Why is insurance a need rather than a want?
It’ll be ok!
It won’t happen to me!
I’ve never needed to claim before!
It costs money!
Someone will look after me!
The Simple English Wikipedia describes Insurance as “… a term in law and economics. It is something people buy to protect themselves from losing money. People who buy insurance pay a “premium” (often paid every month) and promise a duty of care”
There are so many different kinds of insurance, how many do I need, do I need them all?