6.1.4 Insurance and you

There are many reasons why people avoid buying insurance. Most of them are based not on facts or logic, but on personal habits and emotions.

My attitude toward insurance

Here are some reasons why people may avoid buying insurance. Check any that apply to you.

The decision to get insurance depends on your circumstances, your priorities and your stage in life. For example:

Decide carefully whether to buy insurance or not. You need to weigh the likelihood of an event happening against the financial hardship that would result if it did. You also need to consider how important it is to you to have the peace of mind that comes from knowing you are protected. If you think that you cannot afford the risk of financial loss or damage, you should consider buying insurance. For more on how to determine your insurance needs, see the Identify your insurance needs section.


Page details

Date modified: