Do i have any GOAL in my life?
Do i have any Responsibility / Liability for my love one in my life?
Is my absence do effect someone’s financial life?
Is my HLV has any value ?
If answer is YES, Insurance is Important for me.
Insurance is important because it protect a person or entity from extreme financial loss or responsibility due to an unfortunate emergency, accident or negative unforeseen event.
There are many different kinds of insurance, some of which cover a person and some of which cover business and other entities.
Insurance can protect people from financial devastation should the worst-case scenario happen. In case of a car accident , for example, the insurance company will usually cover medical expences and the cost of repair the car or purchase a new one. Health Insurance help to cover the day-to-day costs of doctors and prescription medications, but most importantly, it picks up the bulk of the cost should someone be diagnosed with a chronic or major madical condition, such as cancer, business insurance can save a company from financial ruin in cases like medical malpractice, slip-and- fall injuries on the business property or injuries that happen to an employee on the job.