helps businesses meet regulatory requirements but also makes them more attractive to environmentally conscious consumers and investors.
Conclusion
The economic consequences of climate change are vast and far-reaching, affecting industries, financial markets, and labor forces across the globe. While some sectors, like renewable energy, stand to benefit from the transition to a low-carbon economy, others will face significant challenges. Developing countries, in particular, are vulnerable to the effects of climate change, highlighting the need for global cooperation and climate justice initiatives. Governments, corporations, and individuals must continue to adapt and innovate to mitigate the economic impacts of climate change and ensure a sustainable future for the global economy.
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