Insurance protects you against the unexpected. If you’re burgled, it can pay for you to replace the things that were taken. If you need medical treatment, it can pay for private healthcare, or it can replace some of your income if you can’t work. If you die unexpectedly, insurance can pay money to your family.

Of course, not all of these may happen, and only you can decide whether you’re willing or able to take the risk. If they do happen, you may have enough savings to be able to manage, but in case you don’t, insurance may help.

Do you need insurance?

There are lots of different types of insurance available and it can be confusing.

Motor insurance is compulsory if you drive, as is liability insurance if you run certain types of business. All other types of insurance are optional. Although buildings insurance is not compulsory, most mortgage lenders will insist you have it. You may consider different types of insurance at various stages in your life. For example, if you’re buying or own a house, or starting a family, you may want to consider protecting your income, borrowing, health and possessions. But if you’re single, have no dependants and are renting or living at home, you may not need all of these.

If you are unsure of whether or not you have the right amount of cover you can contact WSS by clicking on the contact us section.