Speaking honestly, we all know that nobody likes to buy insurance. Especially in today’s economy, we all want to save money. There are a lot of things that you can do with your money besides spending it to cover something that you hope doesn’t happen and may never happen. But, can you put a price on peace of mind?
Truthfully, most people buy insurance because they have to. Many people only buy what is required or absolutely necessary; however, you should always buy the proper amount.
Some people try to save money by reducing their insurance coverage. Unfortunately, if you under-insure your home and ever have to file a claim, you may have to pay a co-insurance penalty. It actually costs less to be properly insured in the first place.
Insurance is really a financial safety net. You can’t predict the future, but you can protect yourself from any unfortunate occurrences.