The 7 Basic Concepts: Getting insured
Nowadays, people have options to protect themselves against the various possible risks they may experience in their lives, which can have serious financial and psychological consequences for themselves and their families.
Loss of income due to illness or accident, loss or damage to property resulting from possible illegal or natural incidents, or health and life issues in general are events that may happen to anyone. Therefore, everyone needs to understand the necessity of insurance and protection of life and property and the fact that if they choose not to insure themselves, they accept a significant risk and bear the consequences.
Insurance is an act of consciousness and responsibility that allows the individual to secure himself against future risks by regularly paying a small amount of money, transferring the risks and financial consequences to the insurance companies. The decision on the amount and type of insurance is influenced by the individual’s income, consuming patterns and the level of development of the society in which the individual belongs.
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