We all know insurance can seem expensive. A lot of providers tend to think, “I’ve been in business for years, and nothing has ever happened. I don’t need to spend the money on insurance.” Some providers decide that if a child is ever injured, they’ll just reimburse the parents for the copays themselves. Many providers opt out of purchasing an insurance policy thinking that it’s too expensive.
However, did you know that the average in home child care claim is $12,400? That’s a lot of money to be out of pocket if anything ever happens. And that’s just the average, meaning many claims end up costing much more than that. To give you an idea of exactly how much money this is, we’ve put together a list of 12 things you could buy if you had an extra $12,000 lying around.
$12,000 is enough to buy an all-inclusive trip to Hawaii for a family of four. This includes airfare and food and leaves you with enough money to buy souvenirs.
How about a living room makeover? $12,000 could get you all new furniture complete with a big screen TV and sound system.
A family of four could go to the movies and buy snacks four times a week for a year. That's a lot of popcorn.
$12,000 could get you a week-long cruise for two people once a month for a year.
The average national monthly mortgage payment is $1,061. With an extra $12,000, you could pay off a year of your mortgage and save on quite a bit of interest.
A used Prius will cost you about $12,000. And think of the gas money you'd save.
A family of four could eat out at a restaurant four times a week for a year.
Anyone who's ever remodeled a bathroom knows it can get pretty pricey. If you had $12,000 just lying around, though, you'd be set. Jacuzzi tub, anyone?
A decent used boat will run you about $12,000.
If you've ever had to save for a child's college tuition, you know it's not easy. One year of tuition at a state college is about $12,000.
We could all use a spa day once in a while. With $12,000, you could treat yourself to a spa day complete with massage, facial, and nails once a week for a year.
Let's not forget those daycare kids. An extra $12,000 could get you a pretty deluxe playground set for your backyard.
Dreaming about what you could buy for $12,000 is fun. Paying a $12,000 claim is not. Most of us don’t have that kind of money. Start your year off right and save yourself from a potential crisis down the road. If you don’t have professional liability and accident medical insurance, call DCI today to find out how you can get it. Here’s to a prosperous 2017.
