Before giving the reasons why we should have a policy or the benefits of buying insurance, let us make a brief account or remember a bit that it is insurance. Technically, insurance is not more than a contract between two parties, the policyholder, who will be the person in charge of paying the purchase of the policy, and the insurer, who is obligated to do certain things with the policyholder.
However, the insured is the center of this insurance contract because he wants to protect goods from his estate or even to insure his life. We also clarify that the policyholder (the one who pays) can be the same insured person or can be someone else; for example, a father (policyholder) who buys insurance to protect his children (insured). It is also essential to clarify the obligation acquired by the insurer, being particularly important to the insured since the insurer is the one who pays, in case of an accident or accident, all obviously under the legal framework of the contract that we already mentioned.
After this brief technical introduction, now if we enter the matter and see the importance of buying insurance from specific points of view.
Benefits of Buying Insurance
In our daily life and activities, we develop actions that put at risk our heritage (the assets that we acquire with so much effort), our health, and even our own life and the future of our family.
In the face of this series of risks, we must protect ourselves, and understanding that we cannot walk around with armor or inside a bubble, we should better prevent and anticipate unforeseen events that would not only make us have a challenging time but our economic future and our stability affect us.
To make this a bit graphic, let us see examples to which we refer:
Usually, when we start our working life, the first good we want to buy is our car, for which we save with a lot of effort and get into debt, and this is our first important asset, which we appreciate for the service it provides and for the effort it cost us to acquire it. (Calculate the cost of all risk insurance for your vehicle)
However, in daily use, we expose ourselves to being shot or even robbed, and in that case. Will it be easy for us to replace it? Will we let that fruit of our effort be lost that easy? It is possible that if we do not have a car policy against all risks this heritage, which we acquire with so much effort, we lose it from one moment to another, since the insurer’s obligation, in this case, will be to replace our assets.
Let us go with another example: shortly after buying our car and as we grow, the next good that we all want to obtain is a house, for which we work even harder, we save harder and get into debt, we invest our severance until We did it, but even this house is not exempt from a flood, fire, earthquake, or robbery. And what happens? Will we let our capital, our most important asset, our family’s home, disappear or be lost from one moment to the next without being foreseeable? The most straightforward answer for this case is an insurance policy that protects our home, with protections (coverage) to the property and its contents.
Finally, and not to dwell on examples that reach the same conclusion, let us talk about why buy life insurance. After a while, most people desire to start a family; Our goal is to work hard to give them all comforts, meet their needs, and build the future together. We understand then that our income plays a vital role for our family, but what happens if tomorrow I am missing as a head of household? What happens if I finally become disabled due to an accident? Where will these dreams be for the family? And the future of my children? And here, we return to the same but fundamental answer, insurance, in this case, life insurance.
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