5 Reasons Why You Should Get Insurance
People often disregard the need for insurance
but did you know that it’s something that should always be included in your
monthly budgeting and expenses?Let’s first talk about the meaning of
insurance. Investopedia defines insurance as a “contract,
represented by a policy, in which an individual or entity receives financial
protection or reimbursement against loss from an insurance company.” This means
that you as the Insured will be able to get financial assistance from FPG
Insurance should anything happen to you that is covered under your policy.But why do you need a policy to begin with?
Well, here are 5 reasons:
It lets you
allows you to worry less should anything unfortunate happen. The purpose of an
insurance policy is to provide you with financial assistance in time of need
provided it is under your coverage and will help you and your loved ones get back
on your feet.
We all know how
stressful unforeseen circumstances are. Nobody likes having their savings
touched when something comes up. But with an insurance policy, your incurred
expenses would be reimbursed by your policy’s schedule of benefits.
require insurance. In the Philippines, the Land Transportation Office, or LTO,
mandates all motor vehicle owners to have Compulsory Third-Party Liability
(CTPL). CTPL provides the Insured cover from any liability against bodily
injury and/or death to any third-party individual.
It gives you
peace of mind
Worrying about the
future can often lead to anxiety. Having insurance allows you to have peace of
mind and enables you to look towards the future without having to think of the
your legacy behind
Anything can happen
within a blink of an eye and while we don’t want anything unfortunate to
happen, you can take comfort in knowing that you will be leaving your loved
ones with financial aid to help them move forward with their lives.
Insurance can be a daunting concept especially
when the more technical terms get involved. So be sure to take the time to
research and identify what it is you really need. As an insurance company, FPG
Insurance offers non-life insurance products like Personal Accident
Insurance, Home Insurance,
Travel Insurance, and Motor Insurance that can
provide you and your loved ones comprehensive cover.