Posted by Beth Kaspar | Jul 2, 2010
Take a moment to think about the purpose of insurance – generally insurance protects you from having to pay thousands or even hundreds of thousands of dollars out of pocket for unexpected events. Having the wrong kind of insurance, or no insurance, can do more damage to your financial plans than just about any financial product out there – in short, insurance protects you from losses!
These unexpected events could be: a car accident, a fire, theft, sickness or in the worst case, loss of life. Any of these events could take an extreme toll on you or your family’s finances if you don’t have insurance in place.
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