Insurance is VERY necessary
Having insurance sounds strange to people in the rural area especially in the third world countries and development countries. There are various type of insurance that we should consider before make any decision depending on your needs.
Some making decision to have an insurance based on the family, that is they want to protect their family against death, illness, disability and any cost effected by the accidents. For example, if we die, insurance will provide a surviving spouse and our children.
Some making decision to have an insurance based on the family, that is they want to protect their family against death, illness, disability and any cost effected by the accidents. For example, if we die, insurance will provide a surviving spouse and our children.
People that drive an automobile should have car insurance which will protect them in case they are injured or other people are injured at their fault. Home insurance is necessary in case of fire, flood, theft, or any other disasters that may occur and cause one to lose their home. Health insurance protects one from the full expenses of getting well or surgery. Life insurance covers costs for those that live on after you.
Insurance will not cover the damage or disability caused by suicide, attempted suicide or if you willful self injury, indulgence in alcohol, narcotics, drugs, insanity or venereal diseases. Any cost happened prior to inception of coverage also will not be covered.
Insurance will not cover the damage or disability caused by suicide, attempted suicide or if you willful self injury, indulgence in alcohol, narcotics, drugs, insanity or venereal diseases. Any cost happened prior to inception of coverage also will not be covered.
Insurance IS necessary.
Insurance is a very necessary in the litigious society we live in where everybody wants to sue you and others' carelessness in a car or anywhere may empty your pockets. Insurance is like lawyers. We talk about how much we hate lawyers but they suddenly become really important if you get into trouble.