When you have worked hard for everything you own, you need to make sure it is protected in case anything bad happens. Things like car accidents, property damage, illness and death can happen to anybody, and if you don’t have insurance, you could end up with real money worries.
Insurance protects you against risk
Every day, you and your family are exposed to risks that could cause you to suffer financially. These include:
Having insurance will help you to deal with these risks without putting a strain on your finances. That’s because when you buy insurance, you transfer the cost of a potential loss to the insurer in exchange for a fee, known as the premium. Insurers then invest this money in order to pay you out if you have a claim.
Types of insurance
Most banks offer different types of insurance to protect you against risk, including:
It pays to shop around!
Make sure you get at least three quotes from different insurers before you buy any type of insurance policy. Getting quotes before you buy can help you get a better deal!
Next article: More about Life Insurance
Join our international team and you could move your career forward from the start.
Bank wherever you are.