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Five insurance lessons from ‘The Town’

Aug 18 2011

Wayne Texeira Murphy Insurance AgencyWayne Texeira  Marketing Director, CFMP

Just the other day, I watched the movie The Town starring Ben Affleck. It’s another Boston crime drama that follows the relationship between a gang of four friends, who rob banks and armored cars. For those of you who haven’t seen it, The Town refers to Charlestown. While there certainly are cliché moments in the depiction of characters, overall the movie is enjoyable and the action scenes certainly don’t disappoint.

Since The Town isn’t about insurance salesmen, you might be wondering what exactly can this movie teach you about insurance. Admittedly, I wasn’t thinking about insurance as I watched. There is no doubt the smash ‘em and shoot ‘em up factor is over blown by the movie, but art imitates life. By looking at situations that are extreme, you can take away some lessons that apply to our own, more mundane lives when it comes to being protected from various catastrophes. So, here is what you can learn…

lesson one:

Have higher Uninsured and Underinsured limits on your car insurance. While hopefully you’ll never get caught in the middle of a car chase in the North End and get rammed, you can easily be hit by someone with insufficient insurance in a traffic accident or even as a pedestrian. In a nutshell, it will pay for your physical injuries if you’re hit by a car that has no insurance or not enough insurance. Don’t assume that the other guy will have enough coverage because he might not, and then what will you do? It could be a hit and run, and there is no one to hold responsible. Don’t skimp on this coverage…put yourself first.

lesson two:

Collision coverage is worth it! When you’re not at fault in a car accident, you expect the other guy to pay to fix your car. What about a hit and run? There’s no one to hold responsible, or if they do catch the person, what if they don’t have coverage. Collision pays to fix your vehicle regardless of who is at fault. Without it, you’d be paying out of pocket. Every time you watch a car chase and say “WHOA” when they collide, just imagine it was your car. Collisions happen every day.

lesson three:

CRASH! BANG! SMASH! Lots of vehicles being wrecked, and lots of commercial and residential property being shot up…certainly gets your adrenaline going. Imagine if you had to write the check to pay for it! While gunfire probably isn’t a common type of property damage, there are plenty of other situations that can destroy your stuff. Can you imagine what it cost The Town to demolish all those vehicles and other property? No wonder it costs $10.75 to go to the movies.

lesson four:

Don’t delay getting life insurance! Luckily, most of us won’t be robbed at gun point or be caught in the crossfire of a gun battle. But, watching people running for cover and being shot, reminds you that...”You just never know when it could happen”. End of life is certainly not something I like to dwell on, but we learn that lesson every day when you hear of someone passing away. Before being in insurance, I always thought of the emotional toll to a family, but now I also think of the financial stress to a family left behind. The lesson…get your ducks in a row. It’s the only way to protect your loved ones.

lesson five:

Business owners need to consider lots of risks. Beyond the above mentioned property and vehicle damage, insurance policies can cover employee dishonesty, crime (stolen cash), workers compensation, group health, life and disability…the list goes on.

Insurance may not be the subject of any movies that you’re watching…wouldn’t that be a snoozer. But, if you look at the storyline, there is almost always a point where insurance will be involved to help people pick up the pieces and get back on their feet after a catastrophe. The value of having a good insurance agent is that they can help you anticipate situations and make sure you have the right protection. Insurance isn’t about planning for everyday accidents; it’s about planning for the major unexpected events.


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