Adulting Simplified

There are days when being an adult feels like a full-time job. There are so many responsibilities, and some seem so complex that they’re going to be a challenge. Like insurance. It’s an expense, and there are a lot of options — house, car, pet, travel — so understanding how it works and why it’s needed can be a lot to manage. Insurance is often one of the responsibilities people delay, especially when they’re unsure of what coverage they need or are worried about how much it will cost. Insurance can be complicated — but it doesn’t have to be. “It’s our job to explain it,” says Lori Madsen, general manager of insurance operations at CAA Saskatchewan. “It’s so important to have a professional that you trust, a professional that is [guiding] you properly.” Insurance becomes less complicated when you understand your coverage. It can be even easier when you develop a relationship with your broker, who can then advise you about the right products. “If you have an upcoming wedding, you probably need liability insurance. Do you run a business? You need to make sure that you’re covered for that,” Madsen says. There are many different products, from coverage for home and auto to pets, vacation homes and even boat insurance. “Everything we do needs to be protected,” she says, explaining that insurance isn’t just for the replacement value for your possessions — it’s liability coverage, too.