The cost of insurance is rising all the time and many people are now starting to wonder if it is actually one of life’s necessities. There are many different types of insurance and it can be expensive to cover everything that only has a slight chance of happening. Unfortunately though we cannot guarantee nothing bad will happen to us, our families or our belongings! There are still plenty of good reasons for taking out those insurance policies.
You never know what is going to happen. This is the main reason for having insurance. If you are covered and someone breaks in to your home and steals something you get it replaced, if you break your hip you get it replaced etc. This is how insurance should work.
You can’t trust nature – In early 2009 bush fires ravaged the southern Australian state of Victoria destroying over 1000 homes (not to mention vehicles and possessions). This is but one example of the destructive forces of nature. Add storms, hurricanes, tornadoes, earthquakes, tsunamis, floods etc. into the mix and it becomes very clear that insurance is still very necessary!
You can’t trust other people – Accidents happen to everyone, but there are people who cause accidents through negligence, a drunk driver for example. Not being insured doesn’t mean you can’t sue them, but at least you are covered from the start!
It’s not as expensive as you might think – Insurance plans can seem expensive, but there are always ways to save money, like bundling different types of insurance together for example.
For your peace of mind – Knowing that you (and your family) are covered by an insurance policy if something unfortunate does happen can help put your mind at ease.
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