Insurance is important because of uncertainty of what might happen. Some of the questions you need to ask yourself while considering insurance include:what happens to your family or dependants when you die. So in that case you could organize the financial affairs, service pre-existing debts and have them continue their current standard of living without you. If you were to be seriously injured could you pay for your hospital costs, ongoing treatment, time off work, pay the living costs for you and your family until you are fully recovered, if you are fully recovered? If you are injured and are unable to continue working are you able to service your debtors and maintain any standard of living? If you were to be in a car accident with two other cars and it was determined that the accident was your fault, could you go to a car showroom and buy yourself a new car, pay for repair or replacement of the other two cars and pay for the medical bills of the other drivers and their passengers? If you are ill and need immediate treatment at a hospital but the wait is massive as the public health system is suffering lengthy delays and you deteriorate to the point that treatment is very costly. If your home is broken into and your possessions are stolen, can you replace all the items taken and pay for all the damage to the property caused by the burglars? If you are running a business and someone is injured on your premises by falling over a step or is injured during a robbery, can you cover the cost of their medical treatment and any impending court costs and rulings? These factors are very helpful especially while choosing what kind of insurance package you chose.