Insurance Law Panelist John D. Hatch Matters relating to life, health, automobile, and property insurance.
Insurance is protection against life's risks.
We encounter risks by having families, owning or renting property, driving cars, and running businesses. Generally, the biggest risks are unexpected death, disease, and accident. Without insurance, the cost of any of these risks may wipe out an individual's or family's assets. Imagine not having health insurance and having to pay for open-heart surgery. If you're not rich, you're not going to be able to pay the bill.