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When did the concept of insurance fist start? Surprisingly, a lot earlier than one would think. Insurance is found inscribed in the Code of Hammaurabi: the first written laws. It even predates what was considered the first official foundation of law. Earliest known versions are found in 3000-2000 BC. Modern age insurance as we think of it today came into existence around the time of the Great Fire of London. The devastation of this event sparked the idea of property insurance.
Up to this point in history, insurance had just been considered a type of convenience. It soon became clear to the people of London that insurance could protect a family fortune, or in this case, an entire estate in the event of disaster. Modern day insurance opens the option to insure just about anything: from your car to your vacation, and even medical insurance for your pets.
June 28th is National Insurance Awareness Day, celebrating the history and necessity of insurance and encouraging people to understand the important role it can play in their lives. Assess your plans with an agent and discuss the various types that can protect you and your family. Use the hashtag #NationalInsuranceAwarenessDay to share on social media!
TravelersAlly offers worry-free travel medical insurance, whether you’re taking a holiday, going on a short trip, or flying overseas for business.