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What is Insurance and Why do I need it?

By June 19, 2017April 4th, 2019No Comments

What is Insurance, anyway?

Insurance is a contract in which the Insurance Company agrees to pay for damages to your property, depending on how it is caused. Insurance can be complicated. The actual purpose of insurance is to return your life to the way it was before the claim happened.

Insurance has many forms and functions, but it really only has one purpose – to provide peace of mind.

Sometimes insurance is mandatory, for example, to obtain a mortgage, drive a car or to own and operate a business.

Here are some other reasons to get insurance:

1. It reduces worry. With the right type and amount of insurance, you can be protected from the risks to property and persons that we face in life every day.

2. It makes it easier to obtain credit. Lenders may be more willing to extend personal or commercial credit it they know that proper insurance is in place.

3. Helps to prevent loss. Brokers and insurers work to help prevent loss with information and advice on road safety, anti-theft, fire prevention and fraud reduction.

4. Frees up capital. Because insurance protects your assets, you do not have to put money aside in case of future losses. This security applies to individuals and businesses.

So make sure you have peace of mind.

Make sure everything you hold dear is properly insured. Call your broker today.

At Pearson Insurance…you will deal with real people.

These are people who will remember you. You will have the comfort of knowing that you will be able to deal with the same broker, so they know and understand your insurance requirements and concerns. We offer choice. We have a number of insurance companies that we can check to make sure you are getting the best policy for the best price. Our Brokers are licensed, professionally trained, and offer expertise that allows them to provide top notch customer service to protect what matters to you and your family. We can leave you with the peace of mind knowing that you are dealing with a brokerage that has been in business since 1935!

Why not come and meet our team. Just click here to see the friendly face at the other end of the phone!