CEIOPS DOC – 14-07 Explanatory Annex.pdf
Majority of the people nowadays have a car, travelling either for pleasure or business, have people who are depending on them, own a property and all other assets and agenda in life. These reasons are the same reasons why getting insurance policies become so crucial. While there are policies that could be purchased at your discretion, there are some that are downright mandatory.
Your Life, Your Choice
At the end of the day, it is still up to you whether to get one for yourself or not. But the policies that will be discussed below can save you from great trouble down the road.
After all, the main objective of having insurance is to furnish policyholders with financial ease.
You might question as well the fact that you would have to pay its premiums. And sometimes, it costs around hundreds of dollars in a month or a thousand every year. Mind you, this figure may vary depending on the policy you buy.
Wait until the Inevitable Happens
Assuming that your home is in perfect and mint condition, you have never been in a car accident, you don’t have problems when travelling or any other issues, then it might be somewhat pointless for you to get insurance and see its tangible benefits. But you’d get to see its true worth when things go against your plan.