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Auto, Health, House INSURANCE and more.

An article i have been wanting to publish a very long time ago but had to cut it to a very short post in order to accomodate peoplea answers and opinions to it before making a larger post to it.



Wikipedia defines Insurance as a means of protection from financial loss primarily used to hedge against the risk of a contingent, uncertain loss.


Further more its states clearly that "An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder".



Like the definition of the word INSURANCE,  meanings come from different and various ways and type of insurance we have in our world of today..


HEALTH INSURANCE, AUTO INSURANCE, HOUSE INSURANCE, To name but a few.



A dictionary will define insurance as simple as a primary cover used to provide financial protection against physical damage, lnjuries or loss of properties resulting from health hazards,  auto accidents, fire outbreaks and alot more causes.


With Insurance shemes on the above mentioned, every liability that could also arise there from gets covered.


The specific terms of auto insurance, health insurance, house insuarance and alot more insurances available vary with legal regulations from different parts of the world.


With strong reason that insurance covers truth in actions and not delibrate damages created by individials with bad intentions to get these said fees or replacements from the various insurance firms.


Now the question to this very post comes thus.


1. How good are insurance shemes?

2. Of what use are insurance schemes?

3. Should people truly get covers for the real deal?

4. When delibrate damages occur, what do you suggest the insurance firms do?



Please make your conteibutions as your answers in the comment section will be featured in a post on the said topic on a future post to be published here on leXHansplaCE
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28 comments:

  1. Great post. Insurance is something I think everyone needs to have!

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  2. I agree, insurance is important to have.

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  3. This is such an amazing post. In today's world we can't live without it and still somehow we don;t know some basic aspects of it. Thanks for shedding the light on the matter.
    www.haircaresquare.com

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  4. Interesting article, there is some good information

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  5. Great post! Informative and helpful!
    Such an important matter too

    Samantha | https://samanthacarraro.wordpress.com/

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  6. Great post! Insurance is highly essential.

    www.topmosttree.com

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  7. Great post. Insurance is essential. Though you might not always need it, that one time you do, you'll be happy you have it. When in doubt...Always read the fine print and ask questions.

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  8. insurance are really important.. especially travel insurances, although I wish I could find something that would offer full protection.. I still got my ass half saved twice with travel insurances.. I wish there was an insurance company that would cover ALL not half or partial

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    Replies
    1. Yes, the travel insurance is a massive one. Am sure there are a few firms that cover all and not half.

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  9. Insurance is one of those things you don't always see the point of until something bad happens. It seems like a waste of money every month but it can be a life saver when that big unaffordable thing goes wrong.

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    Replies
    1. Thats so true, we dont value it as much as we should.

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  10. Insurance is good to have, but I do think that it's kind of a scheme. It's just something you need to have tho.

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  11. There are times where I have suffered because I did not have insurance and now I have learnt from my mistakes. It is important to be insured.

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  12. Insurances are very necessary because no one can ever tell what will happen to you or your property in the future... accidents on the first place may occur in your most unexpected time and place.. so better insure yourself or your property to prevent yourself from such devastating outcome

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  13. Well, my patrents have insurance schemes but I have never taken up one. Im not too sure this is the time i would like to take an insurance but later in life once i start working I am open to insuring some of my properties and assets.

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  14. Thanks for writing about this...Very informative.

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