Imagine: A World Without Insurance (You Don’t Want To)
Imagine: A World Without Insurance (You Don’t Want To)
You may not know how lucky you are to have something until it’s gone. It’s hard for us to see the true value of insurance because we have never been forced to live without it–it has always been necessary for financial survival. Can you even imagine a world without insurance?
How would life in America be different without insurance?
- Natural disasters and vehicle accidents would result in far greater losses–including loss of life and personal property. Following a hurricane or earthquake, how many homes are rebuilt using the money the insurance companies provide? How many lives are protected with health and life insurance to recover from injuries (or loss of life) due to an accident?
- Losing a family member would be much more detrimental to survival as a family. Life insurance ensures (or insures) the quality of life for a family when a member passes away, especially a sole provider. Without life insurance, the process of losing a loved one would take more than just the stages of grief.
- Owning a home would be for wealthy people. The majority of the hard-working citizens would not easily survive after losing an investment as large as a home. Insurance provides a way to rebuild and remain financially secure during a major loss. You have worked really hard to invest in your home–a significant loss would leave you at square one all over again.
- Not only does the insurance industry provide financial support, but it also provides statistics and data to strengthen safety awareness. Insurers want you to take all necessary precautions to ensure safety; your safety is their number one priority. The insurance industry provides data analysis to raise community preparedness in the event of a natural catastrophe. Organizations such as the Insurance Institute for Highway Safety would no longer exist.
- Workers compensation would not be available to provide coverage for injuries on the job. Without workers comp, you’d have to pay all your medical expenses. When injured, you may lose the ability to work, resulting in lost wages.
- Imagine a life without next-day delivery. The risk of driving vehicles without auto insurance would increase dramatically. As a result, you may not have the convenience of ordering online anymore.
In a crisis, first-responders such as police and ambulance are required to help the recovery process. Insurance companies are also necessary in a crisis–they provide the necessary financial support to recover from a tragedy.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search All Blogs
Read More Insurance Blogs
Why Life Insurance for a Child (or Grandchild) Is a Good Idea
Why is the purchase of a life insurance policy on a child a good decision? There are multiple reasons, including helping to ensure their financial future. Learn more in our blog.
Pet Peeves: Dogs and Liability Insurance
Are you covered from a liability claim should your dog bite a friend, neighbor, relative or stranger? Most renters’ and homeowners’ policies offer some protection, but is it enough? Find out more.
6 Reasons to Choose an Independent Insurance Agency
Once you understand the difference between a “captive” insurance agency and an independent one, you begin to understand the value of independence.
Your Smartphone and Insurance
Your smartphone can be an important tool to document what happened in an automobile accident and to document your personal belongings in a homeowners’ insurance claim.
What Would You Pay for a Genie in a Bottle?
What if it was possible for you to buy a Genie in a bottle? Would you be interested and what would it be worth? Read how we can potentially make this possible for you and your family.
Is Buying Insurance Gambling?
Is buying insurance gambling? While there are some similarities, one could argue that NOT having insurance is more of a gamble that not having insurance.
Water isn’t always just water. Sometimes it’s a Flood. There’s a Difference!
What is and isn’t covered under flooding insurance? Is flooding even covered under your insurance policy? Get the answers to your questions about water, flooding and your home.
Employee Practice Coverage
What is Employee Practice Coverage
9 Easy Ways to Prevent Yourself from Becoming “Insurance Poor”
What is “insurance poor” and how can you prevent yourself from getting there? Here are nine quick suggestions to help you stay in control of insurance costs.
Pitch: Insurance? Nah…My Landlord’s Got Me Covered.
Renting can be a smart move financially, but not if you are putting your personal possessions at risk. Learn how affordable renter’s insurance can protect your stuff and cover you from a liability claim.