Insurance can save you Money!
Insurance is something we all grumble about whether we pay every month, every six months or every year. Car insurance, house insurance, boat or motorcycle insurance, it does not matter. We all gripe about having to pay it, the high cost and the seemingly futility of paying for something that you pray you never need: then one day, blammo!, you need it, and boy are you ever glad then. But insurance, as odd as it might sound, can actually save you money in the long run. How, you ask? Simple.
First, not having insurance on your car is against the law. Get pulled over and you have just racked up fines, court costs and a possible loss of your driver’s license.
Depending on your line of work, having a valid driver’s license, a good driving record and insurance might be a prerequisite. Your lack of insurance may have very well just cost you your job on top of the fines and court costs. Still think insurance is not worth the cost, now?
Or, let’s try this scenario out: you invite several friends over for a little holiday sing a long. In the rush of the evening, you have forgotten to shovel and salt your sidewalk and your steps, and now one of your guests is laying in a hideous heap on the front lawn. Do you have the money to pay for that person’s medical bills out of pocket?
You are responsible, you realize, but you can barely pay your own bills, let alone someone else’s. You try to put this person off for a bit, hoping that they will heal and forget all about the whole incident. Unfortunately, now they have been off of work for too long and lose their job, and to them, this is all your fault and now you are faced with a lawsuit. A good homeowners policy would have covered the medical bills and none of this would be happening to you right now!
Insurance saves you money by protecting you and your investment in the event of an unforeseeable event.
You did not plan to hurt your friend, but your carelessness caused an injury, insurance would protect you. Driving without insurance is a danger even without the cops being involved. What would you do if you hit the only Lamborghini in your neighborhood? You do not want to have to spend the rest of your life paying for one minor accident after all. And lastly, if you wreck your car into your tree causing it to smash into your home, what would you do then? You would have no car and no place to live, and since you don’t have insurance, you have no one to help you replace either. But, at least you saved a few extra bucks each month by not having it, right?
If you just lost your home and your car, how will you get to work each day, and what will you wear?
Insurance is not just saving you money, it is saving you peace of mind. Yes, you do pay for it and then pray not to use it, but it is far better than not paying for it and really needing it somewhere down the line.
