A few weeks ago my boyfriend and I were driving home with our brand-spankin’-new, stand-up paddle board.  It was a pretty serious investment…and it was beautiful.  Then the 405 ate it.

That’s right, as we were driving back from San Diego on the 405, my roof rack completely ripped off the top of my car and the stand-up paddle board and the roof rack went flying into the street.  Thankfully no one was hurt.  I wish I could say the same for the board.

Renter’s Insurance

Though I was aware of it before this incident, I realized that I should have gotten renter’s insurance when I’d first thought about it.  Renter’s insurance would have covered this particular situation, and goes for as little as $10 a month with some companies such as Strive Insurance, The Aftra-Sag Federal Credit Union and many of the same companies that provide your car insurance.

Health Insurance

Health insurance isn’t cheap, and these days (especially in the entertainment business) it isn’t often provided by your employer.  Consider asking your employer to look into Health Savings Accounts (HSAs).  They actually allow you to place pre-tax money into an account that you can use for any health items from aspirin to birth control to procedures (like botox).

You might also consider checking out United American Insurance Company.  Not only do they provide affordable health insurance but (side note for the recently unemployed!) they are hiring in some parts of LA.  So whether you go to United American Insurance Company for a job or for health insurance, consider checking them out.

Life Insurance

If you’re a young, unmarried, non-parent professional just starting out in LA, there is some good news for you.  Life insurance is one type of insurance you can probably opt out of for awhile.  Money that you would pay in to many life insurance policies that people will try to sell you on could be money you invest in other things like your 3-month safety fund, your first down payment on a home and your Roth IRA.

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