There are certain things in life you do because that’s what being a responsible adult is all about. Taxes. Laundry. And making sure you have the right insurance coverage.
Now, the very real possibility of jail makes it hard to forget to do your taxes. And that mountain of dirty clothes will become a tripping hazard if you don’t wash them. But insurance is rarely something you think about—until you need it, that is.
Here’s the truth: Insurance is boring! No amount of flashing lights or funny commercials can jazz it up. On top of that, if you don’t fully understand it, it can seem confusing, overwhelming, or even like a waste of money. That’s why lots of people drag their feet about purchasing the appropriate coverage.
Insurance Is a Smart Money Move
Here’s another truth: Insurance is actually a really important part of any solid financial plan. That’s because it transfers risk from the purchaser to the insurance company. If something bad does happen to you, you’re not forced into debt or, worse, bankruptcy to pay for it. You’re paying the insurance company to take care of that for you!
That’s a huge relief when you’re in the middle of a really stressful event, like a car accident, a house fire, or a medical emergency. Because you have insurance, you can focus on putting your life back together—not wondering how you’ll come up with the money to do that in the first place.
Insurance Is Stewardship
All of that is reason enough to have the right insurance coverage. But there’s actually one more, even bigger, reason: It’s a form of stewardship and a tool for managing the money God has blessed you with. Yep! Being properly insured is actually a way to honor God.
God calls us to avoid debt (Proverbs 22:7), to take care of our families (1 Timothy 5:8), to leave an inheritance for our grandchildren (Proverbs 13:22), and to be generous (Acts 20:35). Insurance helps to make all of that possible.
You’re avoiding debt by paying your insurance company to cover the cost of a potential hardship. And that alone is taking care of your family. That leaves more money in your pocket to save and invest for your future and theirs, creating a lasting legacy. And you’re making it possible to bless others with your money since, well, you aren’t using it to pay for a major surgery out of pocket, for example.
When you break it down like that, it’s easy to see how insurance can be a tool for honoring God with your money!
Does Having Insurance Mean You Lack Faith?
Having insurance doesn’t mean you’re not putting your trust in God. You can have insurance and faith at the same time, just like you wear your seat belt but still trust God to protect you on the road. You’re taking precautions just in case something bad does happen.
God never promises us lives free from hardship, after all (1 Peter 4:12). We can prepare for inevitable hard times while still knowing God, who is in control of it all, will work it out for our good (Romans 8:28).
Having insurance is just using the brain and the wisdom God has given you for those hardships. It doesn’t mean you’re faithless.