Topic: Insurance is important - page 15. (Read 4381 times)

Insurance is important,insurance is safety,its like taking your meds to avoid further health breakdown.If something bad happens to your job,your business will assist you to stand on your feet's again.Life is filled with ups and downs,and no one wants to be caught in such wrecking situations and it leaves you with no idea on how to tackle the problem,but with insurance,you're initially secured.There are no two ways about it;it just a tool to enhance economic and financial progress.
  Insurance is the right thing to do as it provides a safety net to many opportunities and financial challenges.

Make sure that when you're putting money in there, you're not going to be tight on money or you lack the budget all the time just to pay all the bills, the best time to do an additional insurance besides your social security is when you've got so much surplus money monthly even after you've spent a whole lot on luxurious stuff, you can also make the sign that you've got enough that you can still travel and still have some money left but if you really do want to have that insurance even if there's not a lot of surplus money, you might want to fix your spending habits and learn to budget and follow it strictly.

This is good advice to buy life insurance and have quality health insurance for your family. Don't listen to the salesman on the whole life policy just go with term insurance. Also health insurance can be expensive just make sure you shop around! In addition to all of these I would recommend AAA lol also probably would recommend a Trust for your family so that your wealth can transfer to your kids tax free

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".

If insurance is considered important it is important but if insurance is not considered important then it is nothing and there is no need for insurance. Insurance is not as safe as banks. If one has a lot to think about in one's life and if one has a lot of plans for the future then a deposit account can be made in a good quality bank which can be withdrawn by a user only when required. 

Earlier in our country to be a biker I had to have bike insurance but now the government has done away with bike insurance that means now a biker doesn't need to have insurance to ride a bike. I consider the insurance companies in our country as unnecessary companies, they cheat people more but are of no use in people's danger.

Although car insurance is not that important I agree with you that business insurance is definitely an important thing because a business has to invest huge amount of money so having an insurance is very important to keep it running.  A car is not very valuable and it doesn't usually have major problems although there is a fear of an accident but it is not very important.  But it will not be bad if one keeps doing it. But business insurance must be carried by everyone who has a business

actually you forgot other insurance like

 - Car Insurance

 - business Insurance

but you are correct that those are the most important as  the 3 stands for our life.

this is also how we will be saved in the future as we knew that not everytime
will favor our plans in life.

If insurance is considered important it is important but if insurance is not considered important then it is nothing and there is no need for insurance. Insurance is not as safe as banks. If one has a lot to think about in one's life and if one has a lot of plans for the future then a deposit account can be made in a good quality bank which can be withdrawn by a user only when required. 

Earlier in our country to be a biker I had to have bike insurance but now the government has done away with bike insurance that means now a biker doesn't need to have insurance to ride a bike. I consider the insurance companies in our country as unnecessary companies, they cheat people more but are of no use in people's danger.

Insurance is very good when you have assets to protect I know many people always get put off by the fees they pay on weekly/monthly or yearly basis depending on negotiations. You might think you don't need it but nobody knows tomorrow. I always encourage people to insure their properties even life.

A friend of mine bought a Toyota Corolla and always complain of paying comprehensive insurance on it that it's been 4yrs now is been paying and nothing has happened to his car but kept on encouraging him that he should continue because no one knows tomorrow but this year went ahead to pay 3rd party insurance and this same year burglars entered their street and ransacked all Corollas in the area taking away everything that matters like brain box, battery etc that cost him 170k to fix back.

Insurance is very good as you might not know when it will save the day and if it doesn't you will you have covered your arses Incase of eventuality

There are different types of insurance and they work in different ways. However, insurances often work in times of danger. So insurance is very important for us. But there are many who don't like it.  But in reality insurance is very beneficial
. Life Insurance
. Health Insurance
. Investment Insurance

I think the importance of these three is very high. These reduce our financial risk a lot. And bad times will support us a lot. So I think everyone should take the services of these insurances

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.

Insurance means to secure lives and property against a future occurrence of uncertain events. When we speak of Insurance, the first thing that comes to our mind is life insurance, health, education, car, and all. Insurance has helped a lot of people, in terms of health and securing properties.

Most people die because they can't afford hospital bills, unemployment is at a high rate because parents can't pay their ward's tuition fees, and transporters go broke because of the accident crisis. A lot of people believe that insurance is only for the rich. No, insurance is for everyone. What is good for the geese, is also good for the gander. Get insured and say no to an untimely death, financial crisis, and unemployment.

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.