There's a saying " hope for the best and plan for the worst".
Insurance is very important or you can say a good method that will help you in your bad events or time when no one is helping you, your insurance company come and will pay all your losses. There are many benefits of insurance and those people who have wealth and want to take care of him will take many benefits from the insurance company. However many people who were not aware or did not have their insurance experienced many losses. Like in your story if the woman did the insurance of her farm then the company would pay her losses but unfortunately, she lost her all wealth. This insurance is mostly followed by those people who belong to developed countries but those who are from developing did not hear its name and all this because the government did not bring any company or left it for the advertisements. If we educate people about this and take them to a place where we show them how this insurance will help them Financially when he goes through a hardens they will make the insurance.