Everything we do we undertake with some element of reducing risk as a part
of it. For example, we insure that we will be able to drive to our
destination by obtaining enough gas for the car. We insure against
freezing in winter by installing a heating system in our home. We put
money into banks that cover our savings with insurance against loss. And
the mortgage holder on our home insists that we carry insurance to compensate
for any loss or damage to the property. Insurance is a basic part of
contentment in life, and life and property insurance is not a luxury, but a
necessity. Here are some simple definitions of the main kinds of
insurance coverage available to you, and some ideas on how you might be able
to use them. Some of you must have, others, you have, depending on your
individual situation. In every instance talking things over with a
competent insurance agent or broker can be very informative and helpful.
YOUR LIFE AND PROPERTY -- INSURING THEM
Your bank insures your savings through FDIC - protecting the bank and you.
Don't you think that your other assets and investment deserve the same
protection? The Business of insurance in the United States is divided
into three broad categories: Life insurance, health insurance, and
property and liability insurance. Because of these three basic kinds of
insurance coverage, the American Businessman, the American Homeowner, the
American Housewife - in short, the American People have more financial
protection and a greater sense of responsibility than any other people anywhere have ever enjoyed.
