Insurance
What’s the first thing you think of insuring when you have a house, and probably a mortgage? The house right? Even the contents in the house. How about insuring ‘you’? The risk is mitigated with personal and/or business risk insurance (life, trauma, mortgage repayment/income protection insurance and so on).
Why insurance is important
As a whole, New Zealanders are underinsured. The old adage of “she will be right”, could simply be deemed another term for denial, or under acknowledging the true meaning of insurance. To put it simply, if we are to protect our assets and family, we can either self-insure, or buy suitable insurance.
Most people do not have the ability to self-insure therefore the only sensible option is to rely on an insurance company to pay out, should things go wrong. Once it’s too late, it’s too late.
Important statistics to consider
As the statistics purport, you are far more likely to suffer an illness that disables you, or worse, than you are an injury that causes the same devastation.
How would you or your family cope if that something happened to you? By the time you need it, it’s too late. That is what insurance is: peace of mind that relevant insurance will be there to protect you when you need it the most. Just like you hope your house won’t burn down, and a claim needing to be made, the same is true when it comes to risk insurance.
