Do You Need Insurance?
Insurance are compulsory in certain cases. In others, most kinds of insurance are practically unknown. In addition, the cost of insurance and the type of coverage provided vary widely from country to country. But the fundamental principle of insurance-sharing risk-remains the same.
Naturally, the more property a person owns, the more he has to lose. Similarly, the more family responsibility a person has, the greater the impact if he or she dies or becomes physically disabled. Having insurance can alleviate one's concern about the possibility of suffering a loss of property or a disabling accident.
Yet, is it wise to spend money on insurance even though a claim may never be made? Well, is keeping a spare tire in the car a wasted investment, even if the tire is never needed? The sense of security to the car driver may make the expense of the extra tire worthwhile. While financial compensation cannot make up for certain losses, it may compensate for other losses.
Types of Insurance
Insurance are compulsory in certain cases. In others, most kinds of insurance are practically unknown. In addition, the cost of insurance and the type of coverage provided vary widely from country to country. But the fundamental principle of insurance-sharing risk-remains the same.
Naturally, the more property a person owns, the more he has to lose. Similarly, the more family responsibility a person has, the greater the impact if he or she dies or becomes physically disabled. Having insurance can alleviate one's concern about the possibility of suffering a loss of property or a disabling accident.
Yet, is it wise to spend money on insurance even though a claim may never be made? Well, is keeping a spare tire in the car a wasted investment, even if the tire is never needed? The sense of security to the car driver may make the expense of the extra tire worthwhile. While financial compensation cannot make up for certain losses, it may compensate for other losses.
Types of Insurance
- Property Insurance
- Car Insurance
- Liability Insurance
- Health Insurance
- Disability insurance
- Life insurance