What can the Mike Tyson / Jake Paul fight tell us about insurance?

 

If you were like me, my son and 125 million people last Friday night, you were tuned in (streamed in) to watch the historical event at AT&T stadium in Arlington, Texas.    As brutal as boxing is, it is an amazing sport that requires speed, strength, stamina and intelligence.

I grew up watching “Iron Mike” Tyson display his talent in the ring and at age 58, I was anticipating a battle and expecting an outstanding match.  At 58 years old, Iron Mike was obviously not the same fighter he was in his 20’s.   If you wonder why a 58 year old would risk his health to fight a young man, I can give you 20 million reasons.   He was paid $20 million dollars to lose a fight.

Mike Tyson famously said, “Everyone has a plan until they get punched in the face”.   Then you have to go to your backup plan.

If you were watching the fight on a television, I expect that you were as frustrated as I was….. Resetting the television every 5 minutes because of buffering issues.   I quickly learned that my computer did not have the same buffering issues and quickly set up on my computer so my son and I would not miss any of the fights.  It was frustrating but glad we had the computer as backup.

Lesson:   Always have a backup plan.

We all take blows in life (preverbal punches to the face).   We need to have a plan and a backup.  No one expects to have a loss however, we use insurance products to protect those things that matter most to us.    For most people, our property are our largest assets that build equity year after year.   It seems crazy to me to underinsure and / or use an inferior policy to protect something that is so important to us and our families.     Review your policies annually to make sure the coverage you think you have is the coverage you have.   Insurance is our backup plan to rebuild / replace our property in the event of a loss

 

If you would like a professional agent to review your insurance, call our protection team at 800-362-2809.

You can also visit us at www.getagreatquote.com

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