The Illusion of Protection
Shopping for Peace of Mind I've spent the past couple of days shopping for insurance. I heard groans from around the world. This insurance is for the home that we are currently building. You can't get homeowner's insurance on a work in progress, but you do want to protect the premises from theft, fire, vandalism, etc. The policy is called Builder's Risk. It's not cheap. But then, what is? It has caused me to really ponder this whole concept of insurance. All the Things We Insure We insure so many things in our lives. Our homes, our cars, any recreational toys we may possess. In our case, being business owners, we carry business insurance. We own rental properties, so yes—each of those must have a separate policy. Oh, and let's not forget our health. Did you know there are people who have health insurance for their pets? And finally, we insure our very lives. And we do this so that we have a sense of security. Peace of mind. As they say, "You're in goo...
