As much as people complain about having to pay for it on a regular basis, there are definitely times when you need insurance. Hopefully, you can make it through your life with having to pay the least amount, and also never having to use it in the event of an injury or accident, but most of us can’t avoid it completely.
A few instances in particular when it’s vital that you have insurance include when a car accident is involved, if you want to get dental work done, if you live somewhere that disasters are likely, or if expensive work equipment fails. All these situations can be fairly catastrophic if you don’t have insurance to back you up.
If you get in a car accident, there’s a good chance that it’s insurance that will keep you floating. Car insurance will variously include medical expenses, repair expenses, or liability expenses. Legally, you’re required to have car insurance if you drive a car, but there are still lots of people that are on the road uninsured. And that’s why it’s even more important that you have your paperwork sorted so that you don’t have to worry about legal implications of any traffic-related incidents.
Your teeth are important. And that’s why having dental insurance is important. If you don’t take care of your oral health, not only may you have to deal with unsightly teeth, there may be some extreme pain involved later in life. As much as it’s important to have medical insurance for at least catastrophic reasons, making sure that you have reasonable dental insurance will keep your smile bright and your mouth pain-free. Cosmetic procedures may not be covered by as many insurance plans, but they can come in handy if you have extra cash or a desire to do aesthetic work.
If you live somewhere that disasters are likely to occur, then you need to buy disaster insurance. Think of all those people on floodplains that think it won’t happen to them. They don’t buy insurance, and then when it finally floods, they lose everything. The same goes for places that are prone to tornadoes, fires, mudslides, or avalanches. If you know that there’s a good chance for a natural disaster to occur, then insurance is vital.
Work Equipment Failures
Finally, if you have expensive work equipment that is required to do your job, then you need to have insurance on it. For example, if you have a computer that you use to do your professional work, what happens if you spill some water on it? What happens if there’s a fire or an electrical issue? You need to be able to replace that machine immediately, and you might not be able to do it without the proper insurance.