Think about every other insurance you have “just in case” and how much you are willing to pay to protect your assets. Would you not agree that the best asset you have is your good name and reputation? Without it you would not have a home, car or boat to insure. Homeowner’s insurance covers damage to your home in the event of a fire or a tree falling through it. If you were to die, you have life insurance so that your family is taken care of financially, your debts are paid off, and your funeral costs are covered. Likewise, you maintain automobile insurance just in case your car needs repaired due to theft, accident, or other reasons. Most of us also have health insurance because we need to be healthy to pay for all of the above.
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