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Chuks Udo Okonta
Do you know that there is an elements of risk attached to almost everything on earth. So, when you acquiring a thing, it comes with risk which should be identified and a measure taking to mitigate it.
Having an understanding that risk is attached to all things around us, would help us seek measures to manage the risk.
As risk cannot be determined by us, it means we acquire it whenever we acquire loved items
As risks come with what we treasure, we should make provisions to mitigate them.
An individual who buys a vehicle, gets the vehicle with risks of accident, lost, fire disaster and more. Having bought the vehicle, these associated risks, should be identified and be planned for, to retain the vehicle.
Acquiring a house comes with risk of fire, flood, burglary. These risks have to be effectively managed to keep the house.
Getting a business comes with the risk of fire, burglary, flood, fraud and more.
Securing a job, comes with risks such as accident, sack, professional negligence amongst others.
Getting digital devices such as phone, computer, tablet, camera, comes with risk like damage, lost, theft.
Dangers of failing to insure against risks
*Total lost
Valuables that are not insured against associate risks, would be lost when the risks manifest.
*Inconvenience
Loosing something that gives you comfort and joy, without hope of recovery, would definitely bring about an inconvenience. Therefore, loved items should be secured against the attached risk elements.
*Financial drain
Cost of replacing lost valuables is usually high. Therefore, failing to insure cherished valuables, would impact your savings negatively.
*Erosion of status
Imagine loosing a once valued house or car to fire and not having the capacity for a replacement. That would reduced the individual to becoming a tenant and boarding public vehicles.
To avoid such status loss, ensure you insure your valuables.
*Poverty
Loosing an uninsured business to fire or burglary, can drag an individual into poverty if there is no measure to rebound. Insurance remains one of the best means to rebound, hence, insure what is keeping you out of poverty.
It is good to acquire valuables, but better to manage their associated risks through insurance.
Buy insurance now to secure those loved values, for you wouldn’t get anybody to sell to you when you need it to recovery from a mishap.
[4/20, 17:13] Inspen: Dangers of acquiring risk, failing to insure it
Kindly leave a comment and share
Chuks Udo Okonta
Do you know that there is an element of risk attached to almost everything on earth. So, when you acquiring a thing, it comes with risk which should be identified and a measure taking to mitigate it.
Having an understanding that risk is attached to all things around us, would help us seek measures to manage the risk.
As risk cannot be determined by us, it means we acquire it whenever we acquire loved items
As risks come with what we treasure, we should make provisions to mitigate them.
An individual who buys a vehicle, gets the vehicle with risks of accident, lost, fire disaster and more. Having bought the vehicle, these associated risks, should be identified and be planned for, to retain the vehicle.
Acquiring a house comes with risk of fire, flood, burglary. These risks have to be effectively managed to keep the house.
Getting a business comes with the risk of fire, burglary, flood, fraud and more.
Securing a job, comes with risks such as accident, sack, professional negligence amongst others.
Getting digital devices such as phone, computer, tablet, camera, comes with risk like damage, lost, theft.
Dangers of failing to insure against risks
*Total lost
Valuables that are not insured against associate risks, would be lost when the risks manifest.
*Inconvenience
Loosing something that gives you comfort and joy, without hope of recovery, would definitely bring about an inconvenience. Therefore, loved items should be secured against the attached risk elements.
*Financial drain
Cost of replacing lost valuables is usually high. Therefore, failing to insure cherished valuables, would impact your savings negatively.
*Erosion of status
Imagine loosing a once valued house or car to fire and not having the capacity for a replacement. That would reduced the individual to becoming a tenant and boarding public vehicles.
To avoid such status loss, ensure you insure your valuables.
*Poverty
Loosing an uninsured business to fire or burglary, can drag an individual into poverty if there is no measure to rebound. Insurance remains one of the best means to rebound, hence, insure what is keeping you out of poverty.
It is good to acquire valuables, but better to manage their associated risks through insurance.
Buy insurance now to secure those loved values, for you wouldn’t get anybody to sell to you when you need it to recovery from a mishap.
