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Why IPhone Insurance Is A Necessity Not A Luxury In Today's Modern Lifestyle.

By David T. Hersch

The notion of insurance is up to now, still being misinterpreted by a few number of folks who has a limited understanding of it although it has been around for probably hundreds of years. Little do they accept the value of it for a business or a family's financial welfare, specially in times of a crisis.

Ancient European sailors who have been given duties to venture to voyages in distant sea journeys seeking fortunes and spices for the king, when given the command to sail out, each of them would raise a certain number of gold coins and then leave it for safe keeping in a bank.

After which, they all sign an contract as they will take a dangerous journey into sea, that if just so happens that one or two of them does not come back alive, the gold they have collected will be given to the widow of that person and his immediate family. This is a unsophisticated form of insurance and providing for the loss of a income provider back then.

In our modern society, insurance takes a whole new different shape and concept. Many insurance companies who were formally known to insure only a building or a home from fire, evolved to actually being a life insurance company that can cover accidental deaths and dismemberment.

As time went by, insurance policies are not just being sold as purely protection but it has evolved too as way for people to invest and save their retirement fund so that their money will grow and earn dividends and capital gains for the participating insurance companies.

There are some nations who have extreme to bizarre insurances available like policies that allow a celebrity to insure a specific body part, like a leg for millions of dollars, stating that they are their assets and if they wounded or injured they will lose money. What about insurance if you were abducted by an alien or injured from a alien invasion, what do you think of that?

People get insurance policies to protect their paintings, antique items, laptops and mobile phones, etc. Absolutely anything they could conjure up and claim as a valued asset so they may justifiably develop a policy for it.

Since the first release of the Apple iPhone 4, iPhone 4 insurance was naturally unheard of. But the need for these tech loving people to protect any unexpected damages to their valued phone, the iPhone 4 insurance may probably be one of the most bought gadget insurance policy to date. As the iPhone progresses, from the iPhone to the iPhone 3GS, to having only 3G capabilities to evolving to the iPhone 4, you can expect that the iPhone 4 insurance cover will evolve with it as well.

Nothing is never wrong with being sure about every thing that you do, whether its business or personal endeavors. But the presence of so many types of insurances in our society is like admitting that we are a culture that might be a bit too bent of being too paranoid.

But one thing we must remind our selves, the concept is here to stay and if it is used properly, it is a life saver.

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