Mandy96
Valued Contributor
Insurance is good because it is like an assurance of getting compensated for losing in any risk you take.
Well, there are disadvantages of insurance
Thy are as follow;
1. It does not cover every loss
2. It delays to provide financial reimbursement
3. It recompense as decreasing as possible to increase profit.
1. It does not cover every loss:-yes, it doesn’t cover all loss because there are some certain level insurance policy can not cover because the insurance company also care about making profit.
2. It delays to provide financial reimbursement:- this is one of the problems I personally don’t subscribe to the idea of insuring because at the end they will make it complicated for you when it is time for them to be there for you.
3. It recompense as decreasing as possible to increase profit:- like I said earlier, insurance companies too care about profit because that is why it’s called business. Insurance company is not a charity home where you think you can get favors without paying for it.
Well, there are disadvantages of insurance
Thy are as follow;
1. It does not cover every loss
2. It delays to provide financial reimbursement
3. It recompense as decreasing as possible to increase profit.
1. It does not cover every loss:-yes, it doesn’t cover all loss because there are some certain level insurance policy can not cover because the insurance company also care about making profit.
2. It delays to provide financial reimbursement:- this is one of the problems I personally don’t subscribe to the idea of insuring because at the end they will make it complicated for you when it is time for them to be there for you.
3. It recompense as decreasing as possible to increase profit:- like I said earlier, insurance companies too care about profit because that is why it’s called business. Insurance company is not a charity home where you think you can get favors without paying for it.