June 28th is Insurance Awareness Day. There’s something that most people don’t talk about, don’t think about, and when the end comes it snaps right around and hits them square in the face. Their homes and cars remain unprotected, and there’s nothing to save them when the hammers come down.
Insurance Awareness Day reminds you that taking the time to talk to an insurance agent and get a policy on your life, car, or home can save you and your family at the worst times the future holds.
Insurance Awareness Day has been created in order to encourage people to go over their insurance plan on this day. Insurance offers security in many different situations. It can recover losses and protect loved ones in the event of death, illness, or damage.
While it offers protection, the value of the items and properties we have can appreciate over time and our situations can change. An insurance policy that offered you excellent protection give years ago may not offer such great protection today. This is why it is important for people to review their insurance plans on a periodic basis.
The trouble is that it is very easy to forget about this. After all, there are so many other things to think about! That’s why Insurance Awareness Day was created; to ensure that people are reminded to go over their insurance plans on this date. It also presents a great opportunity for people to learn about insurance in general and the different policies that are available.
Insurance is an incredibly interesting topic, especially when you realize just how old this form of protection really is. We had thought it wasn’t any older than a couple of hundred years, but we couldn’t be more wrong. It actually has a history stretching back far into the past, with the earliest known versions of it being found in 3000-2000 BC.
Insurance has been around so long it’s even found inscribed on the Code of Hammurabi, the first written laws. Imagine that! It even predated what was considered the official foundation of law, that’s some history.
Insurance, as we think of it in the modern age, came into existence sometime around the Great Fire of London, where the devastation that took place brought about the idea of property insurance. While insurance had up to this point had been considered some kind of convenience, it was now clear to the inhabitants of London that insurance was something that could protect a family fortune, and indeed an entire estate in the event of a disaster.
From there sprang all the forms of insurance we know today, including underwriting ventures in the event of failure (common in the age of sailing ships and questionable seas), to car insurance and life insurance. Insurance Awareness Day celebrates the history and necessity of this fantastic invention and encourages people to understand the important role it can play in their lives.