A common reason people might purchase more insurance than they need is because they want to feel more secure and protected, even if it means paying for coverage they may not necessarily require.
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.
An insurance company can cancel your coverage for any number of reasons, all of which would need to be laid out in the policy (contract) that you signed with them upfront. The most common reason that a company would cancel your insurance would be for nonpayment. Other than that, you are probably safe unless you lied about something on the application.
The only reason someone needs a life insurance license or certification is to be able to sell this type of insurance.
It would depend on the reason for your fall, but most likely your insurance would not cover you for that.
The reason why life insurance companies ask about other life insurance coverage is to determine if you have a need for additional life insurance. The insurance companies do not want you to be overinsured.
The reason why you should purchase health insurance from a specifically Christian provider instead of a nondenominational company because if you're a Christian, they can give you a nice discount.
There are many reasons a government contractor would be required to have DBA insurance. The most common reason one would have insurance is for legal protection.
If you are going to be taking an expensive trip, you should generally purchase your insurance at the time you make the deposit on your trip. Most travel insurance policies will not cover pre-existing medical conditions as a reason for cancelation, but many will waive that clause if you purchase within 14 to 21 days after deposit. So that you don't forget to purchase a week or two later and then miss out on this waiver, you should purchase the insurance at the same time as you book your trip.
To remain competitive with other employers for good employees.
You can purchase travel insurance with "cancel for any reason" provision. You are eligible if you insure full trip cost, purchase your policy within 14 days of initial trip payment and able to travel at the time of purchase. These policies are available at Total Travel Insurance.
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Australian business insurance is very helpful and useful in case of disaster. One may never know when a catastrophe may strike, and business insurance will help keep one's Australian business safe and protected.
People collect medieval swords for a variety of reasons. One reason is for their uniqueness.
With spiraling medical costs, the employees without health insurance coverage will be in total jeopardy. As a result, they will absent from their duties frequently and their working strength will gradually reduce to a low ebb. Considering the above scenario, the employers deems it essential to purchase insurance plans for their employees' health coverage.
it is common or a reason
Most people drink because they find it enjoyable.
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.