Play it Safe

Many times we’re confronted with situations where we can either risk it, or play it safe. Sometimes it’s pretty obvious that we’re gambling or otherwise taking a chance, but sometimes we really don’t realize just what we’re doing or how much of a risk we’re taking.

When dealing with insurance, we tend to be a little more of a cowboy than we probably should. This is true, for example, for car insurance. We tend to look at the minimum coverage as the best option, since it has lower monthly payments. This is true for both our own vehicles and rental cars. And worse: if we do get a more comprehensive insurance and then end up never having to use it, we tend to feel, at the least, stupid.

But there’s more to playing it safe than just being able to use all your insurance options or not. For example, let’s look at contents insurance. You can choose to insure your house and not get a very comprehensive home insurance, or a cheap contents insurance package. We’re not going to get into as much trouble you can get if something does happen, as people tend to still like the odds. But having a good insurance does give you something that money can’t buy: peace of mind.