FITNESS INSPIRATION – AVERY

One of the primary reasons people buy insurance is to protect against potential significant financial losses. For instance, health insurance can cover costly medical bills, auto insurance can cover repairs after an accident, and life insurance can provide financial security to your loved ones after your demise. Without insurance, these unexpected expenses could lead to financial ruin.

However, some argue that insurance is a waste of money, especially when claims are not made. It’s true that you may pay premiums for years without ever making a claim, but this perspective overlooks the fundamental purpose of insurance – protection against risk. The peace of mind that comes from knowing you’re covered in case of unexpected events is invaluable.

Moreover, certain types of insurance are legally required. For example, auto insurance is mandatory in most states, and mortgage lenders typically require homeowners insurance. In these cases, going without insurance isn’t an option unless you’re willing to face legal consequences.

It’s also worth noting that insurance isn’t just about covering losses. Many insurance policies come with added benefits. For example, some health insurance plans offer preventative care services, and auto insurance policies may provide roadside assistance.

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