Lifestyle

Importance of insurance

24 Feb 2023

2 minute read

Importance of insurance

If you’ve clicked on this despite the mundane topic of insurance, we're so glad you’re here! And don’t leave us yet, because we want you to know that insurance reaches a lot further than just another bill to pay. In fact, it could even rescue your entire life savings down the track! But fear not, we are here to help you understand why you might want to consider adding insurance to the books 😎. 

 

Better to be safe than sorry! 

It’s a bird! It’s a plane! Nope…it’s insurance saving the day 🥳. You’d be surprised by how much you could save by not forking out a lump sum if you were to be in the unfortunate situation of falling ill, wrecking a vehicle or losing assets in a disaster. Believe it or not, some insurance companies even have savings and investment plan options. In order to choose the right insurance for you, consider the requirements, the benefits and if the premium works within your budget. Because no matter what, insurance has you covered. 

 

Financial security  

The path to financial security won’t always happen overnight (unless you win the lottery 💸). Think of insurance as a risk management strategy. It’s going to protect you against catastrophic financial losses, regardless of what the cause may be. So, ensure you include insurance in your financial plan because you need to know how you’re protected if things go south.  

 

Because… life happens  

Moving into a house this storm season? Skiing in the Swiss Alps this winter? We’re not sure, but we know that life has risks. A few years of savings can vanish within seconds after one unexpected event. Even if your reality right now seems like nothing could go wrong, unfortunately, you can’t control the future. Most people assume insurance is an unnecessary expense, but in order to feel confident about your life and your assets, we promise that paying the little extra could dramatically help unexpected long-term costs and ease the stress of…well, life 🙌. 

 

Think of insurance like a superhero cape. It may not give you flying abilities, but it can come to the rescue from time to time. We recommend doing your research to determine what kind of insurance is a priority for your life. Going on a holiday? Travel insurance is worth looking into. Own a home? Home and contents insurance is probably ideal. Prone to medical issues? Private health is worth every penny!