Insurance is really just that, gambling. You, the insured, are gambling that you will pay less in premiums and deductibles than you will be compensated in the event you have to make a claim. Your Colorado Springs insurance agency is gambling just the opposite. They are betting that you will pay more in premiums and deductibles and then they will ever have to compensate you. Truth be told, the insurance companies almost always win this bet, maybe not in terms of individuals, but certainly in terms of the entire pool of people and businesses they cover. Obviously, if there wasn’t a profit to be made, insurance would not exist.
But there is more to be gained from insurance that compensation. You are also buying yourself some peace of mind. For example, if you buy life insurance, you have peace of mind knowing your dependants will be cared for in the case of your untimely death. If you insure your home, you have peace of mind knowing you can rebuild in the event of a fire.
When it comes to Colorado Springs insurance it is really all a game. If you play it well, you will be well protected, but not overly protected. You will have peace of mind regarding compensation on risks you cannot afford to cover on your own, and hopefully, you will not pay for coverage on risks that you could manage independently.