Nothing stays the same…
Last week British female solo artist, Emeli Sande, broke a UK charts record that had stood for 50 years and was held by one of the worlds most famous rock ‘n roll bands the Beatles. Sande’s debut album “Our Version of Events,” stood on the top 10 UK record charts for 63 weeks, one week longer than the Beatles 1963 album, “Please Please Me.”
Events such as these are good metaphors for building a personal insurance program. The following is a list of three insurance lessons we all can take from Emeli Sande breaking the Beatles 50 year record:
#1 – Nothing Lasts Forever
The Beatles were such an incredibly popular sensation during their time that many experts in the music industry, especially those in the United Kingdom, felt that this record could never be broken.
Our world is always changing, no matter what happens the only thing we can count on is that things will change. So for many people the top 10 charts record in the UK was unbreakable but as of last week, we know that that is simply not true.
When it comes to insurance the most important thing to understand change happens. Insurance allows us protect ourselves in the event that change causes damage in our life.
Whether it’s physical damage to property such as our home or personal possessions or damage to human beings such as kids getting injured in your backyard… change happens and insurance helps us whether the storm.
A good personal insurance program contains auto insurance, homeowners or renters insurance and a solid life insurance program. Nothing lasts forever, insurance helps you prepare for that day.
#2 – Set Realistic Expectations
Though the Beatles top 10 UK charts record lasted 62 weeks, was an amazing accomplishment and at the time seemed to be unbreakable, it was unrealistic to believe that it could never be broken.
By understanding the limitations of insurance we can build our life around the gaps in coverage. This is commonly known as risk management. Practicing good risk management techniques in your life could be as simple as cleaning your gutters out in the spring or making sure that you’re getting your brakes changed on a regular schedule. It’s these small actions that can make a big difference in whether or not you ever have to use your insurance coverage.
#3 – There Will Always be a New Shiny Object
This doesn’t just apply to insurance, but there is always going to be something new. There is always going to be that new shiny object that attracts your attention and seems to provide you with a better cheaper option. When choosing an insurance program I caution you on chasing the next best thing.
Making sure that you are covered to meet your specific need including the needs of your family and your property is effectively done by working with a quality independent insurance agent that understands you and your community. The role of an independent insurance agent is to ensure that you always have the best policy that meets your needs. So when deciding on an insurance program, buy the agent and then let that agent help you determine the best policy.
The Insurance Take-Away
The overarching theme of this article is that things change. When the Beatles set the UK top 10 chart record with their 1963 album, “Please Please Me,” no one could have ever predicted that it would be Emeli Sande that would break it (she wasn’t even alive). What insurance allows us to do is create an umbrella or maybe better put a parachute to help protect ourselves, our family and our personal assets for when the world does change.
If you’d like to work with an independent insurance agent who understands how to help you, protect the people you love and the assets you value please give us a call at 518-777-7777 or you can click here to begin a relationship by email
Thank you and Good luck,
Ryan Hanley, CIC
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