Insurance is one of the final things you need to consider when you’re getting your finances in order. It’s often overlooked (after all, who wants to think about worst-case scenarios?) however it’s incredibly important as it has the potential to save you a lot of money and even keep you afloat in the case of an emergency. Not only that, insurance can give you peace of mind – and that’s pretty important.
Three Panadol, a box of Bandaids and a condom don’t exactly constitute an effective insurance policy.
Scott Pape, The Barefoot Investor