Why Get Insurance?
Why should someone obtain fire (Homeowners/Condo/Renters) insurance?
1) The primary reason to obtain fire insurance is to protect yourself from a major catastrophic event
f. Freezing of plumbing systems
g. Falling objects
h. Breakage of glass
i. Etc. etc.
2) For MOST people their home/condo unit is the 2nd largest asset. Why not protect your largest investment/asset thru an insurance policy for as little as $10/month (renters insurance) up to $100+/mo for homeowners/condo insurance?!
3) Most of the time this is a REQUIRED insurance if you have a mortgage or lien holder on your property.
But, what most people don’t understand is that their largest asset is their own self…..the income they make. And yet most are not adequately covered through their work plan…if work even covers them in today’s day and age. Most companies are cutting this benefit to reduce employee expenses.
If you are the breadwinner for your household it is a MUST to protect your income for your family/loved ones. The ONLY way to do that is through life insurance. Life insurance not only protects your income but it can also protect your mortgage, final expenses, education expenses, auto loan debt, credit card debt, etc. etc…. so your loved ones don’t have to worry about ANOTHER bill…mortgage payment, etc. when your life expires.
It can also work as one of the BEST investments strategies in your portfolio ….depending on the type of life insurance you purchase. Protecting yourself here is key to planning a successful future for both you and your loved ones.
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