What Is An Avoider Of Insurance?
They are regular people who, for a variety of reasons, are adamantly opposed to the notion that they need insurance. They have persuaded themselves and those around them that insurance is, at best, just a risky wager that you can’t win unless you pass away or suffer a major accident, and, at worst, is just a scam. Additionally, a recent YouGov survey found that 40% of UK adults actively avoid purchasing insurance.
But Being An Insurance Avoider Isn’t Illegal, Is It?
The police won’t knock on your door if you don’t have building and contents insurance or travel insurance, but if you try to drive anywhere in the UK other than on private property without car insurance, you’ll soon feel the long arm of the law tapping you on the shoulder.
And, God forbid, what would your family do without life insurance if the worst were to happen to you? How would they manage their finances? How would they maintain a roof over their heads or pay their bills? Being uninsured may not be illegal, but there are occasions when going against the norm isn’t the most sane or logical course of action.
What if I want to avoid getting insurance? What if I’d rather use my money for something else?
That is definitely your decision, and in the end, you must consider what is best for you and your family and other loved ones. And because the cost of living problem is unprecedented and once in a generation, it can be all too easy to put off making any financial decisions that could strain your already tight budget.
Until you are certain of the truth, the entire truth, and nothing but the truth, you do not need to make a decision. Since information is power, and it does go a long way, the more you know will help you prepare for whatever the future holds.
Nobody can predict what the future holds, so it is entirely up to you whether or not you choose to forgo insurance, according to David Brewer, CEO and co-founder of Protect Line (https://www.protectline.co.uk/). To learn more about insurance, though, give a broker a call and speak with them. Why not give it a try? At the end of day, it’s your choice to be one of the forty or one of the sixty percent., and you have to do what’s right for you, and your family”