Sometimes things can happen without any warning and in certain instances unforeseen circumstances can lead to monetary damages. While this is always inconvenient it is not always catastrophic if one has a solid insurance policy that can cover any financial losses that would result in the absence of insurance. As such, insurance is critical to possess whether it is home insurance or car insurance or life insurance. From my own personal experience, my car insurance policy has saved me upwards of $2,000 in repair costs over that past five years so it is clearly well worth owning! So, never underestimate the value of a solid insurance policy.