Clay Pots & Wooden Spoons

I took a subject called Legalen (Legal Environment) as a part of my course requirements. It was a very interesting class for my professor had a knack for keeping the task active in the discussion, all the while instilling in our minds the concepts and the practical uses of the course without consciously knowing it. I remember that time he told us about one of his past students offering him insurance premiums. He discussed to the class the advantages of having an insurance. It was an interesting discussion because I was an insurance skeptic before. I didn’t really see the value of having one, but that afternoon changed my thoughts on it. I realized that insurance policies is one good way of keeping security. There are lots of insurance available such as life insurance, educational & retirement plans and auto insurance plans.

You really can’t say that you don’t need one because there are times when we are caught by surprise by events we did not anticipate. One time a couple who were my parent’s friends, died in a fire accident when their house burned down. They had 3 young children who survived the incident, and if their parents did not have insurance plans, they’d probably be having lots of financial support problems aside from the trauma they experienced when they lost both their parents. Another good example would be insurance coverage for cars. In college quite a lot of people have cars, and its often that I hear my friends and classmates talk about their car accidents every now and then. If they didn’t have automobile insurance, their parents would have been more furious plus they’d be shouldering all the costs of getting the car fixed. There would also be those whose cars have been stolen, and its not something new here in Manila. It would really hurt to have your brand new sports car stolen, an auto insurance would in a way be helpful in minimizing your loss.

I think its better to be safe than sorry. But then you shouldn’t just purchase any insurance plans that come your way. You should try and see which ones offer you the best rates and quotes possible as well as their reliability before availing their life insurance, educational & retirement plans and auto insurance plans.