There are many things in life that people spend a good amount of their hard earned money to obtain. Items such as a car or a house require a significant investment. If damage to these items were to occur, investments can be lost or require even more investment to repair them. Insurance is designed to protect an investment and relieve some of the financial burden associated with replacing, repairing, or liability associated with ownership. Unfortunately, many people shy away from insurance because they see it as an unnecessary expense when in fact it is indeed necessary.
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