C.Y.A. which in polite circles means to cover your a@%(you can figure the rest). Many of us take chances within our lives some are uninsured because the thought of a disaster is the furthest thing from their minds.

The overview of the insurance business is that when you buy an insurance policy you are for the most part making a bet against yourself. The bet is that you will not live through a time-period and the insurance companies accepts your bet with the idea that you will live. The same thought process is used for every type of insurance policy.

You are covering yourself, my recommendation is to insure your life, the life of your family and many big ticket items. In most cases, this is a car and/or home.

When it comes to big ticket items, you are required to have full-coverage insurance. Due to the fact that there may be a long-term loan involved, the financial institution wants to protect their financial interests within the purchase.