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

By David T. Hersch

The concept of insurance is has been around for centuries but still some people fail to understand its value and how it can greatly affect a family or a business' financial stand point in times of great need.

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.

They all then sign a written contract that if in a unfortunate event happened to any one of them in open waters and some of them would pass away or even worse, lost at sea, upon the return of the survivors, the gold that they saved will be given to the family of their co- sailor who wasn't too lucky. Doing this, they are already paving the way for the development of the concept of insurance.

Today in our modern living, naturally insurances would not be this crude, but would still retain its original intention, to protect people from financial distraught. There have been a lot of insurance companies who were first insuring buildings from fire have now developed into the large life insurance companies able to insure accidents and dismemberment as well.

And as the progress continues, insurances are no longer simply sold for protection but has been redesigned so that people can also have a medium to invest their money and save for retirement because their money will be earning from the company's earnings and capital gains.

In other countries, insurance can be a bit more extreme and becoming totally absurd at times. There are celebrities who would insure a policy worth millions of dollars to specific parts of their bodies that they claim they use to entertain their fans. And would you believe that there is even an insurance policy to protect you in case of an alien invasion and abduction?

There are people who have more sensible insurances like coverage for precious paintings, antique artifacts, some for laptops and mobile smart phones, etc. Anything that they personally feel is a valuable assets, insurance firms will think about it and sell it to them if they needed it.

When the iPhone 4 was first brought to stores, the term iPhone 4 insurance was just in the companies drawing boards and naturally was unheard of. But as the iPhone 4 becomes more and more famous in the tech community, the need to have insurance protection for it also becomes in demand. And as of to date, iPhone 4 insurance is probably the most sold gadget insurance around. So as the iPhone progresses in design and features from the iPhone 3GS to the current iPhone 4, expect the insurance policies will progress as well.

Ultimately, wanting to have assurance about what you value the most, whether its personal assets or business ventures is never wrong. Yet the visibility of just too many insurance policies circulating in our society just virtually admitting that we all may be just a bit 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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