To insure or not to insure?

Cathy Adams's picture

It’s really quite depressing that the minute I land a great job and start to earn some money, I also have to contend with the more mundane things in life – debt and buying your own insurance.

For years, I’ve been included on my family’s insurance policies so have never given much thought to it myself. When my holiday to Thailand was cancelled, I claimed a refund on our travel insurance. When my phone was stolen, I claimed a new phone on our home and contents insurance.

So when I went seamlessly from education to employment, I assumed only my bank balance would change. Not so - I was soon informed by my gleeful father that providing financially for yourself and moving officially out of the family home also means paying for insurance to cover, you know, your stuff.

I probably should add a caveat here. I’m not totally clueless about grown-up stuff like insurance - I just didn’t expect to have to think about it so soon.

While a lot of insurance is a complete rip-off, past experiences with thefts of mobiles on London buses has at least taught me contents insurance is sort of necessary. So on my parents’ advice, I dutifully logged onto Endsleigh Insurance and got myself a very reasonable quote for covering my most precious possessions (i.e my iPhone and ancient laptop) in my flat. So far, so good.

While basking in my own efficiency, my mobile rang. On the end of the line was a rather insipid saleswoman from the company, offering me a ‘cheaper deal’ than the one I’d just been quoted online. Always on the hunt for a cheap deal, I listened politely. The call went on for a good 20 minutes until she finally said that the cheapest deal was actually online – the quote I’d just found. Needless to say, shopping for insurance didn’t look quite so easy after that.

Despite grappling with various insurance policies, paying back a slew of student debt and watching my salary doing a u-turn out of my account, being an adult isn’t too shabby. It’s quite nice to be able to turn to my parents, Blue-Peter style, and say, “Yes, I insured that earlier.”








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