For most people, the word insurance is synonymous with a lifesaver. When life turns upside down like a roller coaster, insurance serves as a safety net to prevent repercussions such as financial burden, emotional distress, and even serious ones like loss of a life.

It’s true that having an insurance in these crazy times is the smartest decision. Having an insurance is more than just a financial decision—it's a necessity. However, some Filipinos think twice when it comes to getting an insurance either due to misconceptions or lack of knowledge about its benefits. In this article, we’ve got you covered on some of the most important things you need to know about insurance, and why it is crucial to get one today.
What is an insurance and why should you care
An insurance serves as a financial support for Filipino families as it provides assurance in the event of the policyholder's untimely death. As time passed, insurance has evolved to cover a variety of life’s unpleasant events. From covering medical expenses due to a chronic illness, growing your money through investment, or adding savings for your retirement, an insurance provides the most economical method of achieving financial security especially during life’s emergencies.
Invested already? Here’s where you can get started
Before you start calling your preferred insurance provider, know what you need first. Do you want to safeguard your health, your life, your property, or even your latest gadget? Different kinds of insurance cater to different needs. Health insurance covers medical expenses, life insurance gives financial assistance for your loved ones, and gadget insurance, such as Home Credit Device Protection, protects your valuable purchases such as phone in case of damage. Before you start applying for an insurance, consider your lifestyle and priorities.
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Your Do’s and Don’ts when getting an insurance
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**Do: Consider your budget**

An insurance is an investment in your future, but that doesn’t mean it should break your bank. It’s important to find a policy that provides the coverage you need without adding financial burden on your end. Home Credit Protect, for example, offer flexible payment plans for various needs that offer the flexibility and protection without sacrificing your other financial goals. When getting an insurance, always find the right balance between coverage and affordability.

**Do: Review your insurance policy carefully**

Before signing anything and starting your insurance journey, make sure you understand exactly all the benefits of your insurance plan. Coverage limits, exclusions, special conditions, and claim procedures are all outlined in the policy section. If you skip to the signing part without understanding the policy, you might encounter an issue in the future.

**Don’t: Forget to Ask Questions**

We’re all beginners at some point and in this phase called adulting, it’s important to ask all the relevant questions you need to know about insurance. A simple trick is that if something isn’t clear, ask! Whether you haven’t fully understood the coverage limits, or claiming process, make sure you ask all of these to your trusted financial provider. Good insurance providers, like Home Credit, will be happy to help you understand everything so you can make the best decision for your future.

When you think about the future, security and convenience should always be top priority. While having an insurance won’t guarantee you a stress-free life, it is an essential supplement to secure yourself and your loved ones in times of uncertainties. Remember, insurance isn’t just about paying for something you don’t want to use ever—it’s about attaining peace of mind.