When you think about it, and I often do because that’s my job as Detective Frank Money, that there are a heck of a lot of insurances out there: homeowners, auto, life, health, flood, dental and if you’re still in college living off campus, rental insurance. Like changing tax laws, insurance rates and coverage change, as well.

Insurance is the perfect definition for Risk Management. And insurance is another facet of being financially literate.

It’s always a good bet to have the proper insurance to protect you, your property and your loved ones from harm. Now that’s good financial literacy.