0
Supposing you are talking about life insurance, a family is generally dependent fot its food, clothing and shelter on the income brough in at regular intervals by the bread winner of the family. So long as he lives and the income is received steadily, that family is secure' but should death suddenly intervene the family may be left in very difficult situation and sometimes, in stark poverty. Uncertainty of death is inherent in human life. It is this uncertainty, that is risk, which gives rise to the necessity for some form of protection against the financial loss arising from death. Insurance substitutes this uncertainty by certainty.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
It is not important to have a life insurance policy.?
It is not important to have a life insurance policy.
Why is liability insurance important in the medical office?
why is liabilty insurance important in the medical office
Why is liability insurance important in medical office?
Type your answer here... why is liability insurance important in the medical office
What is the most important kind of insurance?
Health Insurance, if you can afford it.
How important is it to have accident insurance?
It is important to have accident insurance in order to be prepared for the unexpected. Having accident insurance will prevent major expenses but not all resulting in an accident.
Why are Insurance Leads important to insurance agents?
Insurance leads are important to agents because it puts them in contact with people who are or maybe looking for services they can help provide
Why is liability an especially important type of car insurance?
Liability insurance is an especially important type of car insurance because it covers damages that are your (the driver) fault.
Do you have health insurance and travel insurance?
Yes. It's important to have both.
Why is it important to have insurance?
Insurance is important because it is designed to pay various types of claims depending on the type of policy that applies. Important types of insurance typically include policies that are purchased for an automobile, a home and those provided by an employer, such as a group health insurance policy.
Why is having 21st century insurance important?
Having insurance in general is important; auto insurance especially. Not only is it illegal to drive without auto insurance, but if a person were to get into a car accident, he/she would have to exchange insurance information with the other person involved in the accident. A hefty fine can follow if he/she does not have insurance. The insurance will pay for the damages done so that he/she does not have to pay out of pocket. The same goes for homeowners' insurance. If damages are done to a person's house, then the insurance will pay for the damages. Overall, it doesn't matter if it is 21st Century Insurance or another insurance company. Insurance is very important to have.
Is it important to care about cost of insurance?
Yes, as you will understand when you come to have to purchase insurance.
What is the relationship between insurance and successful financial management Why is insurance important?
vsiii9z0iiok
