Topic: Insurance is important (Read 4381 times)

You have raised many important points. I think it is a necessary message for everyone. However, even if it is difficult, everyone should be insured. As far as I know, almost everyone is in danger at some point. And if you have insurance at that moment, you will be protected from emergencies

Yes getting ur property or wat u value most issue is good cuz we never can tell wat happen the nxt minutes. Imagine a man wit fortunes losing everything, can b fire, can b accident or wat ever, but wen these is been ensure, u re covered.

People wont really be seeing its importance not until when disaster and problems do arise on which people would really be just that skipping on availing or getting some insurance because they will really be that mainly thinking that it is really just that ad up to expenses on which this is really that partly true since we would really be  thinking that we wont really that easily get sick or ill on which you will really be having in mind that insurance companies are really that making money instead, and this is why we would really be thinking that its not really that necessary on getting one and it isnt really that comes cheap. Just we do all know that there's no guarantees when it speaks to future situations or things that do happen on which anything could really happen along the way and there's no assurance that you will be not facing up some emergencies or illness on your life time.
Come to think that we do all gets old and our body will really be that prone to illness or whatever it would be, plus having those unexpected situations which would be leading into accidents.

Bare in mind that not all the time we do have that money that we could be able to spend on. If there is, but once you do get some severe or critical health issues then those savings in banks would really be that entirely
be depleted or would really be that something will come short. This is the moment that you will really be having those realizations that having some insurances will really be that something relevant or helpful.
People will really be having those regrets when they are on such difficult situation and not considering on the moment that they are just that still fine.

Right. Insurance is very important in life because anytime we can face an accident ,So should be prepare for that kind of situation. But there many fake insurance agents which give wrong information to the clients and they made talktive  statements and when any mishap accurs ,the family got no much profit as that agent said to them. And I will suggest to the people to do your research about the company and their rules and their background and the persons detail who are running that company.If you will research  you will reach to the best companies which are  doing great and they will give more facilities in any emergency situation if you entrapped in that.

Insurance plays an important role in our lives. Because insurance ensures financial security for your loved ones, which helps you plan for the future. It even helps you and your loved ones in times of need. Also, the financial loss caused by an unexpected death can be largely covered by an insurance plan

Insurance is super important if you rely on your assets for income. I’ve seen how unexpected events can really shake people financially, and insurance can make a huge difference when things go wrong. Whether it’s your business, car, or health, having that coverage gives peace of mind and helps you bounce back faster.

When I was looking for the best insurance, Vakuutus24 made it easy to compare options. It’s a free service that helps you find the right insurance products and companies from a wide selection, so you can find what fits your needs.

Insurance is definitely an important system I think. If u talk about insurance then I would say all types of insurance are good. It is definitely a good thing that we can deposit a part of our income there and spend it as per our needs. We can get through our tough times well with insurance money right away. Because our days don't always go the same way and we don't always have the same income, this insurance is definitely important for us.

But look at the futures of the place where you will insure and look at their activities and then move towards the insurance transaction with them. We need to find a trusted and good insurance.

I share the insurances that are currently in operation in my country. 1: Life Insurance 2: Health Insurance. I can see these. And I think they are a very important part of our life.

What I am experiencing now is health insurance because I need it for my sick child. However, I can immediately overcome it because there is an insurance party who is willing to help me to take care of it more quickly when the files are requested by the hospital. So it is very clear that health insurance and accident insurance have become part of important insurance before we have an accident or illness so that everyone must make it when they are still healthy or when they are still fine.

this one is the truth, insurance is great as long as the benefit outweigh the price, but we can also overspend money for insurance.
people also need to be reminded that insurance company are profit seeking company not some charity, some also like to make things difficult for the sake of managing company expenditures so to not overspend, I'm sure these insurance companies also have their own yearly target of profit as well that grow larger every year and we all know how bad it can be.

always consider insurance like an ordinary transaction, go on with the deal as long as it benefits both parties.

Finding the right and proper insurance should also be taken into consideration. Besides, indeed, we need insurance, but many insurers are just chasing the premium only, but don’t want to be responsible if we face any problems. Agree, having insurance at least gives you peace of mind in any respect and will at least reduce the burden that we have to personally bear when we do need it.
But we still should be selective, peaceful choose insurance and adapted to our situation as well.

You see this two insurance that you mentioned, they are vital insurance that need to be taken seriously. Because most atimes, when you have such accidents or other health issues they are mostly emergencies and in some cases you will find it very hard to figure a solution to it, but atleast if you have insurance on them then you are covered. but some people tend to find it very difficult to understand, that is why they always fall victim of debt when they found themselves in emergency.

You see, accident is been classified in various ways it can be a fire accident, that will involve your properties, it can still be a road accident, that might affect your health, property, and even life. That is why I classify it as a vital insurance, but the most important one is health insurance, even if you can afford joining the both insurance try and get a health insurance because you will never know what will happen in the future.

Insurance sounds great but in some of the examples you give, it is often the case that an insurance company has no interest in offering products to cover the situation or price them so highly that they outweigh the benefit. If you have a subsistence farmer making $5k a year in an area with many risks - theft, drought, disease, etc. then it may be uninsurable at a reasonable price. The farmer may simply have to keep enough in reserve to rebuild themselves, which is a challenge and such a buffer can quickly be eradicated. You speak about life insurance in the cab driver example, which again - the older you get, the more expensive it gets and if you are diagnosed with a condition you are unlikely to be able to pick up any cover at that point.

In my area there are only two insurances that are more dominantly chosen by most people, namely accident insurance and also health insurance so that both insurance models are still quite advanced at this time. And I have also appealed to some people who do not have the two insurance models to be able to have them from now on so that they are not so bothered when they have to face difficulties when an accident occurs and also when they have to seek treatment at a fairly expensive cost.

Insurance is mainly made for the purpose of dealing with perils.  When a family faces financial problems, insurance becomes a good way to overcome those financial problems. If someone meets with a serious accident and needs money for the treatment of that accident, life insurance comes in handy for that person. Agriculture insurance and livestock insurance becomes very important for someone who needs to buy livestock and agricultural equipment.  Therefore, when a person needs money at any time in his life, insurance can be useful for him.

Insurance is a backup of life, that is, if we come to some stage of life and face very important problems, if there is no other economic way, then insurance can play an important role in solving all those economic problems. Moreover, if we can save a little extra while spending in our daily life, it will surely be a safe savings for our later life. Moreover, if we want to invest in Bitcoin, then we can invest that money in Bitcoin by breaking our insurance. Also we can secure the future of our children with personal insurance especially life insurance and we can use that insurance to do something good in their future.  So insurance is not bad at all but insurance will play a very important role for our safe future.

the need to choose the right insurance, for us to use when experiencing unwanted and unexpected things, but it should be remembered that choosing the right insurance requires precision, it is important to have insurance because it will provide peace of mind in terms of finances and it can benefit us personally.

To make bitcoin or other assets that have a price fluctuation I think it's not ideal, because after all the accident or anything that hit our health cannot be predicted, the problem is what if Bitcoin is in the bearish phase and you happen to buy bitcoin or other assets at high prices, but When Bitcoin is taking a fairly deep price correction, of course your money will be lost because the Bitcoin value decreases in a certain phase, this will be a difficult decision in my opinion.
If you think again, although the assets can provide long-term benefits because it will continue to increase in price, but that is not the right decision if it is made an alternative insurance.

Yes it is a labor insurance, such as in my country, all workers are required to have insurance, but usually this is guaranteed by the government directly, or can be said not just a private insurance company.

Investing is investing, it cannot replace the role of life insurance in your life. If you buy life insurance and unfortunately have an unexpected accident, you will definitely be treated and the insurance company will have to pay. Meanwhile, what happens if you get into an accident and your bitcoin investment is at a loss? There is no guarantee that investments will always give us profits and we can easily use them even in an emergency.

Insurance companies can go bankrupt but our investments can also lose, everything has its own risk. But buying life insurance is to prevent emergencies of accidents and illnesses, while we invest with the purpose of earning more money. I don't see how these two things are related.

That's why everyone should be smarter in choosing insurance so that when we face an accident, illness, or disaster, the insurance we need can be there immediately and on time. Because now there are also so many fake insurances that can make people who are not careful in choosing them go to the wrong insurance company. So because we already know what insurance is for, of course we ourselves should not trust insurance companies carelessly if the company's data is still unclear.

Insurance is key because it acts like a financial backup when unexpected things happen. Here’s why it matters:

- Covers the unexpected: Whether it’s an accident, illness, or property damage, insurance helps you handle costs that would otherwise hit hard.
- Peace of mind: It’s reassuring to know you’re covered, so you don’t have to stress as much about financial surprises.
- Financial stability: It helps keep your finances on track if something goes wrong, so you don’t have to deal with major lifestyle changes.
- Legal requirements: Some insurance, like car or home insurance, is legally required in many cases.
- Business protection: For businesses, insurance shields you from risks like property damage or liability claims that could hurt your operations.

Here are some common types of insurance:
- Life insurance: Pays out to beneficiaries if something happens to you.
- Health insurance: Helps cover medical costs.
- Auto insurance: Covers accidents and car-related damages.
- Homeowners insurance: Protects your home and belongings.
- Renters insurance: Covers personal items if you’re renting.
- Business insurance: Protects your business from risks.

Having the right insurance helps keep you and your loved ones financially safe and gives you some peace of mind.