Olivia H

  There have been many instances in my life where I realized the importance of insurance. There are three that stand out to me the most.

I remember that day vividly. I opened the side door of my house and stepped into one foot of water. Shocked, I stood there, not knowing what to do. I yelled to my sister, who was behind me, and we walked through the water into our house. As we surveyed the mud room, we saw that water covered the entire floor, and more was pumping out from the laundry room every second. We waded through the water into our kitchen, where the water had thankfully resided. I frantically called my dad, and he said to go downstairs to see if any water had leaked through the floors into our basement. I did as I was told, and I opened the door to the room directly below where the water was located upstairs. I opened the door to what sounded like rain. Water was pouring from the ceiling onto the basement floor. My heart sunk, knowing that I would have to break the bad news to my dad. I would have to tell him that not only were our hardwood floors ruined on the main floor, but our ceiling and floor in the basement were ruined as well.

In the days and weeks that followed this costly incident, my parents met with their insurance agency about whether their insurance would cover the disaster. Thankfully, our insurance paid for much of the damage, and we were able to have our hardwood floors redone. Insurance was so important to our family during that time, as it took a huge burden off of my parents. I will be forever grateful for that.

That event is not the only one that showed me why insurance is important. In 2010, my sweet cousin JP was born. His parents were not married and neither of them graduated from college. JP is one of the biggest blessings in my life, but that doesn’t mean that it wasn’t, and still isn’t, hard for his parents financially.

Last year, JP said that he wanted to be a doctor when he grew up. I was ecstatic over this, as he wanted to follow in the footsteps of our late grandpa. However, some of my glee was overshadowed by a feeling in my stomach that his parents might not be able to afford to send him to college and medical school when he was older. His parents had not started saving money in a college fund for him because they didn’t have much money to save.

This past April, JP’s grandma passed away unexpectedly. We found out that she had left JP, her only grandchild, around $15,000 in life insurance. This news was a shock to us all and a huge blessing to his parents, who quickly put that money into a college fund for him. Hopefully, by the time JP turns 18, there will be enough money in that fund for JP to go to college.

Without insurance, JP wouldn’t have a college fund right now. His future would still be gray. His dream would’ve been crushed when his parents would’ve had to tell him that they couldn’t afford to send him to college.

In April, my family suffered an immeasurable loss. My grandfather, who was the rock of our family and the community, passed away unexpectedly. My entire family was grief-stricken, and the days and months since then have been far from easy. My grandma had been married to my grandpa for 56 years. She not only had to adjust to life without the love of her life by her side, but she also had to figure out what to do with the pile of medical bills sitting on her kitchen table. Thankfully, her insurance covered much of her late husband’s medical bills, and the burden that she was trying to carry was lessened.

I have realized how important insurance is because of these three major events in my life. Because of insurance, we now have new hardwood floors, and my innocent cousin has the opportunity to go to college and, hopefully, medical school. I just hope that one day JP will learn to appreciate the value of insurance as I have because it kept his dream intact. And perhaps the most important insurance benefit of them all was the one that covered many of my grandpa’s medical bills. My grandma still struggles with the loss to this day, as do we all, but at least she doesn’t have to struggle financially too because of what happened.

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