Financial Education
Jan 19, 2021

Have you had Fire Insurance?

asuransi kebakaran

Can you predict things that might happen in the future? When you are asked about this, you will generally shake your head.  Obviously no one is capable of seeing their future clearly.  In short, your future is unknown to you and is still unclear.  If good things are going to happen, then it won’t be a problem.  But life is always bipolar.  Nothing stays on the positive side forever.  There is always a possibility that the unfortunate or bad things happen in our lives.  We will not be lucky all the time.  There are times when we experience the unexpectedly bad things.  And that also applies to our future. We must prepare for unfortunate events that may happen in the future.

Have you had Fire Insurance?

With regards to the above explanation, it may be better for us to provide a concrete example directly so that it will be easier for you to understand the key points of this article.  Let’s just take for example, our house which we certainly consider valuable.  In the future, it is possible that good things will happen to our home.  Nonetheless, bad things may also possibly happen.  One of the unfortunate events that might happen to your house is fire.  Lately we often read the news or watch on television about how people are losing money because of fires.  Their assets are forfeited and they are in financial distress.  If that happened to you, what would you do?  So you will find the answer here, before anything happens, make sure you have your house covered with fire insurance.

At this point, you may be wondering why you are advised to have fire insurance. Can this insurance prevent a fire from occurring?  As mentioned earlier, good things and unfortunate things happen in our life side by side.  We cannot refuse or make bad things not to happen in our life.  Unfortunate events are inevitable.  However, what we can do is to reduce the risk.  And this is why fire insurance is one of the most reliable and effective solutions.

When a fire breaks out, of course you will try to put it out.  However, when the fire has been extinguished and some parts of the house or even the entire house have been burned, what can you do? If you don’t have fire insurance, there is nothing you can do at all.  You can only grieve over the losses that already happened in front of you.  However, if you have protected your home assets with insurance, you only need to report the fire that occurred and make your claim to the insurance company.  Later the insurance company will process and provide compensation for your loss.  In other words, you can avoid financial losses.  The fires cannot be avoided, but you can avoid bankruptcy.  By using the money from this insurance, you can build your house again so that your life will still be fine.

So are you interested in having this insurance? As it really benefits you, I believe you should be interested.  One tip for you.  If you want to have fire insurance that can satisfy your needs of having a good protection, make sure to purchase it from a well-known insurance company.  Don’t be tempted to buy an insurance because of regular low premium amount, it may create another risk that may harm you in the future.  It’s better for you pay a little more expensive premium, but your assets can be fully protected or you can even take advantage of it.