When I first heard about insurance, I thought it was just another expense—another bill to pay every month. But as I learned more, I realized insurance is more like a safety net. It’s not just for rich people, and it’s not just for cars. It’s for everyone. And today, I want to share with you what I’ve learned, hoping it might help you too.
What Is Insurance?
Insurance is a way to protect yourself from big financial problems. You pay a small amount regularly (called a premium), and in return, the insurance company promises to help cover certain costs if something bad happens.
Think of it like this:
You pay a little now, so you don’t have to pay a lot later.
Types of Insurance I Learned About
Health Insurance
Covers medical expenses like check-ups, hospital stays, surgeries, and medicines. Without this, even a simple hospital visit can cost a lot.
Life Insurance
Gives money to your family if something happens to you. This can help them with funeral costs, debts, or even everyday living expenses.
Car Insurance
If you own a car, you probably know this one. It covers accidents, damage, and sometimes even theft.
Home or Property Insurance
This protects your house or belongings in case of fire, theft, or natural disasters like floods or typhoons.
Travel Insurance
Useful when going abroad. It covers things like lost luggage, trip cancellations, and medical emergencies in another country.
Why Is Insurance Important?
Peace of Mind: You sleep better knowing you’re protected.
Financial Security: Emergencies won’t destroy your savings.
Protection for Your Loved Ones: Especially with life and health insurance.
Required by Law (sometimes): Like car insurance in most places.
What I Wish I Knew Earlier
Insurance isn’t always expensive. Some basic plans are affordable—even if you’re on a budget.
You don’t need to get every type of insurance, just the ones that match your needs.
Read the policy! Understand what’s covered and what’s not.
It’s okay to ask questions. Agents are there to explain things clearly.
My Personal Tip
Start small. Even a simple health or accident insurance plan is better than having nothing. If you’re earning, even a small amount can go a long way in protecting your future.
Final Thoughts
I’m not an insurance agent—I’m just someone who learned the hard way how important insurance can be. I’m still learning, and I’ll keep sharing what I discover. Hopefully, my experiences help you make better choices too