What Does It Mean To Be Insured?

WHAT IS INSURANCE?

When you ask this question to different people you’ll get varying responses.  I recently interviewed Holly Mullins, an insurance agent for Farmers Insurance and I asked her this very question.  Here is how she explained it:

“…insurance is something that can get you back to where your life needs to be after some sort of loss.  If you have a house fire, it’s to get your home back up to where it was…it’s getting you back to normal life.  If something happens, you have a car accident and your car’s damaged, it’s about getting your car fixed as soon as possible to get you back to normal life and not having a lot of expenses incurred on your end,”

Holly also mentioned that some people view insurance as a means to “make money” and sometimes quite the opposite, a waste of money. Of course, these are misconceptions.

As a young adult and starting out, it’s important to have insurance.  Consult with an expert such as Holly to help you put together the right package for you.  Having insurance just on your car doesn’t mean that you’re fully covered either.  If you’re renting or have started out as an entrepreneur, you’ll need coverage here too for protection.

You know my motto: the secret to financial security is controlling the things that you can control.  Having the right coverage is in your control.

How do you find a good agent or insurance company to insure you?  I’ll answer this question next so be sure to check back!

What is insurance to you?