As a millennial, you face a lot of financial challenges. Between paying off student loans, saving for a down payment on a house, and trying to build a career, it can be tough to think about the future.

But one thing you shouldn’t overlook is insurance. Insurance can help protect you from financial disaster if something unexpected happens. Here are our top 5 insurance tips for millennials to protect their future.

Tip #1: Get Health Insurance

One of the most important types of insurance for millennials is health insurance. Even if you’re young and healthy, accidents and illnesses can happen.

Without health insurance, you could be stuck with huge medical bills that could wipe out your savings and put you in debt. If your employer doesn’t offer health insurance, you can buy a policy on your own through the Affordable Care Act.

Tip #2: Consider Disability Insurance

Disability insurance is another important type of insurance for millennials. If you become disabled and can’t work, disability insurance can help replace your lost income.

This can be especially important if you have a job that relies on your physical abilities, like construction or farming. You may be able to get disability insurance through your employer, or you can buy a policy on your own.

Tip #3: Protect Your Property with Renters Insurance

If you’re renting an apartment or a house, you should consider getting renters insurance. Renters insurance can protect your personal property if it’s stolen or damaged in a fire or other disaster.

It can also provide liability coverage if someone is injured while visiting your home. Renters insurance is typically very affordable, so it’s a good investment to protect your belongings.

Tip #4: Buy Life Insurance If You Have Dependents

If you have dependents, like a spouse or children, you should consider buying life insurance. Life insurance can provide financial support for your loved ones if you were to die unexpectedly.

It can help cover things like funeral expenses, outstanding debts, and future living expenses. The younger you are when you buy life insurance, the cheaper it will be, so don’t wait too long to get coverage.

Tip #5: Protect Your Car with Auto Insurance

If you own a car, you’re required by law to have auto insurance in most states. But even if it’s not required, it’s a good idea to have coverage to protect yourself financially if you get into an accident.

Auto insurance can help pay for damages to your car, medical expenses for yourself and others involved in the accident, and legal fees if you’re sued.