Insurance often provides "peace of mind" because it offers protection against financial loss or uncertainty in various aspects of life. By having insurance coverage, individuals can mitigate the financial risks associated with unexpected events such as accidents, illnesses, natural disasters, or damage to property. Knowing that they have insurance coverage in place can provide individuals with a sense of security and confidence, knowing that they are financially protected in case of adverse situations. This peace of mind comes from the reassurance that insurance provides a safety net to help mitigate the financial consequences of unforeseen events, allowing individuals to focus on other aspects of their lives without constant worry about potential financial hardships.
