Trust in the Lord, and do good; dwell in the land and befriend faithfulness. Delight yourself in the Lord, and he will give you the desires of your heart. Commit your way to the Lord; trust in him, and he will act. He will bring forth your righteousness as the light, and your justice as the noonday.
Psalm 37:3-6
Rationalising your
insurance needs can often save you money. You can buy insurance for your
health, house, possessions, income, credit, car, pets and almost any misfortune
that you could imagine happening to you. When you buy something new, like a television
or iPod, you will probably be offered insurance that extends the usual one-year
guarantee to three or five years (it is called ‘extended warranty’). But some insurance is unlikely to do you much good and some can even be a complete waste of your money.
It’s important to
have some types of insurance.
- If you have a motorbike or car, the law in many countries requires you to have insurance.
- If you take out certain types of loans, like mortgages, the lender may require you to have payment protection insurance. If your loan agreement requires you to have this insurance, you should honour the agreement and pay for the insurance; if you do not want to pay for the insurance, you should to find another lender.
- If you own your own house or apartment, it is probably a good idea to have building insurance - unless you have more than enough savings or investments to replace it in the event of a fire or other catastrophe.
- It is usually a good idea to insure the possessions in your home, in case they are stolen or damaged, unless (perhaps) you are able to replace them from your savings.
- When you go abroad for a holiday, depending on where you go it is sensible to get insurance to cover your luggage, health and any legal problems you might have.
I will conclude this
subject tomorrow.
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Copyright © All Souls Clubhouse Community Centre & Church and Philip Evans
2013.
Scripture
quotations are from The Holy Bible, English Standard Version® (ESV®), copyright
© 2001 by Crossway, a publishing ministry of Good News Publishers. Used by
permission. All rights reserved.
Handling
money and dealing with debt can be complicated and neither the author nor
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