Insuring yourself has a lot of benefits. You can not only get a safety net for yourself but also for your family. Self insuring is something like establishing an emergency fund for unforeseen events like accidents, illness, etc. If you are not able to save money, insuring yourself can also work as your personal savings apart from giving you financial coverage during your difficulties. In worst case scenario, your family will benefit from your insurance. Your insurance will help you even when you die. If you need money immediately, insurance can also come to your rescue, you can get a loan against your insurance policy.
Benefit of Insuring Yourself
- Thread starter Mika
- Start date
Insurance is a form of protection for that which is insured. Your life, property, business and more. According to the insurance policy you will be compensated when you incur any loss. You won't bare all the burden. Insurance will ease your pressure. In a case where you have accident and you have accident insurance in place then you don't have any problem. Insurance will cover up to the point of debt but it still depends on the kind of insurance you bought.