Hey everyone, I’ve been trying to get a better understanding of when insurance is truly necessary. I know there are all kinds—car, health, home, travel, etc.—but it feels like people are paying for so many policies they might never actually use. Could we discuss some real-world situations where having insurance actually made a difference, or where not having it led to problems? I’m not looking for recommendations on specific providers—just trying to wrap my head around what types of scenarios justify the cost of insurance. Maybe there are cases where people regret not having it or felt it truly helped them. Curious what others think.
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Travel insurance is one that I underestimated for years—until I really needed it. I was on a trip abroad and ended up needing emergency surgery for appendicitis. It happened in a small town where I didn’t speak the language well, and the hospital asked for upfront payment before treating me. It was terrifying because the cost was insane for someone just traveling with a backpack and a debit card. My insurance policy covered the medical bills and even helped arrange a translator over the phone, which I didn’t expect at all. I had mostly bought it for lost luggage or flight delays, but the medical part turned out to be the real safety net. That trip taught me that insurance isn’t just about “something bad might happen,” it’s also about how prepared you want to be if something does happen unexpectedly and far from home.