Is Insurance Worth it?

Life is very unpredictable. There are a lot of things that could happen, and a big portion of those things isn’t something in your favor. The way that society is constructed in the modern era is that everything is very organized, systematized, and has a place. Wading through such systems requires a very high level of meticulousness and focus. Whether you’re an individual, a family, or a business, life nowadays is taking a very hard turn to establish yourself. Because of the unpredictability of life, certain safeguards have been created and implemented throughout society. National governments, peace treaties, and even multilateral agreements have been made just so that everyone can live in harmony.

How about unforeseen events on a microscale? Getting into car accidents, being injured, and house fires are some of the things unprotected by the national government. How do people protect themselves from that? How do businesses shield themselves from sudden factory accidents? Perhaps get something like a Chase business account and secure a loan? That’s one thing, but there are other ways you can do this. Securing insurance on different things could be very beneficial as well.

What is insurance?

Insurance is a very complex system that protects people, individuals, and businesses alike from different unforeseen circumstances. In its basic definition, you essentially make a contract with an insurance company where you pay them on a timely basis. Whenever you get into a sticky situation where you’d need the money, you can rely on insurance to take care of that for you. This way, you don’t have to suddenly take out a loan or take a very big chunk of money from your savings to pay for the damages.

The downside of insurance

Insurance is highly specific. Compared to an emergency fund, an insurance company and contract is highly specialized. This means that you have to take car insurance for your car, health insurance for injuries and health, and even life insurance in case of sudden death. With the wide variety of unforeseen circumstances, it’s quite easy to get yourself in a situation where insurance wouldn’t cover it. You’d also have to keep track of paying different insurance companies for different purposes, so that’s one of the downsides as well.

Is insurance still worth it?

Most of the time, it’s actually still worth it to secure insurance contracts. Depending on your needs and situation, it is still quite important to have insurance. This is especially true for health insurance, where there are a lot of deadly diseases that could be waiting around the corner. There are some obvious things that are more likely to happen to the average person and other things that are more likely to happen in your specific situation. If you take your time to calculate and assess these things, then insurance is worth it. 

For example, if you’re a business company, then securing business insurance nowadays could be very helpful for your situation. With the economy fluctuating due to the status quo and AI disrupting everything, there could be a chance for you to lose something within your business. In other words, securing insurance is a level of buffer for you and bankruptcy, uncertainty, and economic losses. Getting life insurance is also a worthy endeavor. This is because you’d be able to alleviate the financial costs of untimely death to your family and loved ones. In other words, you’d be able to ease their burdens when you leave this world, and that’s a good thing to do. 


In conclusion, getting insurance is worth it as long as you align it with your situation and needs. Make sure to research the different financial costs of one and see which insurance you will most likely benefit from. Take time to assess your situation.

Ethan More

Published by
Ethan More
Tags: my period is really heavy and bright redmy person synonymmy persona kioskmy personal desk luxotticamy personal employment historymy personal favorite synonymmy personal fitness trainermy personal healthmy personal kioskmy personal kiosk gov mtmy personal kiosk loginmy personal kiosk maltamy personal trainermy personal trainer maltamy personal vpnmy personality examplemy personality ismy personality testmy perspective synonymmy pet dinosaurmy pet dinosaur 2016my pet dinosaur 2018my pet dinosaur age ratingmy pet dinosaur box officemy pet dinosaur dvdmy pet dinosaur endingmy pet dinosaur full moviemy pet dinosaur magnusmy pet dinosaur rating pgmy pet dinosaur rotten tomatoesmy pet tortoisemy pet warehousemy pet warehouse south melbournemy pharmacymy philosophy of educationmy phonemy phone appmy phone billmy phone contactsmy phone contacts on googlemy phone findermy phone finder googlemy phone finder samsungmy phone historymy phone icon disappeared on my iphonemy phone icon disappeared on my iphone 11my phone ip addressmy phone ip locationmy phone location nowmy phone number with country codemy phone settingsmy photo editor apkmy photo gallerymy photo gallery & albummy photo librarymy photoboxmy photosmy photos 2007my photos 2008my photos 2010my photos 2011my photos 2013my photos 2013 to 2019my photos 2014my photos 2015my photos 2016my photos 2016 to 2019my photos 2017my photos 2017 to 2019my photos 2017 to 2020my photos 2017 to 2020 downloadmy photos 2017 to 2021my photos 2018my photos 2018 aprilmy photos 2018 backupmy photos 2018 decembermy photos 2018 februarymy photos 2018 novembermy photos 2018 to 2019my photos 2018 to 2019 downloadmy photos 2018 to 2020my photos 2019my photos 2019 2020my photos 2019 backupmy photos 2019 decembermy photos 2019 downloadmy photos 2019 to 2020my photos 2019 to 2020 downloadmy photos 2019 to 2021my photos 2020my photos 2020 backupmy photos 2021my photos albummy photos on googlemy physics and maths tutormy picture reviewsmy picturesmy pictures 2009my pictures from 2012my pictures of me

Recent Posts

Tips on Choosing the Best Gel Blaster for Kids

Do you have a young one eager to get into the fun and exciting world…

6 months ago

Benefits of Orthopaedic Innerspring Mattress for Babies

Having the right mattress is essential when providing a comfortable environment for your child. An…

6 months ago

Detailed Review of Prop Trading and What is Prop Trader?

You make a tiny deposit—say, $5,000—and are subsequently able to trade with leverage that is…

8 months ago

Do’s and Don’ts Of Living In An Apartment

Finally, the moment has arrived for you to leave your home, dorm, or friend's basement…

9 months ago

Why Wedding Place Cards Are Necessary For Your Special Day

A wedding is the most auspicious day of people's lives. It marks the beginning of…

9 months ago

What is the Future of Forex Copy Trading

There is one thing you can learn from 2020. You can easily increase your earnings…

9 months ago

This website uses cookies.