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Insurance provides a benefit to society not really a cost. Of course there are premium that you pay but in exchange for the premiums the benefits are there when you need them. Insurance is a vehicle that spreads risk over a vast number of people rather than having it effect individuals. Individual members of society could not handle the risk on an individual basis so they pay a premium in order for the insurance company to take this risk and then with a large number of policy holders they can spread this risk so that each person pays a small portion of the risk.
What else can I help you with?
Is insurance premiums for fire insurance an example of variable cost?
is insurance premiums for fire insurance an example of variable cost?
What does not influence the cost of insurance?
Gas mileage does not influence the cost of insurance.
What insurance services are provided by the Nationwide Building Society?
The Nationwide Building Society offers insurance for the home (buildings and contents), the car, travel, landlord insurance and life & lifestyle insurance.
Would a Freight broker carry insurance and what is the cost?
freight broker insurance what does it cost
Does the color of a car affect the cost of insurance?
No, the color of a car does not affect the cost of insurance.
How much does builders risk insurance cost?
How Much Does Builders Insurance Cost?Builders insurance is usually 1% to 5% of your total construction budget. The accurate cost of insurance is determined by the required level of coverage and the insurance company you have chosen.
Is Life Insurance Society of America still in business?
life insurance society of America was bought out by Madison National life insurance company. 1800-356-9601
What does factory insurance cost?
it cost nothing
Do skylights increase the cost of homeowners insurance?
No. Skylights would not effect the cost of homeowners insurance.
How do car insurance groups affect the cost of your insurance?
Insurance groups negoitiate for lower prices for the members of the group. Therefore if you are a part of the group it will decrease the cost of your insurance.
What does it mean insurance quotes?
Insurance quotes: An insurance quote is an estimated cost provided by the insurance company for an insurance policy. Insurance quotes take into account the level of risk a prospective insured represents as well as the amount of coverage desired.
How much does a physical cost with insurance?
It depends on your insurance coverage. Check with your insurance.
