Having insurance might reduce one's concerns about the prospect of losing property or being injured in an accident. However, is it prudent to spend money on insurance when a claim may never be made? Is maintaining a spare tire in the car a waste of money, even if it is never used? The driver's sense of security may justify the cost of the extra tire. While financial compensation cannot replace certain losses, it can help to compensate for others. Individuals acquire a wide range of insurance products, including property, liability, health, disability, and life insurance.However, whether or not to have insurance is a personal decision.
Almost all my friends have insurance they advise me to get insurance but I never interested in getting insurance according to them. Insurance is a personal matter so I don't like getting insurance that's why I don't get insurance. I think if I can use my money in some other way it will be good for me and father's family. But I don't know if my decision is right I will never take insurance I have already decided.
Maybe it's because you have so much money that you don't need any insurance. but for some people who are thinking about the future, they will definitely take care of insurance, especially health insurance. Because we don't know what will happen in retirement if we suddenly get sick, whether we have enough money for treatment if we don't have health insurance. So, if you are sure that when you retire, you suddenly become seriously ill and have enough money for treatment, then maybe you are not taking the wrong step in not taking out insurance.