I like what Chris Rock said about insurance. It is “in case --- happens.” And stuff does happen in life. That is why it is so important to have car insurance, not just to cover your mistakes, but to protect yourself from the mistakes of others.
When I was a teenager, the idea of getting insurance was complicated by the fact that teens are considered poor risks. But there is a way to get the best car insurance rates for yourself or even for your teens.
The same applies to house insurance. If you want your house protected against fire, floods, breakins, or even a bunch of unruly teenagers who throw a party while you’re away, house insurance is the way to go!
Oh yeah, don’t forget about your need for life insurance.