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Relying on insurance can become a problem as various insurers may not pay claims. Time spent challenging denied claims also becomes costly for individuals as well as companies.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoIt depends on our thinking, because every coin has two side we have to take only good one.
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What are some examples of disadvantages to reverse mortgages?
Disadvantages to reverse mortgages include their complexity, their (relatively) high expense when factoring in fees and closing costs, and paying for insurance premiums.
What disadvantages are there to whole life insurance policies?
That basically the policy's are not disclosed to the owner of the policy. Also, that they are not as flexible as other insurance policies. If you run into a financial failure you have to find a way to use your own ways to come up with money.
What are the disadvantages of bancassurance?
1) Unlike insurance agents, banks may lack sales culture as selling a insurance product is different from insurance product. 2) It is difficult to forecast sales to be recieved from the bank employees. 3) High cost involved in giving an extensive training to bank employees. 4) Incentives need to be given to bank employees to promote insurance product.
What are the disadvantages of a Modified whole life insurance policy?
A major disadvantage of a modified whole life insurance policy is that you can never change the face value on your policy. Additional coverage would require the purchase of an another policy. Also the growth potential on your policy is limited.
What are the disadvantages and advantages of bank deregulation?
The main advantages are more financial services under one roof. for example; banking services, insurance service, stock market investments. Disadvantages include; possibility of low quality and reduction of expertise in any single service, intensive competition may lead to failure,
What are the disadvantages of marine insurance?
There are really not many disadvantages of having marine insurance or any other insurance. One of the disadvantages could be the price.
What are disadvantage of marine insurance?
There are really not many disadvantages of having marine insurance or any other insurance. One of the disadvantages could be the price.
Advantages and disadvantages of national health insurance scheme?
disadvantage of national health insurance scheme
Are there any disadvantages in obtaining very cheap home owners insurance?
There are many disadvantages in obtaining very cheap home owners insurance. The main disadvantage to obtaining very cheap home owners insurance is that it may not be reliable due to the price.
What are the disadvantages of home insurance?
The only disadvantage would be that it does cost money.
What are the benefits of private insurance?
There are advantages and disadvantages to private insurance. It's costly is one major disadvantage. This website is a good recap. http://www.ehow.com/about_5336889_advantages-disadvantages-private-insurance.html
Where can one find comparison prices for Home and Auto Insurance quotes?
Progressive, and Wells Fargo has insurance, if you contact them they will give you benefits and disadvantages of Auto Insurance quotes and Home Insurance Quotes.
What are the major disadvantages in having inexpensive car insurance?
One disadvantage of having inexpensive car insurance is that you might not have enough coverage.
What are the disadvantages of a life insurance?
Possible disadvantages may include premium payment, personal questions, and a possible health exam before issuance.
What are the advantages and disadvantages of living in Canada?
Well, one advantage would be beautiful wilderness. Another would be government insurance. A major disadvantage if you are older is that same insurance. One disadvantage is the lack of jobs, but that seems to be getting better.
What are the disadvantages of a cosmetologist?
Some disadvantages of being a cosmetologist is the customers attitudes. Also if you dont work for a big company, then you have to pay your own Health insurance, and you get no paid vacations.
What are some examples of disadvantages to reverse mortgages?
Disadvantages to reverse mortgages include their complexity, their (relatively) high expense when factoring in fees and closing costs, and paying for insurance premiums.
