Are you horrified by shark attacks? Especially in Australia? If you read stores in the media, you will not dare to swim in Australian waters!
According to a report, more people in Australia die each year from lightning strikes or bee stings than shark attacks.
Lesson: Do not over-insure for risks that have a low chance of occurring. If you wish to insure against shark attacks, you should also insure against lightning strikes, bee stings, air crash and traffic accidents. A low cost personal accident policy will cover these risks.
Do not pay too much for insurance, as you will not have enough money for your retirement (which is more likely to occur to you than the insured event)!
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