Understanding Insurance Policy.

I love the idea of insuring properties and health because of unforeseen circumstances like accidents etc. Nobody knows how the next minute is going to turn out to be. Life is very much unpredictable and a lot can happen in a blink of an eye. The question is would I insure my properties or health under any company because of readiness for the unknown?

As of now, I am not part of any insurance company because of the policies that's attach. You can't insure prosperities with empty hands, there's a levy you'll have to pay during this course. I won't downplay the importance of joining an insurance company because of what you need to pay for their services however, I think whatever anyone is paying to insure their properties really matters too, so you don't end up being milked off of the resources you have because you want to insure your properties.

Nothing good comes easy and so insuring properties as well. You can insure your properties and keep paying the dues and nothing is going to ever happen to your belongings. You can ensure them and eventually get to reap the benefits when problem arise tomorrow. My parents didn't involve themselves in any insurance policies and we've grown up living life normal, we've not experienced any disaster and so also allot of other people around here. I know it's risky not to but God has been protecting. We've had lesser number of people who have benefited from these insurance policies compared to those who registered and luckily never met any incident that requires the company coming in for them.

Like I've stated earlier on, I am not familiar with how these insurance policies work but I think it's a bonus to whoever that gets to partake in the program. I don't know if my own self can partake in that program but it's actually something I would love to be part of in the nearest future.

Some of the things I'll consider before joining any insurance company is theirs authenticity followed by their costs, terms and conditions. Honestly if it's within my power, I would love to insure my properties to a preferred insurance company. If you run away from spending thousands to insure those properties, you might end up spending millions to rebuild or repurchase that belonging you lost. It's important to insure your property for future purposes when you've got the ample space to do so.

I think being part of any insurance company is based on how much wealth you've accumulated and the stuff you're protecting. If the cost for insuring those properties is worth it or affordable, I'll advise that people insure their properties. Imagine your house, burnt down to the ground and you've got only yourself to rebuild the house from start to finish. Imagine your car got stolen or probably accident that didn't claim your life completely damaged the car. These are the possible calculations that have me rethinking about the need to insure my properties/belongings.

It's true nobody knows what the future holds but we won't always be lucky. If you can insure your properties please do so, I'll do so too after carefully doing possible calculations to make sure I don't spend to stupor.
Thank you for reading my entry for Hive Learners Weekly activity for week 204 episode 3.