Car insurance might not be something you lie awake at night thinking about, but in an emergency, it’s something you always wish you spent more time pondering – in bed or otherwise. Many people consider it money wasted and to be sure, it might seem like it at the time. But that’s mainly due to the fact that you don’t give much thought to having an accident, or your car being stolen. But rest assured, if you get off the evening train after a long day at work and find your car is not where you left it that morning, then after the police your next call will automatically be to your insurance company – and if you’ve selected the right policy, a courtesy car from a local rental company will be a saviour to you while your car is located and repaired, or, while you’re waiting for the settlement cheque to come in so you can purchase a new car. And after a car accident, the inconvenience of not having a vital means of transport can be alleviated just a little by knowing that the costs won’t be borne by you, but by your insurance company.
Similarly, house insurance is never given its due until your home and castle suffers at the hands of a burglar, a fire or flood, or some other fate resulting in damage, theft or worse. But the knowledge of a helping hand (or cheque) to get your home back in order can be comforting at a time when your entire world has been turned upside down. If your appliances are damaged or stolen, then having them back as they were is impossible. But the insurance offer of a cheque will at least enable you to replace them so your inconvenience is minimised.
When your personal possessions have been interfered with in some way, then insurance can mean the difference between not having them back the same way they were before, or having them replaced or restored 100%. Although, when it comes to sentimentality (yes, even cars can be a sentimental item) possessions can’t be replaced or restored. But being insured can give you peace of mind, and lessen the disruption to your life and lifestyle by making sure that what needs to be replaced is, and quickly.