4 by jelonae


									What Is Insurance and Why Do You Need It?

In this day and age, it is essentially a requirement to have insurance on
all aspects of your life. If something in your life is not protected by
some form of insurance, then you are basically submitting your life to
Murphy 's Law and something negative will happen to it. Insurance is a
wise decision as most people cannot afford to replace the items that they
have insurance on. With insurance, you will have the piece of mind that
your belongings will be protected or replaced in the event that something
terrible happens to them or they get stolen. Many things in life are out
of your control, however you have the ability to protect what is most
important to you by having insurance.

There are numerous types of insurance; although the most common types of
insurance are those that cover one's vehicles. These vehicles can range
from a motorcycle to a car or truck to an RV. Whatever the vehicle is
that you want coverage on, you must be sure that you are completely
knowledgeable about the different types of coverage that are out there.
Most insurance policies will come with some sort of a deductible in case
of an accident. Insurance companies require that you pay a deductible of
anywhere from two hundred and fifty dollars to one thousand dollars or
more so that they know you are not trying to file a false claim just to
get the insurance company to pay you for something that did not happen.

Insurance companies that offer health or life insurance are essential in
the protection of one's health and livelihood in the event of an illness.
Health insurance companies have long been regarded as the bad guys of the
insurance world. However, if you shop around, you will more than likely
find that they are simply trying to protect themselves from fraud in many
instances. Life insurance is generally seen as something that is only for
those who are wealthy. The companies that provide life insurance require
a monthly payment from someone who is paying into a life insurance policy
in the event of their death to support their loved ones. In some
instances, someone may take out a life insurance policy on a relative in
the event of their untimely death. This policy is often used to cover
funeral costs and other expenses.

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