Insurance

The importance of having insurance and making life simpler

What we all know is that unforeseen events happen. Who has never had a flat tire, a burnt shower or been locked out of the house?

Furthermore, there are huge unforeseeable catastrophes, such as a traffic accident, a house invasion and robbery, or needing to miss work due to a personal incident. It may appear to be an exaggeration, yet we are aware that such events may occur.

So, if you wish to live a lighter life, keep reading this post to learn about the importance of obtaining insurance.

How important is it to have insurance?

Understanding the importance of having insurance is actually quite simple. Most people struggle for years to have their things and have a stable life, acquire assets and settle their finances. So taking the risk of seeing everything you’ve achieved go away from one moment to the next is not a pleasant idea.

And this is where the importance of having insurance comes in. Who doesn’t want to live peacefully, without having to worry every second about what might happen?

Being sure that your assets are protected, that your family will have financial support or that your business is free from major losses is a great relief. So why suffer? Wouldn’t it be best to take precautions?

Many people think that paying for insurance is throwing money away. But think that insurance works like health plans. Most of the time, we pay, with the intention of not needing it. But having that support in times of trouble makes all the difference.

How does insurance work?

Simply described, insurance is a contractual agreement between an individual or legal body and an insurance firm. Whoever purchases insurance pays a fee, known as a premium, to the insurer, who subsequently undertakes the risk of any harm to the object of the policy, a document that formalizes the arrangement.

The risk assumed by the insurer and how much it will pay the insured in the event of an accident, a term given to the types of unforeseen events covered by the policy, use several variables to be calculated.

The main types of insurance

Life insurance

Life insurance aims to protect the insured and their family in an economic and financial way. It guarantees compensation to the beneficiary in the event of the death of the insured. Although it is a somewhat delicate subject, it is necessary to think about this type of situation. The compensation in these cases will help the family in a difficult time, where sometimes the insured was the only source of income for the household.

Car insurance

Vehicle insurance, as well as motorcycle insurance, and even property and vacation insurance, serve as a kind of protection for the owner in the event of an accident or theft. The Insured pays a monthly payment (which can potentially be annual) to be eligible for reimbursement if a problem arises with the automobile.

Home insurance

With residential insurance you will have your home protected against events such as: fire, windstorm, lightning, theft, electrical damage, collapse and even damage to third parties, among others. If any of these things happen, the insured is compensated.

Travel insurance

Travel insurance operates similarly to a temporary health plan. It guarantees compensation for a variety of conditions and accidents. This sort of insurance is always valid for the number of days specified in the contract, based on the amount of time you will spend traveling, and as agreed upon.

Travel insurance protects you from unexpected expenditures, such as medical or pharmaceutical bills, which may be quite costly while traveling overseas.

Assistance services

Assistance are services that most insurance companies offer and can be attached to your policy. When the insured person takes out insurance coverage, in these cases, they are entitled to some services that will help in times of difficulty.

See some examples:

Keychain

Having trouble getting into the house? Do you know how expensive locksmith services are these days? This is a service included in most policies and you only know how much you saved when you need one.

Electrician

The shower broke down and the house’s power supply system failed. If you don’t have the slightest ability to deal with this type of task, having this type of assistance in your insurance will save you a lot.

Plumber

Let’s say a pipe burst in the kitchen or there’s a leak that could even flood your home. How do you know which plumber to call? You can’t trust if you don’t know, right? At these times, having this type of service as an extension of your insurance will certainly make your life easier.

Glazier

He broke a window in the room, in the door. Leaving the place subject to rain, cold and even unprotected is never a good option. But having a hand, support to solve this type of problem, with just one call, would be great, don’t you think?

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