Insurance Cost

insurance costNo one needs to be told the price of things today. Especially, the high cost of insurance. We common folk cry at the cost of insuring our ordinary things like car insurance, property insurance and if you can call life insurance ordinary. Inflation and the current world economics are purely to blame.

What about the cost of insurance for the famous Mona Lisa painting in Paris. Can you imagine being in charge of that piece of property – the responsibility alone could kill you? If anything went wrong the whole world would be in uproar. The building where it is housed (Louvre Gallery) is famous enough, what insurance costs on those two items alone must be.

Such tiny things such as gem stones, coins and stamps are insured at incredible costs. Generally one insures these valuable items for replacement, but can they be replaced, I really don’t think so. Things are sometimes not replaceable. The world today puts a price on everything.

People are insured for parts of their bodies. Take Michael Flately (Lord of the Dance) his feet for example are insured for millions, but he made millions as well. But he could dance his way into any insurance company. He’s brought so much pleasure to many people can you put a price on that except treasure it forever.

Are heads of a country insured? The cost for them must be inconceivable. But are they insured in the normal sense, I suppose their own lives are insured privately. But the repercussions for the people and the world are unthinkable. Stock markets crash, jobs are lost, people are devastated. How do you put a value on something as vast as that? But on the other hand even if there was a cost then the country would pay for it.

So many things in life have a cost to them, and sometimes have been at personal cost. To provide such beautiful things for us all to see or hear maybe costly to do, but to that person the returns are plentiful and immeasurable. What is cost?