| Owning insurance is one of the most important things | | | | insurance to cover their loss in case the house burns |
| you'll ever do for yourself and your family. The | | | | down. And I don't think anybody needs to be |
| problem is, there are so many different kinds of | | | | convinced of the importance of health insurance. |
| insurance for so many different things. There's health | | | | All of this leads up to the main problem... which is, how |
| insurance to cover medical problems, there's car | | | | to pick the best insurance company. With so many |
| insurance, there is life-insurance, there's home | | | | insurance options you have got to pick the right |
| insurance in case your house burns down... the list goes | | | | insurance company who will honestly work with you to |
| on and on and on. | | | | give you just the coverage that you need and nothing |
| In America we live in a society based on risk. That's | | | | more. If you let certain insurance agents walk all over |
| what freedom means... risk. The government leaves us | | | | you, they'll sell you everything under the sun. Before |
| alone to make our own choices, for the most part, and | | | | you know it you'll be insuring your dog against the flu! |
| that is what our capitalist system is built on. | | | | The first rule of thumb is to pick a major insurance |
| The problem is, when people make their own decisions | | | | company that has the financial resources available to |
| they very often make the wrong ones. This can have | | | | backstop their insurance claims. Many people |
| catastrophic effects on every aspect of our lives. The | | | | purchased insurance from AIG over the last few |
| way our system has evolved to cope with these | | | | years thinking that their claims would be paid. But when |
| problems is through insurance. | | | | the financial crisis of 2008 hit and AIG for all intents |
| It's a happy middle ground... the government leaves us | | | | and purposes went under; those insurance policies |
| alone to make her own choices, which means they | | | | were no longer guaranteed. Luckily the government |
| leave us alone to make stupid choices, but then we | | | | stepped in, but you can't always be sure that will |
| can mediate some of the stupider choices by buying | | | | happen. |
| insurance to cover us in case something goes wrong. | | | | Next pick an agent that you are comfortable with, |
| Everybody is happy... freedom is maintained, but our | | | | make sure they understand your financial situation and |
| stupidity that's inherent in every human person, doesn't | | | | your insurance needs and make sure that they know |
| run wild. | | | | that you will not tolerate being hard sold additional |
| So to say "I'm not going to buy insurance" is probably | | | | insurance that you don't need. |
| not the best mindset to have, you can be sure! The | | | | Finally ask around... ask the people around you who |
| government actually mandates that you legally are | | | | they turn to for insurance help. In no time at all you'll |
| required to own certain types of insurance such as | | | | probably find a consensus on who the best people in |
| car insurance. If you borrow money to buy a home, | | | | your area are. Many times personal references go a |
| the bank will require that you have homeowners | | | | long way in the insurance industry. |