Why Buy Insurance?

by Mike A. Zubero

This week while watching a documentary on natural disasters, I was made aware of some startling information. In 1997 and 1998 many natural disasters devastated not only America but other countries as well. "El Nino & La Nina" cost Insurance Companies billions of dollars. Fortunately for Americans, we have insurance to cover almost any disaster imaginable.

While watching this documentary, I found out some interesting information about hurricane Mitch. hurricane Mitch devoloped late in the season last year. It was one of the largest hurricanes ever recorded. Mitch was even more powerful than Andrew which most of us remember as the most costly natural disaster in history. What was most interesting was what Mitch did to the economy of Honduras. It is estimated that its economy has been set back over 30 years.

Being located in South Florida I come in contact with many people from South America. I have learned over the years that many of the South American Cultures have no insurance products at all and even fewer have access to products like we do in America. This lack of insurance is what creates such devastating effects on the economy. With out insurance to replace your most prized possessions you must re-buy and rebuild.

Things like Homeowners Insurance, Life Insurance, Health Insurance, Auto Insurance and many other insurance programs protect Americans from financial ruin. These things help guarantee that we will financially weather the storms of life. So, the next time you find yourself asking the question "why?" remember the peace of mind you get from having Insurance. It is another comfort we, as Americans, take for granted.

Mike A. Zubero may be contacted at zubero@msn.com.
Born in June of 1968 in California my family moved to Florida when I was about Ten. I have grown up in South FLorida and after one tour in the Coast Guard I went to Florida State University. I started in the Insurance Industry in 1988 and have devoted most of my studies to the industry. After graduating from Florida State with a BS degree in Risk Management, Insurance & Business Law, I began to look for work. Since I had graduated top of my class, offers came in but the job market was tough. Most jobs were paying very little and I decided to go on my own. I opened Zubero Insurance Group, Inc. in January of 1994. Fortunately, starting my own agency went very well. Hurricane Andrew had just devastated the area and although most companies stopped writing insurance in the area I sought out those which stayed and prospered from writing the tough to place business. Some times a crisis is not just that but it is in fact an opportunity. Six years later I have a full staff which specialize in Auto Insurance, Homeowners and Commercial General Liability. My agency represents hundreds of Insurance carriers and we only write with A rated carriers or better. The agency clientelle is diverse and although we specialize in a few fields I can not help but write a tough policy when presented. I am on my 14th year in the Insurance Industry and I enjoy giving people information about it. An Insurance Contract is a complex instrument without a basic understanding of it the consumer is at the mercy of their Insurance Company. I hope to help consumers with problems they are likely to run into.

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