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I assume you mean the reason to purchase insurance. The reason is to spread the risk. For instance with life insurance, everyone will die, you just don't know when you will die. The insurane company takes a very large group of persons and by using the law of large numbers it can pretty much tell you when you will die on average. They also know how much they will pay out at your death by how much coverage you purchase. With auto insurance it is more difficult because they do not know how many times you will have accidents nor how much damage you will do when you have an accidents. But by using large numbers of people and averages they can again figure it out rather closely. Actually most of the time the insurance company looses money on the pure insurance but hopes to have a gain through investing the premiums paid to the company while they are holding it.
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∙ 11y ago
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How does one end Private Mortgage Insurance?
Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.
Where can one find reliable life insurance?
Most likely, a person can find reliable life insurance company in their area through careful comparison of the different life insurance services. There is also a website called "iSelect" where one can compare the different services of life insurance company to help a person decide to choose a life insurance company.
How would a person be able to obtain life insurance with Thrivent Financial?
One is able to obtain life insurance with this company through a Lutheran Church as it is a Lutheran life insurance company. One is also able to obtain this life insurance through first joining their program and proceeding to fill out a form that will qualify one for life insurance.
How can one obtain premium whole life insurance?
One can obtain premium whole life insurance through their current insurance company. Several companies such as TD Insurance and BMO Insurance, offer great rates.
Which banks and insurance companies provide permanent insurance?
There are many different companies that provide permanent insurance. One might receive the best deals from one's local bank or local insurance company.
What are reasons that one would buy Catholic life insurance?
There are some reasons why one would buy Catholic life insurance. The Catholic life insurance company is a non-profit company that returns its profits to members and the surrounding community through community service projects.
Can a California employer have two different policies for contributing to employee health insurance premiums - one for employees who join the company plan and one for those who have other insurance?
Makes sense to me. Why not?
What is a company that represents more than one type of insurance and more than one insurance company?
The company offering more than one insurance and representing more than one insurance company is called Corporate Agent.
Is office contents insurance a reliable insurance company?
Yes, your office contents insurance is a reliable insouciance for a couple of reasons. One reason is that they will cover all your office supplies and give you new ones afterwards.
Is it better to join a low profile insurance company or one that you often see in advertisements?
I would think this answer would depend on what type of coverage you are looking for from the insurance company. Most of the time, bigger companies may provide a better deal so I would compare.
Where can one get car insurance in IL?
One can find car insurance in Illinois from several auto insurance companies. For example, Safe Auto Insurance Company and from a company called The General Insurance.
What are reasons that one would need to purchase business liability insurance?
Business liability insurance protects a company's assets from a lawsuit. If a business is high risk or doesn't have enough capital to cover a lawsuit, they should have business liability insurance.
Where can one get a prudential insurance of the Company of America?
One can get insurance by the Prudential Insurance Company by either calling a local insurance agent or visiting the Prudential website. Once there, one can then sign up for the service.
Insurance company refusing to reinsure because of unregister camper in yard is there a distance in feet which let me get insurance.?
This question should be directed to your insurance company. They are the one's that make that determination.This question should be directed to your insurance company. They are the one's that make that determination.
How does one end Private Mortgage Insurance?
Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.Contact your lender or the insurance company listed on the policy.
How can one contact the Standard Insurance Company?
There are plenty of ways in order for one to contact to the Standard Insurance Company. However, one of the best ways is calling for the Standard Insurance Company via 877 276 6616.
Is peerless insurance a reliable insurance company?
Yes, Peerless Insurance seems to be a reliable insurance company and not one of the many insurance scams that plagues the insurance scene. Good luck!
