10 Things to Give Thanks for About Insurance

Here are 5 things I give thanks for this year, in regards to the insurance industry.

Even insurance has good points to give thanks for.

Even though insurance companies and required insurance coverage is a common complaint today, there are things about insurance you should give thanks for. As silly as it may sound, insurance is actually a good thing. It just happens to be a good thing that we don’t like being forced to have.

I Give Thanks That We Have to Carry Insurance

Okay, once you stop laughing and pick yourself up off the floor from falling out of your seat, really think about what insurance does for us. We make payments to the insurance company, so that they will make an even bigger payment for us if we are ever in an accident.

I don’t know about you, but there is definitely no way I have room in my monthly budget to be paying for unplanned damages to my car or to someone else’s car that I caused. If it wasn’t for insurance, many people would go broke from having to pay for things like this out of their pocket. That is less money going into other areas of our economy, which just snowballs into an economic problem. I may be exaggerating a little here, but I am sure you see how it would have an effect.

So yes, I give thanks that I have insurance.

I Give Thanks That Other People Have to Have Insurance

If you have ever been in a car accident that was not your fault, you know where I am coming from here. Unfortunately, not everyone does carry insurance, and that creates problems for the people they hit.

I Give Thanks that Insurance is Not Run by the Government

I can see the confused looks on your faces already, so let me clear something up. Insurance is REGULATED not SOLD by the government. This means that the government makes sure that the insurance companies that sell the insurance are doing so ethically and within the law.

Can you imagine what our car insurance would be like if it was government run. We would have to wait two years just to get a decision as to whether they were going to insure us or not, and forget about getting a payment for damages in any reasonable fashion.

Also it’s illegal for an insurance company not to have funds available to pay claims, and with how the government runs on a constant deficit they would be breaking their own law.

I Gave Thanks That We Can Switch

The great thing about our insurance industry is all the options we have. If you ever are unhappy with how your insurance company treats you, you are free to leave them and go with one of the many other insurance companies available.

With so many options, you don’t have to put up being treated badly by an insurance company. You also have a better chance of finding an insurance company that works best for your personality and budget.

I Give Thanks for Insurance Commercials

If you have read many of our posts you will know that we frequently talk about insurance commercials, and how effective they are. But all that aside, insurance commercials are a cheap form of entertainment.

With commercial characters like Mayhem, Flo, and the 21st Century guy, you are bound to at least find yourself smiling when these commercials come on. And anything that makes me break out in a random smile during the day I give thanks for.