Why do we need insurance?
Insurance helps protect us from unexpected events that could cause financial harm. It's like a safety net that helps cover the cost of accidents, damage, or other bad things happening.
What types of things can we get insurance for?
There are many different types of insurance. Some examples include car insurance, health insurance, home insurance, and even pet insurance. Each type of insurance covers different things depending on what you need to protect.
How does insurance work?
When you get insurance, you pay a certain amount of money to the insurance company called a premium. If something bad happens and you need to use your insurance, the insurance company will help cover the costs up to a certain amount. They do this because they have collected money from lots of people, so they have enough to help everyone when something bad happens.
What happens if we don't have insurance?
If you don't have insurance and something bad happens, you will have to pay for all the costs on your own. These costs can be very expensive and might be too much for you to afford. Insurance helps to protect you from having to pay a lot of money all at once.
Can insurance cover everything?
Insurance can cover many things, but not everything. There are some things that insurance might not be able to help with. It's important to read and understand the insurance policy to know exactly what it covers and what it doesn't.
How do we choose the right insurance for us?
Choosing the right insurance depends on what you want to protect and what you can afford. It's a good idea to compare different insurance companies and their policies to see which offers the best coverage for the price. You can also ask for help from an insurance agent, who can explain the different options and help you make a decision.