FinanceDogma – Finance, loans, creditcard and mortgages

January 18, 2009

Why to Insure?

Insurance plays a vital role in mitigating our financial losses that may arise due to unforeseen events. Any finance-minded person would buy an Insurance policy to secure himself or his dependants at the time of need. There are different types of Insurance policies right from Life Insurance to Home Insurance. One has to resort to the policy that covers his possible risks.

Health Insurance

As a human being we are prone to sickness at some or other point of our life. To recover from sickness, we need to undergo medical treatment. When it comes to medical treatment, we need to pay the medical expenses. When the treatment cost is high, it impacts our savings. This is where a Health Insurance policy comes handy. It covers the risk of medical expenses.

Life Insurance

To predict one’s death is beyond humans’ ability. But we could secure our family on a monetary basis by buying a Life Insurance policy. Life Insurance policy is very useful for an Individual whose income is the only source of Income for his family.

Disability Insurance

Severe Medical Illness or Accident can lead to permanent disability. When a person is disabled he may not be able to work and earn money. A disability Insurance is helpful to compensate the monetary loss due to disability.

Dental Insurance

A Dental Insurance policy can be termed as a specialized policy that covers the risk of medical expenses towards dental care. Considering the expensive dental treatment costs, it is advisable to buy a Dental Insurance policy.

Property Insurance

Property Insurance or Home Insurance is really useful for property owners. As unexpected events like fire, theft or natural disasters can occur at any point of time, we need to be proactive in protecting ourselves from monetary losses caused due to these events.

1 Comment

  1. nice post

    Comment by trompyx — January 23, 2009 @ 9:40 am

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress