Better safe than sorry: why insuring yourself is important

Today’s world is one characterized by hazards and risks. Wherever you go, there is the chance that you’ll encounter some sort of inhibitive danger and this means that protection should always be high on your list of priorities. Take the example of David Beckham, who at the height of his football career insured his legs for up to £100 million with Lloyd’s of London.


Of course, that doesn’t mean walking around in a full suit of armor – after all, not every risk you encounter will be physical. Instead, the smart choice is to invest in insurance so that you’re protected against every potential outcome. Still not convinced? Here is a brief overview of why it’s better to be safe than sorry with insurance.

Protection for you and your family

The first thing to remember is that insurance doesn’t just protect you; it also protects your family.

Should you be unable to work due to an accident or illness or even suffer a debilitating accident, then it is insurance policies which offer you the financial assistance needed to stay on top of things.

There are policies designed to look after you when you’re out of work and others which offer payouts after your death so that your family are not left to worry about household bills when trying to deal with their grief. The full range of personal insurance policies covers many different scenarios and those looking for life insurance will often find their policies come with the option to withdraw money early should they be diagnosed with a terminal illness.

Considering the prevalence of diseases such as cancer in today’s world, this sort of cover is perhaps the most important policy an individual can invest in. The risk of being diagnosed can be incredibly high for some individuals and knowing that a financial safety blanket is in place to cover any treatment costs or other expenses can be incredibly reassuring.

In many ways, it is this peace of mind which is most important. Without insurance, the world would appear a much scarier place as the numerous risks and dangers we encounter would be allowed to run wild with no form of protection available.

Prevention is better than cure

Insurance is also a vital consideration because of the fact it deals with threats before they have time to develop and escalate. It is said that prevention is better than cure and in the case of insurance, it has never been truer.

While you may not be able to prevent accidents by taking insurance, you can prevent the negative effects which they have. Whether you’re insuring your life, your car or your holiday, the knowledge that you have protection in place can help you to stay calm and relaxed and ensure that you don’t have to worry about what will happen should an accident occur.

Where traffic collisions are concerned, auto insurance can ensure that the cost of any repairs is covered and that you are still able to get around while your car is in the garage.

Life insurance naturally protects you against medical complaints and illnesses, offering a payout to your family following your death, while travel insurance helps to cover the cost of medical treatment or other unexpected expenses while away from home. It can even apply to holidays within the USA – not just to international trips.

With all this and more available from insurance policies, the need to protect yourself is clear. After all … isn’t it better to be safe than sorry?


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