Although nobody enjoys getting out the checkbook and paying their insurance premiums when they come do, insurance is a fact of modern life. Even when it’s not required by either the law or lien holders, it would be foolish to not at least invest in some cheap homeowners insurance, auto insurance, or life insurance. After all, would you do if you total your car or your house burns down if you didn’t have automobile or homeowners insurance?
When you think about it, the concept of insurance is perplexing. No, the principle behind carrying decent insurance coverage isn’t difficult to understand, as it’s pretty simple. Rather, the strange thing about all types of insurance is that we each spend tens of thousands of dollars on it during our lifetimes, yet we hope that we never have to use it.