(ThyBlackMan.com) Life rarely ever goes as planned, which is why we always need some form of insurance to make us feel better and give us the feeling that we’re actually in control of our destiny. However, insurance can be expensive, and for some frugal people, it might even look like an unnecessary expense. For instance, why buy insurance on a computer if you know how to fix and maintain it yourself? And do you really need home insurance when there is hardly any crime in your area?
Why Insurance is Important
Insurance is important because it gives you a guarantee. If your 
computer does break down, then insurance protects it and you’ll get a new one within a week. If you fall ill, then medical insurance will help you pay the ridiculous costs of healthcare. It’s these guarantees that make life easier to live and it gives us peace of mind for when things go wrong.
It’s not always about ourselves either. For instance, once you pass away, your family will be left with hefty funeral expenses and they’ll need to pay off any debts that you left behind. Your life insurance policy will help them pay for those unexpected costs so it doesn’t need to come out of their pockets. In addition, things such as home insurance are important so that you protect your home in the future when it’s not just you living in the building. If your home is broken into or collapses due to a natural disaster, then not only are you homeless, but your children and partner will also have no roof over their heads.
Mandatory Insurance
There are some forms of insurance that are mandatory. For example, if you own a vehicle then it’s usually required to have car insurance. When you need a lawyer after a car accident, it helps to have an insurance plan that will cover most of the complications for you. Car accidents can be expensive as well because of the potential damage done to your vehicle. Most insurance plans will come with a courtesy car so you can continue driving while your car is being repaired, and they will also pay for the majority of the repair costs.
Extra Insurance
There’s always the option of buying extra insurance as well. For instance, if you own pets then you can cover them with pet insurance as well. This helps to cover things such as veterinary costs and injuries that they could suffer. You could also purchase insurance on specific items in your home that are important to you, such as your work computer, television or workshop tools that are required for your work.
Peace of Mind
As mentioned before, insurance gives us the peace of mind to live life with less fear. Having insurance plans to cover our most important assets means that we ultimately spend less money on protecting them and repairing them. It’s a great value-for-money solution that will save you a lot of headaches and hassle in the future, so don’t neglect the importance of insuring yourself.
Staff Writer; Paul Ford
