mistake-1966448_640 (1)A Texas Insurance Update Every agent offers tips and suggestions on why you should buy insurance. But here are a few reasons not to buy insurance. Insurance is designed to protect you from unknown events that might cause you a financial loss. But you may think insurance is not worth it or just cost too much. So here are our reasons not to buy insurance.
  1. You don’t own a car, walk everywhere or take a bike. You may not need auto insurance.
  2. You are going to win the lottery. You may not need life insurance.
  3. Your rich uncle is going to leave you millions of dollars. Cancel that personal umbrella policy.
  4. Phil Knight just named a shoe after you and your royalties will be millions of dollars. You may not need disability or long-term care insurance.
  5. You are freak of nature, and your doctor says you can’t ever get sick. Maybe it’s time to reduce your health insurance.
  6. You have a time machine so you can travel to the future and save yourself from every accident.
Even wealthy people buy insurance because the value and return on investment are so good. For a few hundred dollars you can transfer the risk of your home burning to the ground, not a bad deal. Since your home is your most valuable asset, you need homeowner’s insurance. It gives you financial protection if something unexpected happens to your home, theft, fire, a natural disaster, or other loss. At J.S. Edwards & Sherlock, we offer a wide variety of homeowners insurance plans that are custom designed to suit your needs. The result is an individualized policy that gives you the peace of mind and protection you need.