Importance of Insurance

Recently, I have been conscious about personal finance management. I learned about insurance and investment. Insurance is not an investment but a protection. Having an insurance is a wise move because we don't know what can happen to us in the future. This will also give us peace of mind.

We just purchased our home two years ago thru government financing. It is a good thing that they automatically charge the home insurance. We have a 12 year old car and it has a TPL type of insurance.

Once we have fully paid our home loan, we will get a home insurance from a private provider. We also plan to buy a brand new car and get a comprehensive car insurance for it. But we need first to compare car insurance from different agencies so that we can choose what fits our criteria.


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