Life is unforeseeable and strangely very unpredictable. Even if things are going smoothly for us, in just a few hours, your whole life may be stirred and turn topsy-turvy! Your son takes your car for a casual drive and runs it into a tree, thereby creating an expensive damage! Or if you are walking on the road, you may get run over by a vehicle! These are accidents that may occur any time and to anyone! More importantly, they never come with a warning and the victim or the victim’s family is often left in a lurch and in a state of complete shock! But if you have an insurance cover over your car and life, then you can definitely control some damage. For instance, if you have auto insurance, then you can get your car repaired after it collides onto something! If you have life insurance coverage, then your family will be provided adequate financial protection to sail through the difficult times after your premature and unexpected demise. There are several reasons why one must opt for insurance. Here are 3 of them: i. Financial protection: When something as expensive as a car is on the line, then it is best to get an auto insurance policy. It definitely keeps you financially secure. It is true that you will have to shell out the premium money but the small expenditure will be worth all the protections it will come with. Similarly, getting insured for life also has its financial merits. The money is paid to the kin and kith of the victim in case of sudden or premature death. ii. Peace of mind: When you have the knowledge of being insured then you definitely enjoy some peace of mind. Thus, if your car is insured, you won’t be over-worried about any external damage that it may suffer. Similarly, getting life insurance helps you to sleep in peace. You know that if something happens to you, then your helpless little children and your lone wife would get monetary compensation. Money may not bring down their sorrow, but will help them get over the troubled times. They, at least, won’t have to sell the house or quit their education to manage funds! iii. Affordable: Contrary to prejudiced notions, buying an insurance policy is very affordable. Had it been expensive, then nobody would have cared to opt for it. The chief reason why some people do not take up a policy is not because of financial constraints but because of the overconfidence that nothing is going to happen to their life or to their car. It is owing to such wrong conceptions that one is left to regret towards the end. If you can afford to buy a car, then you can certainly afford to take auto insurance. Similarly, if you can just spare a small sum of money every year, then getting a life insurance won’t make any significant difference to your budget. Keeping all these reasons in mind, one can say that not buying an insurance policy will be a very imprudent and possibly a regrettable decision. About the Author This article is written by Herry Disuza on behalf of Jitinsurance where you can find auto insurance, life insurance and many more.
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