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Chuks Udo Okonta
One of the uniqueness of insurance is that it is not a product you buy to solve a problem that has happened. That is why it is said: ‘No Premium No Cover’
Unlike drugs that people buy when they are sick and used for treatment, insurance is bought in an anticipation of risks happening in the future.
Though insurance is bought in an anticipation of risks, there are some insurance policies you should buy and prayed that you do not have claims.
I have heard people complained that they have persistently paid premium but never had a claim.
When I hear these complaints, I am almost tempted to ask, do they pray to get involved in an accident to enable them have a claim. Or they want fire on their properties so as to have a claim.
Essential insurance you need but should never desire claims.
* Motor insurance policy
Whether it is third party or comprehensive insurance you buy. Never be anxious to have a claim. For doing that is asking for danger that may come in form of accident, theft, fire or other mishaps. Just buy the policies and move on as no wise person pray to have misfortune inorder to claim a benefit.
When mishaps happened naturally you can then make a claim. That is the purpose of insurance.
* Fire and peril insurance policy
You need this policy but should never pray that fire and peril should befall you to have a claim.
* Accident insurance policy
This is another policy that you need but never pray that you should be involved in an accident to have a claim.
* Loss of job
Every employee prays to advance in his or her job, never praying to be sacked. But you need this policy to stay afloat when there is a job loss.
* Health insurance
Enjoying good health is a crave for everything wise person. But you have to buy health insurance to protect your family when there is sickness.
* Professional indemnity insurance
As a professional, you would never pray to make professional mistakes that would make you incur financial loses. But mistakes are bound to happen, as only God is perfect. Therefore, you need this policy even when you never craved a claim.
Don’t think insurance is not necessary because you might not get claims. Note that mishap wouldn’t inform you when it would happen.
Buy insurance now and gain from it tomorrow.
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