Stepping back for a minute, looking at the BIG PICTURE… Why do you need insurance? I mean, if you did not need it, you would not buy it. Right?
Do you have a mortgage on your home? If so, your mortgage company requires insurance to secure the loan (protection for the mortgage company), and you need auto insurance because the state requires you to have it for the privilege of driving your car on the road. Accidents and disasters can and do happen. If you don't have the cash to handle them, you could face huge financial struggles and setbacks. Insurance is one way to protect your life, your health, your ability to earn an income, and to keep a roof over your head when things go wrong.
There are a number of different types of insurance available, and it's unlikely you'd need (or even want) them all. But if you have loved ones or assets worth protecting, you probably need at least a few different types of coverage. Learn about which you might need, and how much to have.
There are different types of coverage you may need. Traditional homeowner's insurance is at the top of the list. Insuring something expensive, such as a house, comes at a price. But there are many ways that you can save money on your homeowners' insurance.
Bundling life and car insurance will often save you money. So will being a loyal customer over several years. You can also install safety features, such as a security system, to get more discounts. I think the answer to why you need insurance is, you are looking for PEACE OF MIND protection, or as Dave Ramsey would say, you seek “Financial Peace” that comes from having the right insurance. The peace of knowing that you and your loved ones have some protection. That's why. We can help with that!