Insurance: Don’t forget the parachute!

Insurance: Don’t forget the parachute!

Let’s talk Insurance. Essentially, insurance is designed to protect your interests from uncertain events. When you insure something, what you are really doing is paying money to somebody else so that that person bears the risk of loss of the item you have insured. It is our parachute to safety in times of trouble.

You would want to insure an item where loss or damage to the item will cause you to suffer financial loss or certain other kinds of loss.

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