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Topic: Insurance is important - page 11. (Read 4381 times)

sr. member
Activity: 1106
Merit: 391
March 23, 2024, 01:13:58 AM
Many people understand the benefits of insurance, but most people choose not to get it because they think that insurance is a scam. This is reasonable, for example in my city, many people here are deceived by insurance, because they took out an insurance policy within a period of 10 years, but during that period they never claimed the insurance policy, and when they wanted to take their money, the insurance company said that The money cannot be withdrawn completely, only 25% or forfeited completely. And many other problems that make the image of insurance in our country not so good, and only rich people want to take it - while middle and lower class people choose to take national health insurance (similar to insurance but with much lower costs) and that's it , for other insurance they do not choose to take it, unless they have to.
Moreover, the majority of people's income here is also limited, so paying for insurance only adds to the burden for them and they choose not to take it.
sr. member
Activity: 1260
Merit: 315
www.Artemis.co
March 22, 2024, 10:56:39 PM
I think individual life insurance is necessary. Insurance provides financial protection in case of unexpected events like accident, illness or natural calamity. About two weeks ago I completely know about the insurance related matter. A neighbor of mine passed away about two months ago, he was the sole earner of his family, the unexpected death left the family helpless. I thought their condition would be worse but after checking last week I found out he had a life insurance policy. Family members are now trying to change their situation with this insurance money. However, it is very important to insure for the future.
That's exactly the main goal and importance of having insurance. Especially for those who are a breadwinner, their family will have a hard time if ever something happens to that person. At least, if ever you are insured to the insurance your family can adjust and receive financial support from the insurance you invested at an early age.

It's also important to realize and invest early as much as we can. The more we grow older, the higher the amount of insurance we need to pay. That's why at a very young age or the moment we start working and we think we can manage to initiate having insurance, do it.
full member
Activity: 448
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March 22, 2024, 09:25:58 PM

Yes, insurance is very important for us and our family. Especially we should all insure for the future. Generally by insurance we mean contract. Legally the contract between two parties is called insurance. There are different types of insurance such as;

1. Life insurance
2. Home insurance
3. Vehicle insurance
4. Life Insurance
5. Fire Insurance
6. Travel insurance
7. Health insurance

Life insurance provides financial security.

I think individual life insurance is necessary. Insurance provides financial protection in case of unexpected events like accident, illness or natural calamity. About two weeks ago I completely know about the insurance related matter. A neighbor of mine passed away about two months ago, he was the sole earner of his family, the unexpected death left the family helpless. I thought their condition would be worse but after checking last week I found out he had a life insurance policy. Family members are now trying to change their situation with this insurance money. However, it is very important to insure for the future.
full member
Activity: 322
Merit: 211
March 22, 2024, 04:22:58 PM
Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.
Yes, insurance is very important for us and our family. Especially we should all insure for the future. Generally by insurance we mean contract. Legally the contract between two parties is called insurance. There are different types of insurance such as;

1. Life insurance
2. Home insurance
3. Vehicle insurance
4. Life Insurance
5. Fire Insurance
6. Travel insurance
7. Health insurance

Life insurance provides financial security.
  Insurance is important for individuals, businesses, and society as a whole. Insurance provides financial protection against unexpected events, such as accidents, illnesses, and natural disasters. Insurance provides financial protection against unexpected events that can be costly, such as car accidents, medical emergencies, and property damage. Without insurance, individuals and businesses may have to bear the full financial burden of these events, which can be difficult or impossible to manage. Having insurance can provide individuals and businesses with peace of mind, knowing that they are protected against unexpected events. This can reduce stress and anxiety and can help individuals and businesses focus on other important priorities, such as their health, work, and family.
  Without insurance you are taking on all risks of tragedy. For a relative small fee, you transfer all that risk to an insurance company. insurance is important because it provides financial protection, transfers risk, provides peace of mind, helps with legal compliance, ensures business continuity, and has a social benefit. Insurance can be a valuable tool for individuals and businesses in managing risk and protecting against unexpected events. By paying premiums to insurance companies, individuals and businesses can protect themselves financially and focus on other important priorities in their lives.
full member
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March 22, 2024, 04:21:42 PM
Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.
Our interests should be the first thing on our lists, notwithstanding the dangers that follows. We're humans and there's a whole lot of activities to protect ourselves from because standing tall means we're up and ready to face anything in the system. I know it's never an easy job to hold tight but some scenario demands it, atleast we're hoping for greater heights. Insurance is top priority for everyone of us.
hero member
Activity: 1176
Merit: 543
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March 22, 2024, 03:33:59 PM
insurance is really very important for someone, just imagine if someone had an accident and he didn't have savings and insurance to cover his medical costs, there certainly wouldn't be a hospital that would accommodate him because he didn't have anything to pay for his treatment and there was no guarantee that he would can pay the bill. and because of this, insurance is very important for a person, so that when he experiences an incident, there is a party who will be able to cover his medical costs.

in my country, the government has created a health system like insurance where each person only needs to pay 3 usd to 10 usd every month and they will get facilities such as insurance which can cover their medical costs when they experience an incident, illness or just a normal health check. it is available nationwide, meaning one only needs to show their health card and they can get the facility at the nearest hospital. it's really very helpful.
I know people that had lost there houses to natural disaster and the only way they could get compensation is through the insurance they did on there households. We don't know what could be the problem and that is why we need to do insurance because this is the backbone of our assets. There are still regions where insurance is not taken seriously but the people there have to try there possible best to make sure they protect there assets or else they would have to bear the loses if anything ever happens. It is very important and we all need to go for insurance to protect our physical assets.
hero member
Activity: 2058
Merit: 710
March 22, 2024, 02:42:52 PM
Among other insurances, Health insurance is indeed a top priority to have because in case of emergency and any circumstances, we have health card that we will use in any hospitalization and medication because we all know how expensive hospital bills nowadays. I agree that having an insurance is a little bit expensive especially if a person's salary is enough for their daily needs only that's why it's important to pick which one is the priority. I hope everyone can add this to their list of their budget because this will help us in the future.
If you want to add several options and insurance to your personal life, I also hope that everyone will add health insurance as their main option. Because at least we can still have the opportunity to do other things when our body can return to health after experiencing an emergency or serious illness that cannot be handled easily by ourselves. This really needs to be realized from the start because when a person has a healthy body, of course it will not be so difficult for him to do more work in his own life.
sr. member
Activity: 392
Merit: 350
March 22, 2024, 09:17:46 AM
Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.
Yes, insurance is very important for us and our family. Especially we should all insure for the future. Generally by insurance we mean contract. Legally the contract between two parties is called insurance. There are different types of insurance such as;

1. Life insurance
2. Home insurance
3. Vehicle insurance
4. Life Insurance
5. Fire Insurance
6. Travel insurance
7. Health insurance

Life insurance provides financial security.
full member
Activity: 656
Merit: 104
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March 22, 2024, 08:56:46 AM
Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.
sr. member
Activity: 2604
Merit: 338
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March 22, 2024, 08:38:57 AM
insurance is really very important for someone, just imagine if someone had an accident and he didn't have savings and insurance to cover his medical costs, there certainly wouldn't be a hospital that would accommodate him because he didn't have anything to pay for his treatment and there was no guarantee that he would can pay the bill. and because of this, insurance is very important for a person, so that when he experiences an incident, there is a party who will be able to cover his medical costs.

in my country, the government has created a health system like insurance where each person only needs to pay 3 usd to 10 usd every month and they will get facilities such as insurance which can cover their medical costs when they experience an incident, illness or just a normal health check. it is available nationwide, meaning one only needs to show their health card and they can get the facility at the nearest hospital. it's really very helpful.
You would really only see its importance on the time that you would really be able to face up some struggle which it would really be that too common on someones behavior on which they would really be making out such actions on the time that they've seen that they are already on such tough condition. You would really see its value and relevance on the time that you dont have anymore money that you could pull out into your pocket
on which you would be having those thoughts that if you do have just some insurance then you wont really be having the problem when it comes to financial assistance or whatsoever.
Insurance is important because we dont know on what would happen in tomorrow on which it would really be just that wise that you should really be minding about security for you and with your family.
Yes, you would really be banging up your head or punching up the wall on why you have missed out on getting some insurance but well its already too late and the accident has been done. You are definitely right
that its really that scary that you arent that been prepared for whatever thing that might happen ahead and we do know that not all the time we do have money or savings for paying up those possible expenses
on which you could really bring up shortage of funds on which same you have said that you would be able to realize its importance when it isnt there.

This is why it would be always best on securing it at least on which you would be able to have that kind of assurance and you could really be able to sleep well at night.
sr. member
Activity: 2226
Merit: 347
March 22, 2024, 08:01:59 AM
insurance is really very important for someone, just imagine if someone had an accident and he didn't have savings and insurance to cover his medical costs, there certainly wouldn't be a hospital that would accommodate him because he didn't have anything to pay for his treatment and there was no guarantee that he would can pay the bill. and because of this, insurance is very important for a person, so that when he experiences an incident, there is a party who will be able to cover his medical costs.

in my country, the government has created a health system like insurance where each person only needs to pay 3 usd to 10 usd every month and they will get facilities such as insurance which can cover their medical costs when they experience an incident, illness or just a normal health check. it is available nationwide, meaning one only needs to show their health card and they can get the facility at the nearest hospital. it's really very helpful.
You would really only see its importance on the time that you would really be able to face up some struggle which it would really be that too common on someones behavior on which they would really be making out such actions on the time that they've seen that they are already on such tough condition. You would really see its value and relevance on the time that you dont have anymore money that you could pull out into your pocket
on which you would be having those thoughts that if you do have just some insurance then you wont really be having the problem when it comes to financial assistance or whatsoever.
Insurance is important because we dont know on what would happen in tomorrow on which it would really be just that wise that you should really be minding about security for you and with your family.
full member
Activity: 868
Merit: 202
March 22, 2024, 04:28:51 AM
insurance is really very important for someone, just imagine if someone had an accident and he didn't have savings and insurance to cover his medical costs, there certainly wouldn't be a hospital that would accommodate him because he didn't have anything to pay for his treatment and there was no guarantee that he would can pay the bill. and because of this, insurance is very important for a person, so that when he experiences an incident, there is a party who will be able to cover his medical costs.

in my country, the government has created a health system like insurance where each person only needs to pay 3 usd to 10 usd every month and they will get facilities such as insurance which can cover their medical costs when they experience an incident, illness or just a normal health check. it is available nationwide, meaning one only needs to show their health card and they can get the facility at the nearest hospital. it's really very helpful.
legendary
Activity: 3276
Merit: 1029
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March 21, 2024, 08:56:06 PM
If there is a risk, there should be insurance. In some cases, we don't know whether there will be a risk or not, so there is hesitation about whether insurance is necessary. Insurance is sometimes effective in covering losses that we did not foresee. That is why its benefits are so great.

Insurance costs are not the same in every country, so the number of people who use different types of insurance varies from country to country. In the country I live in, insurance prices are very expensive and very few people insure many things. If these costs were lowered, the number of people taking out insurance could increase.
kinda easy to determine whether insurance is necessary or not by simply judging the risk accompanied of certain activity like for example working in construction it will definitely need an insurance just in case, its the word "just in case" thats always motivate me to find insurance that covers me just to avoid the worst scenario I mean nobody can know when they will face certain disaster having insurance that helps to lift some heavy weight off our mind is definitely helping a lot even though we need to pay some amount of money but as long as its really helpful then its not gonna be a problem.

it will become a problem if the insurance company is shady that they trying so hard to make any disaster we are facing not covered by the insurance by then you better off change your insurance company since they just gonna overcomplicate your future life by being entangled with random shady company like that, choosing a good company is the key too.
hero member
Activity: 882
Merit: 792
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March 21, 2024, 04:42:14 PM
I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

I completely agree with you, insurance is necessary and I even think that the fact that insurance is mandatory in Europe, is a very good step. For example, we all have car insurance and when there is a car accident, there is no fight between drivers, people shake hands and go on their way.
Every business needs insurance, especially farmers and it doesn't matter if there was a flood in the recent 15 years or not. The fact is, things happen and no one can predict the future. Many farmers, especially in poor countries hesitate to insure their business because insurance requires also lots of money and when years pass and nothing happen, then business owners think that they wasted years of insurance money and it was a bad decision. Insurance has pros and cons, everyone wants insurance when something bad happens but when things go well and there was no need of insurance usage, they hesitate to pay and even regret that decision.
hero member
Activity: 966
Merit: 764
March 21, 2024, 04:08:58 PM
Insurance saved me from extra large expenses two times already.

Once aircraft operator lost my luggage when I travelled for skiing. If I would have to buy skiing boots and other equipment, plus do it for two persons, on the spot in a Austrian ski village, I would have spend thousands. Instead insurance that cost around 30 EUR per person covered everything.

The other is the case when neighbors washing machine that lives above me had broken (the hose got deattached from the machine) and for whole working day the water flooded through my flat all the flats below me. When the «house maintenance representative» (dont know how to call him correctly, a person who is responsible for keeping up the house) came, he has pointed that I had to change wallpapers in two places and «around 2m2 of laminate. While the whole flat was destroyed and I had to change all the floor and electric wiring (the water was flooding mostly from electric sockets, and the water pressure was so strong, that it has dropped tv). Again, it would cost thousands to repair all that, while I paid only 100 EUR annually for insurance.

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.
Insurance is wonderful, but people are always avoiding insurance deductions, but they forget how important it is to have your belongings covered so that if something happens to your automobile, whether it is an accident or not, it can be fixed or replaced. Based on what you've said, I'm hoping that it will motivate many individuals to insure their belongings. Look at the whole water issued that occurred and the estimate that was give to to fix the house and look at what you ended up paying just hundred EUR annually that money paid now will be used for fixing. And you have really benefited from insurance. Especially in my country people don't take insurance seriously. Is high time we start encouraging people to go into insurance not for anyone but for their own good. Things that the insurance company would have fixed like you said they will want to fix it with there money just because they want to avoid paying money to insurance companies.

If there is a risk, there should be insurance. In some cases, we don't know whether there will be a risk or not, so there is hesitation about whether insurance is necessary. Insurance is sometimes effective in covering losses that we did not foresee. That is why its benefits are so great.

Insurance costs are not the same in every country, so the number of people who use different types of insurance varies from country to country. In the country I live in, insurance prices are very expensive and very few people insure many things. If these costs were lowered, the number of people taking out insurance could increase.
sr. member
Activity: 952
Merit: 391
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March 21, 2024, 03:43:15 PM
Insurance saved me from extra large expenses two times already.

Once aircraft operator lost my luggage when I travelled for skiing. If I would have to buy skiing boots and other equipment, plus do it for two persons, on the spot in a Austrian ski village, I would have spend thousands. Instead insurance that cost around 30 EUR per person covered everything.

The other is the case when neighbors washing machine that lives above me had broken (the hose got deattached from the machine) and for whole working day the water flooded through my flat all the flats below me. When the «house maintenance representative» (dont know how to call him correctly, a person who is responsible for keeping up the house) came, he has pointed that I had to change wallpapers in two places and «around 2m2 of laminate. While the whole flat was destroyed and I had to change all the floor and electric wiring (the water was flooding mostly from electric sockets, and the water pressure was so strong, that it has dropped tv). Again, it would cost thousands to repair all that, while I paid only 100 EUR annually for insurance.

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.
Insurance is wonderful, but people are always avoiding insurance deductions, but they forget how important it is to have your belongings covered so that if something happens to your automobile, whether it is an accident or not, it can be fixed or replaced. Based on what you've said, I'm hoping that it will motivate many individuals to insure their belongings. Look at the whole water issued that occurred and the estimate that was give to to fix the house and look at what you ended up paying just hundred EUR annually that money paid now will be used for fixing. And you have really benefited from insurance. Especially in my country people don't take insurance seriously. Is high time we start encouraging people to go into insurance not for anyone but for their own good. Things that the insurance company would have fixed like you said they will want to fix it with there money just because they want to avoid paying money to insurance companies.
legendary
Activity: 3094
Merit: 1127
March 21, 2024, 02:08:17 PM
100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.
It isn't if one has a stable source of income and can afford to save enough money to be able to cover that. So someone who can afford it should never hesitate to get insurance for everything possible because life and things in this world are unpredictable, we never know what might happen in the next moment, so if you have everything insured, you won't be worried much even if there is any sort of problem including your health.

I have seen a lot of people getting in trouble at a lot of occasions and then them being saved by the insurance company, mostly in cases where people have their cars and houses broken for some reason and as you mentioned, without an insurance, one would have to spend thousands of dollars to get all that repaired.
That's right, for those who have the ability to cover insurance of course they must have it because we all know that in the life we live we cannot predict when we will need insurance and if we already have and experience the need for which we have been insured. Of course we don't have to think about how to solve this problem because we already have insurance that we have paid for and we just accept that what we have insured is fine.

If they have insurance of course they will not experience difficulties when experiencing these needs as you have mentioned and if we don't have insurance of course we have to think about these needs when we experience problems and also have to spend the money we have to be able to fix them of course. This will make it difficult for us when we don't have the funds we have saved and have to try to make ends meet.
We do wish up for a life on having no huge problems or accidents but we do know that there's no assurance that there's nothing that would happen into you. This is why it would really be best that you should be getting an insurance if you do have the budget because nothing beats out that you do think that you have made yourself insured not only you but also with your family and that what brings out that kind of confidence. We do hope
that there's nothing that could happen but since there's no way that we could be able to know on what would happen tomorrow. It is really just that there are people who dont consider on getting one because of some
possible reasons on which they dont able to afford it and some doesnt really care about insurances.

You would really be able to see its importance  when you are on such condition on which these insurances could really give out that kind of usage on which it would be something helpful
in terms of emergencies specially if you do have that shortage of funds in times or emergencies.
sr. member
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March 21, 2024, 01:26:15 PM
100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.
It isn't if one has a stable source of income and can afford to save enough money to be able to cover that. So someone who can afford it should never hesitate to get insurance for everything possible because life and things in this world are unpredictable, we never know what might happen in the next moment, so if you have everything insured, you won't be worried much even if there is any sort of problem including your health.

I have seen a lot of people getting in trouble at a lot of occasions and then them being saved by the insurance company, mostly in cases where people have their cars and houses broken for some reason and as you mentioned, without an insurance, one would have to spend thousands of dollars to get all that repaired.
That's right, for those who have the ability to cover insurance of course they must have it because we all know that in the life we live we cannot predict when we will need insurance and if we already have and experience the need for which we have been insured. Of course we don't have to think about how to solve this problem because we already have insurance that we have paid for and we just accept that what we have insured is fine.

If they have insurance of course they will not experience difficulties when experiencing these needs as you have mentioned and if we don't have insurance of course we have to think about these needs when we experience problems and also have to spend the money we have to be able to fix them of course. This will make it difficult for us when we don't have the funds we have saved and have to try to make ends meet.
sr. member
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March 21, 2024, 04:51:11 AM
If we really have limitations, of course we have to prioritize health insurance first, as you have said, we also won't be able to withstand other needs. If we have to pay for insurance that we don't really need, of course we won't be able to fulfill it. Regarding insurance costs, we have to choose the type of insurance that we really need and we cannot avoid the need for insurance and in my opinion health insurance is very important for us to have even though others are also necessary, but in my opinion the main thing is to have health insurance.
Costs related to health are not cheap and tend to always be expensive so it is not bad for everyone to prioritize them in life and most people will not mind getting health insurance in any way for themselves and their families too. Because of the many important things that must be considered in life, health must be made the main priority in several important things, so it is very feasible to take out insurance against this. However, at this time I have not considered more insurance except just health insurance.

Among other insurances, Health insurance is indeed a top priority to have because in case of emergency and any circumstances, we have health card that we will use in any hospitalization and medication because we all know how expensive hospital bills nowadays. I agree that having an insurance is a little bit expensive especially if a person's salary is enough for their daily needs only that's why it's important to pick which one is the priority. I hope everyone can add this to their list of their budget because this will help us in the future.
hero member
Activity: 2408
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March 18, 2024, 01:08:02 PM
100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.
It isn't if one has a stable source of income and can afford to save enough money to be able to cover that. So someone who can afford it should never hesitate to get insurance for everything possible because life and things in this world are unpredictable, we never know what might happen in the next moment, so if you have everything insured, you won't be worried much even if there is any sort of problem including your health.

I have seen a lot of people getting in trouble at a lot of occasions and then them being saved by the insurance company, mostly in cases where people have their cars and houses broken for some reason and as you mentioned, without an insurance, one would have to spend thousands of dollars to get all that repaired.
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