I was just reminded again of the importance of having good insurance. I was recently in a discussion with my brother-in-law about his son in a car accident that he was in just a few months ago. The important thing is that he was not harmed and he this perfectly safe today but his car is a mess. It was an older car and therefore it was hardly worth ensuring for full insurance but the car is absolutely worthless now. I recently had a similar experience with my own son and he had an accident as well. He did not have full coverage so he had to pay $1000 out of pocket. In his case this car was valuable enough to spend the money and get it fixed correctly. In the case of my brother-in-law the car was not viable enough to even try and get it repaired. Once again whether it’s auto insurance or health insurance it’s very important to think about the value of such things.