Insurances

Aahh Singapore is getting expensive. Increasing automotive prices, increasing house prices; landed properties, condos and HDBs…Everything's increasing!

And when you've invested so much money into such assets, surely you'd want to protect and preserve it. I think that's how insurance companies make money. Well, some are mandatory while some are voluntary (but if anything bad happens, you're not covered).

Mandatory ones are like car insurance (It's kinda grey here, i know) and voluntary ones are like home insurance, like those form AIG insurance, where you pay a small premium of about $9 (yearly I think). Maybe some scrooges wouldn't want to pay for this, but you never know when disasters can happen. No one is ever safe, you know? And if it happens, who's gonna cover you? Or more importantly, where are you gonna recoup part of your losses from?

And one of the most important form of insurance that usually slips most minds: travel insurance. Yeah, shit happens you know…Like organised robberies on tourists or say you lose your luggage at an airport, or let's say you drive to a neighbouring country and your car gets stolen. Who's gonna cover this? Some car insurances do not cover accidents that occur non-locally, so this might be a huge problem. 

Always be on the safe side. Calculate the costs carefully and decide on your insurances. Best of luck! 

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