Insurance is important

[LDL]

Insurance is very important cause it help safe guard life and properties, having an insurance is of good value.health wise property wise cause you insurance might sort those your emergency bills that can come up when there is no much fund to sort them out.

However, everyone must also have their own reserve funds to deal with everything that happens to them unexpectedly, although we all do not ignore the need for important insurance in our own lives. However, what we need to understand is that not all insurance companies will cover every cost we need because all of that has rules and mechanisms so that some of the costs we need must also be prepared by ourselves because some of them have been prepared by the insurance company if we already have insurance.

Insurance is a backup of life, that is, if we come to some stage of life and face very important problems, if there is no other economic way, then insurance can play an important role in solving all those economic problems. Moreover, if we can save a little extra while spending in our daily life, it will surely be a safe savings for our later life. Moreover, if we want to invest in Bitcoin, then we can invest that money in Bitcoin by breaking our insurance. Also we can secure the future of our children with personal insurance especially life insurance and we can use that insurance to do something good in their future.  So insurance is not bad at all but insurance will play a very important role for our safe future.

[Nothingtodo]

Insurance is important because it helps protect against unexpected events like accidents, illnesses, or disasters. Without insurance, covering the costs of things like medical emergencies or property damage can be overwhelming. By paying a fee and having insurance, you don’t have to worry as much. In a way, paying for insurance is like paying for a peace of mind. Having insurance certainly makes me feel more secure.

Insurance is mainly made for the purpose of dealing with perils.  When a family faces financial problems, insurance becomes a good way to overcome those financial problems. If someone meets with a serious accident and needs money for the treatment of that accident, life insurance comes in handy for that person. Agriculture insurance and livestock insurance becomes very important for someone who needs to buy livestock and agricultural equipment.  Therefore, when a person needs money at any time in his life, insurance can be useful for him.

[wmaurik]

the need to choose the right insurance, for us to use when experiencing unwanted and unexpected things, but it should be remembered that choosing the right insurance requires precision, it is important to have insurance because it will provide peace of mind in terms of finances and it can benefit us personally.

In my area there are only two insurances that are more dominantly chosen by most people, namely accident insurance and also health insurance so that both insurance models are still quite advanced at this time. And I have also appealed to some people who do not have the two insurance models to be able to have them from now on so that they are not so bothered when they have to face difficulties when an accident occurs and also when they have to seek treatment at a fairly expensive cost.

[Fortify]

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".

Insurance sounds great but in some of the examples you give, it is often the case that an insurance company has no interest in offering products to cover the situation or price them so highly that they outweigh the benefit. If you have a subsistence farmer making $5k a year in an area with many risks - theft, drought, disease, etc. then it may be uninsurable at a reasonable price. The farmer may simply have to keep enough in reserve to rebuild themselves, which is a challenge and such a buffer can quickly be eradicated. You speak about life insurance in the cab driver example, which again - the older you get, the more expensive it gets and if you are diagnosed with a condition you are unlikely to be able to pick up any cover at that point.

[Egii Nna]

the need to choose the right insurance, for us to use when experiencing unwanted and unexpected things, but it should be remembered that choosing the right insurance requires precision, it is important to have insurance because it will provide peace of mind in terms of finances and it can benefit us personally.

In my area there are only two insurances that are more dominantly chosen by most people, namely accident insurance and also health insurance so that both insurance models are still quite advanced at this time. And I have also appealed to some people who do not have the two insurance models to be able to have them from now on so that they are not so bothered when they have to face difficulties when an accident occurs and also when they have to seek treatment at a fairly expensive cost.

You see this two insurance that you mentioned, they are vital insurance that need to be taken seriously. Because most atimes, when you have such accidents or other health issues they are mostly emergencies and in some cases you will find it very hard to figure a solution to it, but atleast if you have insurance on them then you are covered. but some people tend to find it very difficult to understand, that is why they always fall victim of debt when they found themselves in emergency.

You see, accident is been classified in various ways it can be a fire accident, that will involve your properties, it can still be a road accident, that might affect your health, property, and even life. That is why I classify it as a vital insurance, but the most important one is health insurance, even if you can afford joining the both insurance try and get a health insurance because you will never know what will happen in the future.

[lepbagong]

Insurance is important because it helps protect against unexpected events like accidents, illnesses, or disasters. Without insurance, covering the costs of things like medical emergencies or property damage can be overwhelming. By paying a fee and having insurance, you don’t have to worry as much. In a way, paying for insurance is like paying for a peace of mind. Having insurance certainly makes me feel more secure.

the need to choose the right insurance, for us to use when experiencing unwanted and unexpected things, but it should be remembered that choosing the right insurance requires precision, it is important to have insurance because it will provide peace of mind in terms of finances and it can benefit us personally.

Finding the right and proper insurance should also be taken into consideration. Besides, indeed, we need insurance, but many insurers are just chasing the premium only, but don’t want to be responsible if we face any problems. Agree, having insurance at least gives you peace of mind in any respect and will at least reduce the burden that we have to personally bear when we do need it.
But we still should be selective, peaceful choose insurance and adapted to our situation as well.

[JeffBrad12]

Insurance sounds great but in some of the examples you give, it is often the case that an insurance company has no interest in offering products to cover the situation or price them so highly that they outweigh the benefit. If you have a subsistence farmer making $5k a year in an area with many risks - theft, drought, disease, etc. then it may be uninsurable at a reasonable price. The farmer may simply have to keep enough in reserve to rebuild themselves, which is a challenge and such a buffer can quickly be eradicated. You speak about life insurance in the cab driver example, which again - the older you get, the more expensive it gets and if you are diagnosed with a condition you are unlikely to be able to pick up any cover at that point.

this one is the truth, insurance is great as long as the benefit outweigh the price, but we can also overspend money for insurance.
people also need to be reminded that insurance company are profit seeking company not some charity, some also like to make things difficult for the sake of managing company expenditures so to not overspend, I'm sure these insurance companies also have their own yearly target of profit as well that grow larger every year and we all know how bad it can be.

always consider insurance like an ordinary transaction, go on with the deal as long as it benefits both parties.