Insurance is something that you buy ‘just in case.’
If you buy insurance, you are paying to protect something of yours, just in case anything goes wrong.
Sometimes bad things can happen to something you own.
Like in a fire or a flood or an accident. Or like something being lost or stolen or hurt.
If you have insurance, you can get money to put things right or to replace what has been lost or damaged.
To have insurance, or ‘cover’, means you pay an amount of money to an insurance company.
You can buy insurance to protect lots of things. But you have to have the right insurance to protect what you have. It is important to buy the insurance you need.
But you must not buy insurance you don’t need. That is just a waste of money and it won’t help you if anything goes wrong. BUYER BEWARE IF YOU HAVE A CRIMINAL CONVICTION, POOR CLAIMS OR CREDIT HISTORY OR HAD ISSUES WITH INSURERS BEFORE
