Do I Need Insurance?
Everybody asks themselves 'Do I need Insurance?' at one time or another and the very simple answer to this common question is YES you do! It is a fact that almost every aspect of our lives involves insurance, you drive a car that must be insured, you have possessions that need to be insured, your life and health need to be insured to protect both you and your family, the list goes on. Leaving yourself uninsured puts you in a very precarious position so it is important to understand why the need for insurance is something that is so critical to each and every one of us.
We are not here to sell you a policy or talk you into buying anything you don't need, in fact you will not see us asking for one cent of your money anywhere on this website. All we want to do is help you recognise the types of insurance that you might need and encourage you to go out there into the market place and get them because the longer you wait the greater the chances are of the unforeseen happening. For example if you do not have life cover and you were to die, what financial provisions are there to ensure your family have enough money to pay the mortgage, the rent or the bills? Nine times out of ten the answer to this is little or none if you are the main income earner! This is a free friendly nudge in the right direction nothing more.
The purpose of this site is to help you adopt the correct attitude to risk and help you as a consumer identify which types of insurance suit your individual needs. We cover a wide range of insurance on our site and hope that we can go some way to helping you make the right decision in deciding that it is time to take out insurance policies that will ensure the financial security of you and your family both now and in the future. We all need insurance and that is a fact you can take to the bank!
Perhaps the most important thing to understand is that insurance represents huge value for money. You take out cover that can benefit you to the sum of thousands for small change, policies can start at just a few dollars a month. By trying to save the few dollars you would spend on the insurance policies you would never come close to building up the money that would required should you need to make a claim because your car has been damaged, or you have become terminally ill to name just a few every day possibilities. These things can and do happen and you need to be prepared, you need insurance!
If there is not room for it in your personal budget then make room because if you don't now then someday down the line you will wish that you had and there are thousands of people out there everyday that come to realise this.
There are many types of insurance policies and whether you have just bought your first car, started up your own business or committed to a partner, almost every decision you make in life will require some sort of insurance to combat the risk that the decision poses.
Risk is something that is out of our hands and no matter how careful we may think we are, it is often not the actions of ourselves that determine the outcome of a situation. Risks are an extrinsic constant but they can be eliminated or at the very least significantly reduced.
For instance you may believe that you are a careful driver but you can't control the weather which brings flooding to your area causing damage to your vehicle or you wake up one morning to find your vehicle has been stolen from the street outside. Without the relevant insurance you have taken a risk and this can and will cost you dearly. So the answer to the question do I need insurance in these cases is most definitely yes!
Insuring material possessions such as a car or the contents of your home is one thing but perhaps a more prominent question is do I need insurance for my life and health or my partner's?
The priority of protecting your family is a big responsibility and it is something that is achievable by having the correct insurance in place.
Should you fall ill, or heaven forbid, even die tomorrow, how would your partner be able to pay the rent, the mortgage, the bills, the children's school fees or your impending funeral costs? You may not have visited a doctor for 20 years, but a heart attack can hospitalise you for a sustained period of time or at worse, kill you.
We should be realistic when thinking about our insurance needs and as fit as we feel there is no guarantee that we will be around forever.
Taking out Life Insurance or Health Insurance is a very cheap and easy process and the fact is that while we are at our fittest and less vulnerable it is the best time to actually take out insurance as you will have no problems in applying and securing the financial safety of your family for years to come should disaster strike tomorrow! Basic products such as a Life Term Insurance Policy are very simple and cost effective to take out on-line or with an insurance broker where ever you are in the world.
In searching for insurance on-line you may have come across the terms 'Insurance' and 'Assurance'
Generally the word 'insurance' refers to providing cover for something that might happen such as theft or damage whereby 'assurance' is cover for an event that is going to happen. 'Insurance' is the generally accepted term but people using this description are often corrected. In the United States both forms of coverage are called "insurance", principally due to many companies offering both types of policy, and rather than refer to themselves using both insurance and assurance titles, they instead use just one. In the UK the term 'Assurance' is used much more widely.
