If you consider something very important to you, say your health, your profession, your home, your business, your life, and many other assets that you consider invaluable to you, the best protection you can get for whatever things you consider important is insurance. By having the things precious to you insured, you will be able to deal with loss or damage effectively as your insurer will compensate you with claims based on the value of what has been insured in relation to the premium you have paid the insurer for the coverage protection.
You can never really negate the overall importance of insurance. Insurance importance must always be considered, especially on those things that are valuable to you. While most people are familiar with home insurance, life insurance, health insurance, auto insurance, business insurance, and liability insurance, there are other categories that do not necessarily fall under those that can be insured. These are special case type of insurances and their purpose is to provide insurance protection to those who are seeking to having something important and invaluable to them insured.
Take for example world-class professional football players who are highly valued for their football skills. Since their main assets in their profession are their legs and feet, there are some professional football players who actually insured their legs and/or their feet as a means of protecting their livelihood. If they have insurance, should they succumb to serious feet or leg injury, with the root cause of the injury properly within the context of the insurance coverage, then they will properly compensated by the insurer with claims that is within the policy of the insurance purchased.
The truth is that you can never underestimate how important having insurance is. This is because if you get caught in an incident, mishap, loss, or damage, you surely would not want to be caught at a time where you do not have insurance for it. Sometimes, even just the failure to renew insurance coverage for a few days may have dire consequences as the insurer is not liable to pay claims when an insurance policy has expired, even though the reasons for the occurrence are within the confines of the now-expired insurance coverage.