When I was in high school, about 12 years ago, I learned something form one of my professors. He was talking about insurance and he said something very wise. His words were: “there are two types of insurance, the cheap one and the expensive one”. We as young students were wondering what his explanation would be, because everybody knows that some insurances are more expensive than others. So, we asked for an explanation, and he said: “the cheap insurance is the one that you pay all your life and you never need it, and the expensive one is the one that you decide to cancel it and a tragedy happens right away”. That day change my mind about Life Insurance, and said to myself that whenever I would start working, I would get a life Insurance policy.
There are many different types of insurance. I have been exposed several of them, including auto insurance, home owner’s insurance, health insurance, insurance for an appliance or electronic device, insurance for a package ordered online, and the most important one, life insurance. All those insurances play an important role in life, even when some people see them as a big scam. My personal opinion is that they all do their job during our life.
Auto insurance is very important for many reasons. Even when you are a very responsible and experienced driver, there is a lot of people on the road that you do not know. They may not have a driver’s license, may be under age, may be unexperienced, may be driving under the influence of any drug or alcohol, and the new distraction behind the wheel, texting and driving. Since we do not have a record of the people of our surroundings, it is better to have certain type of protection, and here is where auto insurance takes place. It is not only required by the law, but it makes you feel safer when driving a vehicle.
Home owner’s insurance is also required by the law, but it is very important to have it because there is a chance that something may happen to your home. In this case, it is better to have some protection that would take care of the situation.
When there is an emergency, and you need to see the doctor, this can be very expensive, and here is where health insurance takes place. It is important to be protected and to have coverage if you need to go to the emergency room or see the doctor for any illness. Health insurance plays an important role because we are humans and there a big chance that we will catch any illness and health insurance will help with the medical bills. The only disadvantage of health insurance is that it is very expensive and many people cannot afford it.
Now a day it is very common to buy new appliances or electronics such as a new computer. The store always offers the insurance for the product that will cover up to one hundred percent in case something happens to it, within the terms and conditions of the policy. Appliances and electronics are not cheap, so it is important to protect them with some insurance.
Another type of insurance is life insurance, and in my personal opinion is the most important one. At first, I thought this type of insurance was something negative because it was about death. But now, I know it is very important because no one knows what is going to happen tomorrow. This is not something that catch the attention of younger and single people, but when there are family and children involved, the perspective changes. I think life insurance is important because I am married and would not like my wife to face any difficulties if anything were to happen to me. When there are children in the family, this becomes a priority.
At this point in life I can say that Insurance has more advantages than disadvantages. It is very important to protect our health, our life, our vehicles, our home, and our appliance and electronics. It could be disappointing to see how much money we spend every moth in insurance that we do not even need, but I always think about what my high school teacher told us “the cheap insurance is the one that you pay all your life and you never need it, and the expensive one is the one that you decide to cancel it and a tragedy happens right away”.
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