WHY PEOPLE GET INSURANCE FOR FUTURE?
Answers: Because you can't insure somethng that has already happened. You never know what accidents, mishaps, injuries, illnesses, and so forth life might throw at you, so someone very smart invented insurance to cover all of life's events.
Future is unpredictable
Prince
Since Future is uncertain. We do not know what will happen in future. To protect the perils which may take place in future, we are getting insurance.
good luck
pnkmurthy(a)yahoo.com
http://www.geocities.com/pnkmurthy/lic.h...
Because if you were allowed to wait until after something happened to purchase insurance for it - every one would wait until something happened and then go buy a policy and the insurance companies would not make any money and go bankrupt.
You can't wait until someone is dead to put a life insurance policy on them. You can't wait until you are sick to get health insurance.
The purpose of insurance is to make financial arraignments on how to handle a loss before the loss happens.
Because Insurance is a contract in which an individual or entity, pays the insurance company in return for the insurance company bearing the risk of loss against specified conditions. The individual receives reimbursement against losses from an insurance company. The company pools the clients' risks to make payments more affordable for the insured.
so looking into the complexities of future one cant predict the actual outcomes, at the same time to keep away from uncertain losses people generally used to take insurance.
one can also get much wider information regarding the insurance plans on a website called
http://www.itrust.in
There is an uncertainty in future. One may or may not be. To compensate the absence of one by financially people are taking insurance.
Anything uncertainty can be insured.
Michigan Auto Insurance query?
My son is 19. Can my insurance company make me, put him on my policy as a rider ( State Farm )? He have his own vehicle which is insured, but is now broken down to the point where on earth he doesn't drive it any more.So if he cancels his policy, would I enjoy to put him on mine?
I have hear 2 different things about this:
1) The vehicle is insured, and can be used by any driver..and
2) The driver is insured, and can use any vehicle.
Thank you adjectives
Answers: Technically, a "rider" is what's on a life insurance policy.
Both your statements are not exact - lots of people spout them, but neither are true surrounded by all cases.
Any household extremity, or someone who has regular access to your motor (even if they aren't a household member), should be listed on your policy. So yes, State Farm can request that you any add him as a planned operator, OR completely exclude him from coverage (meaning, if he cracks up your motor, YOU pay the claim - for your coup¨¦, for the other car, and for the other people's injuries).
Failure to catalogue a household member can result within a denied claim.
1. on most policies, the vehicle is insured, and can be used by any driver occasionally, if they aren't household members, and don't enjoy regular access to the car (less than 10X a year, smaller amount than once a month), if they aren't excluded from coverage. There ARE policies that say, we won't cover an unlisted driver, PERIOD.
2. The "name insured" on the policy (not listed driver, but policy owner), on MOST policies, will own their liability from their own policy carry over onto any motor they drive, as long as the car they drive is NOT owned by them or a household contestant, and as long as it's not a business use (like bus driver, mechanic, auto sales, pizza transport, etc). NOT ALL POLICIES HAVE THAT WORDING.
If he is a licensed driver living in your home and does not enjoy a policy of his own - then yes, your insurance company will require he be down on your policy. The reason is - as a licensed driver living contained by your home it is likely he will use your cars on a regular argument.
Also - even if he is not driving your cars but is injured as a passenger in another's sports car - your son may be able to gross a claim under in no doubt coverages of your policy (b/c he is a resident relative).
As such, State Farm incurs an additional risk. They are going to engineer sure they collect premium for that additional risk.
Hiya:
Any of age driver living surrounded by your household, related by blood or marrige, must be either added or excluded.
If he have his OWN insurance, then you will have need of to exclude him.
If he does not have his own insurance - you will entail to add him OR exclude him.
There would be considerable coverage issues if he be to be in he didn't own his own insurance and was surrounded by an accident within your vehicle if he was a resident contained by your household who wasn't listed on your policy.
Considering he DOES own his own insurance as you indicated - he does not need to be on your policy and excluding him from your policy will set free you some money
Good luck!
~jifr!
I dont really know sorry
Health Insurance?
I am a US citizen, my wife is from Mexico and she is pregnant. I already applied for her green card. But no Insurance company wants to cover her because she does not enjoy a Social Security number, what can I do?Answers: Go to the Social Security Office and apply for a number for your wife. They are not in any means of access attached to Immigration, and by law can not inform regulation enforcement of the number, address, or any information they have on a individual, unless that person is committing fraud against social guarantee dept itself, such as receiving SSI lower than false pretenses.
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