Times are bad, we can’t deny it and we can possibly expect more to come as things aren’t going to up heading up anytime soon. Many people have lost their jobs and even though the government is trying hard to create job opportunities, I think we can’t possibly reach the employment rate of when things were going good.
In such times, I can only imagine things to be getting worse socially too. My guess is that crime rates will escalate. It does help that there’s been a cut of foreign workers in the country.
What triggered my thought on this was an email I received from a friend today. Attached in the email was a video clip that showed how a gang of men attempted a robbery in broad day light in some housing estate. They drove their car right up to the doorstep of the victim and just rushed into the house with parangs in hand, and they all wore helmets.
The video clip was taken from a CCTV that was installed on the porch. It was really a scary scene. Luckily no one was harmed or injured from what little I could see from that clip. I think the victims managed to lock up their door and the robbers couldn’t get in. Thank God for that!
I sometimes wonder if we should all take up extra insurance policies in times like this. Of course, this is provided we can afford them. It may not be such a bad idea after all, seeing how unexpected things unfold in the recent years. And who’s to know they won’t continue coming? I remember when I was approached last year by a supposedly life insurance lead agent, I declined any more policies as I felt that it wasn’t necessary. I’m not so sure now…
What do you think? Do you think you should insure more when times are bad or less? There was also a similar wondering on this topic here on My Financial Thoughts. I guess I’m not the only one who’s asking this question. Are you asking it, too?
{ 2 comments… read them below or add one }
I say buy buy buy. Even when times are good, there is never such a thing as over insure. And because of the recent change in the economy, we bought a policy for my husband’s shop – theft and fire. Because times are bad, theft is on the rise and you never know when our beloved TNB’s switch boards will fail and create a spark!
How true…but touch wood!! It’s a good thing to know that there are financially sound people with good financial EQ towards their money management!