Guest post from iMoney Indonesia
There are many advantages you can get by having insurance, whether it be life insurance, health, car, home, or any other type. Unfortunately, even though many people are already aware of the importance of having insurance, many still do not realize how important it is to be covered with insurance. Many people are still ignoring the usefulness of insurance and the fact that they will avoid the worst, by having this type of investment.
One of the most important insurance to have is car insurance. Given that mobility is one of the most important things in everyday life, it only makes sense if you start to prepare yourself and protect one of your assets with insurance. Let's look at the statistics of the number of vehicle accidents involving injured and dead victims - including the material losses suffered - from 1992 to 2011.
Table - Click to Zoom in
We can see from these statistics that the number of accidents always increases from year to year. You may be grateful that you are not involved in a vehicle incident on the road, but can you expect the same in the future? What if you were involved in an accident where you were the victim? What if one of your family members is involved in an accident - whether as a victim or a perpetrator? Indeed insurance does not guarantee that you will get rid of these problems, but at least you do not have to be constantly worried or afraid, in case you will be involved in the incident as mentioned above.
After all, you can actually enjoy the benefits of car insurance. Here are the benefits of having the insurance:
First, you can be free from the constant burden of thought and fear. Feeling worried is not fun, is it? Not only will this make your life uneasy, you can get sick from the stress of whack. With the insurance, at least you can feel calm in running the daily life; not constantly worried or even becoming paranoid - the cool language now is parno. When you leave home, there is no fear of being involved in an accident so your work productivity and comfort in driving will not be affected at all.
Second, you will be free of the economic burden if something bad happens. Owning a car does not mean you live in abundance. Lots of people with limited incomes are forced to own cars because of high work demands and mobility. Imagine if in the middle of the limited income you are involved in a car accident, which causes you not only have to pay extra for repair and also for medical expenses. Your expenses will automatically double if you are the guilty party, so you will have to bear the expenses of the other parties involved. You could be involved in enormous debt, which of course will be an additional burden in your finances.
Third, having insurance freed you from third party dependents. Driving accidents can occur due to a single cause or involving another party. If you are involved in a single accident, you do not have to worry about having to bear the cost of the other party's expenses. After all you only think of yourself. Another case if there are other parties involved. With insurance, not only will you be exempt from your own expenses, you do not have to finance the third party participating in the accident; let the insurance take care of it. Whether it's the cost of repairs and medical care, everything can be covered by insurance.
Fourth, insurance frees you from extra charges in the event of a natural disaster or other incident. We know that natural disasters are unpredictable or predictable. In the event of landslides, floods, earthquakes, or anything else - causing damage to your car - insurance will be ready to protect you. Including if you experience acts of destruction (vandalism) or car theft.
Fifth, insurance can be a good investment tool. If you think about saving and protecting your assets, insurance can be a very appropriate choice. Would not it be nice to have one tool that could include multiple purposes at once?
Photo: Jim Sheaffer