General insurance Insurance companies have helped to reduce more damages

Wisdom01

Valued Contributor
It has really helped to curb more serious damages to lives and property. Saving souls from executing their suicidal thoughts, I'm happy seeing insurance companies around. Even if they still have their own demerits but the merits are there for us to justify that they are simply tremendous being around and serving us well.
Yeah most especially some business man and woman who dosent have a back up plan if their business got caught up by fire incidence they might finding it hard settling things and might go into depression ,but insurance have proven to be very helpful in that kind of situation and that's why it's best to subscribe for a policy
 

Chibson

VIP Contributor
there is no doubt that insurance companies have saved a lot of people from damages and suicidal thoughts as you right stated. there are cases where people's properties get damaged and they do not know how to replace them and therefore they go into financial ruins but that kind of problem can be solved by buying insurance package.
 

sincerem

VIP Contributor
There are some people that are into business but they dont insure their business thinking it is of no use. Some even under rate the extent that insurance company can go to save them especially when there is calamity that could have been indemnified by the insurance company. Some business persons have become poor as a result of not insuring their businesses.
That's why adequate business plan is needed to take the business far in other wise investment options. And insurance isn't an omision from that. Those entrepreneurs who are futuristic always consider insurance companies and that has helped them when things weren't going well for them later on. We need insurance in our business to be covered when disasters occurs.
 

Wisdom01

Valued Contributor
There are some people that are into business but they dont insure their business thinking it is of no use. Some even under rate the extent that insurance company can go to save them especially when there is calamity that could have been indemnified by the insurance company. Some business persons have become poor as a result of not insuring their businesses.
Yeah I think you are right , most are skeptical on the importance of insurance company , they have that doubt that insurance would be able to cover the risk they are insuring against ,they taught it's not possible for insurance to cover for such risk , but don't know it's possible too
 

btaliat

VIP Contributor
Yeah, they had heartache seeing their business being destroyed by natural disasters which insurance companies could've handled perfectly. Some of them knows about insurance, and the benefits it can offer they simply neglected and use the money to re-invest thinking insurance is simply finance consuming. But the future explains it all for those feeling bad around insurance, cos many encountered issues insurance could've handled.
There are some people that are into business but they dont insure their business thinking it is of no use. Some even under rate the extent that insurance company can go to save them especially when there is calamity that could have been indemnified by the insurance company. Some business persons have become poor as a result of not insuring their businesses.
 

sincerem

VIP Contributor
Many owner have various illness like heartache and others just because their business was destroyed by one circumstances or the other , so it's best to find a remedy for such situation already just incase the business got burnt or damage the victim won't be too bothered since there is a cover for it
Yeah, they had heartache seeing their business being destroyed by natural disasters which insurance companies could've handled perfectly. Some of them knows about insurance, and the benefits it can offer they simply neglected and use the money to re-invest thinking insurance is simply finance consuming. But the future explains it all for those feeling bad around insurance, cos many encountered issues insurance could've handled.
 

btaliat

VIP Contributor
I could remember some when there was fire incident in some shops around my area, the problem with the transformer was the caused of the fire incident. Those that were under fire insurance were saved and got most of their properties recovered. If not for the insurance, they might have been in debt.
 

Wisdom01

Valued Contributor
They are simply riding on ignorance dear. Such thoughts are bullish to be risky at the end. No matter what we think, money must be spent, and it should be spent wisely. Insuring through insurance company is a wise choice for those business owners operating a big business especially. Because no one knows challenges might even make us lose more than what we could've invested into insurance in the future.
Many owner have various illness like heartache and others just because their business was destroyed by one circumstances or the other , so it's best to find a remedy for such situation already just incase the business got burnt or damage the victim won't be too bothered since there is a cover for it
 

sincerem

VIP Contributor
Despite the huge profit they are making from the business they are doing , they think that going for an insurance cover would actually take all their gain's and profit , and after the business is posed by such risk they start complaining of their business having different faults a very slow development too due to constant build and repair
They are simply riding on ignorance dear. Such thoughts are bullish to be risky at the end. No matter what we think, money must be spent, and it should be spent wisely. Insuring through insurance company is a wise choice for those business owners operating a big business especially. Because no one knows challenges might even make us lose more than what we could've invested into insurance in the future.
 

Wisdom01

Valued Contributor
They don't know about it, they thought business is only about profit. They never knew business face issues of loss too. Some of them are simply ignorant and they don't want to learn to improve their business on order to have coverages in terms of future dangers. Only few of those business owners who are visionary enough took insurance cover.
Despite the huge profit they are making from the business they are doing , they think that going for an insurance cover would actually take all their gain's and profit , and after the business is posed by such risk they start complaining of their business having different faults a very slow development too due to constant build and repair
 

sincerem

VIP Contributor
I think they are thinking of both ways since they are business men and women they are always thinking of only profit and not the loss part, forgetting that it's business and both profit or loss could happen , so they need the protection cover for their business just incase anything happens there would be coverage
They don't know about it, they thought business is only about profit. They never knew business face issues of loss too. Some of them are simply ignorant and they don't want to learn to improve their business on order to have coverages in terms of future dangers. Only few of those business owners who are visionary enough took insurance cover.
 

Wisdom01

Valued Contributor
Some of those people who owns different types of business knows about this which you mentioned still they neglect it. Not that they don't have money to invest, they feel it is of less important to their business run in. But they forgot that, we are living in a world full of surprises, which can bring unexpected dangers tomorrow in our respective business, and property.
I think they are thinking of both ways since they are business men and women they are always thinking of only profit and not the loss part, forgetting that it's business and both profit or loss could happen , so they need the protection cover for their business just incase anything happens there would be coverage
 

sincerem

VIP Contributor
Yeah most especially some business man and woman who dosent have a back up plan if their business got caught up by fire incidence they might finding it hard settling things and might go into depression ,but insurance have proven to be very helpful in that kind of situation and that's why it's best to subscribe for a policy
Some of those people who owns different types of business knows about this which you mentioned still they neglect it. Not that they don't have money to invest, they feel it is of less important to their business run in. But they forgot that, we are living in a world full of surprises, which can bring unexpected dangers tomorrow in our respective business, and property.
 

sincerem

VIP Contributor
Yes, their is no doubt insurance companies existence on Earth have serve in a positive capacity to saving lives and rescueing some persons from suicidal thoughts when they encounter damages to their property. Without them, their could've been more fatalities due to suicidal thoughts when unbeknownst circumstances take away some persons precious belongings that makes life worthwhile.


We can't dispute that insurance never served in a positive capacity rescueing people when they thought everything is lost. That's why it is advised we should seek insurance even if we aren't having challenges at the moment. Cos life is full of unwanted surprises. Our happiness can turn sour tomorrow due to challenges to health, life and our property. But with insurance we are covered in the aforementioned dangers and get benefits back when the unexpected occurs.
 

Mandy96

Valued Contributor
Well I could agree with you in some parts and in another, I think I could disagree because instead of damages to reduce it might increase it due to the fact that the client will be so full of confidence because he or she has the insurer as the backbone to his or her losses.
 

sincerem

VIP Contributor
Definitely, insuring your properties is very crucial in life. This is because life itself is filled with uncertainties and some unforeseen circumstances can occur and create problems for people. But with insurance, people can still have hope if their valuables are damaged or lost. Insurance is really a blessing to us all.
Sure, it's really a blessing to mankind. With all the benefits it offers no one can come and condemn it that it isn't worth it. I know some of them act fraudulently not fulfilling their terms. But many are still legit and running up to this moment operating for long. Anyone who has money that can be enough for insurance premium should not hesitate to purchase any, cos the future benefits are enormous.
 

funmi

Verified member
Definitely, insuring your properties is very crucial in life. This is because life itself is filled with uncertainties and some unforeseen circumstances can occur and create problems for people. But with insurance, people can still have hope if their valuables are damaged or lost. Insurance is really a blessing to us all.
 

sincerem

VIP Contributor
Your reasons are the purpose why insurance exist so that we can safe guard our selves and property against risk , losses and damages. Life comes with unpredictability and as such guarding self aganist happenings is very important. The. More we take out insurance for. Different things the better for us
You spoke admirably well. Your words are simply what insurance is all about. It is at our own service safe guarding of life, health property etc, when dangers unexpected occurs. Life is full of drama, and if we don't prepare for it, it can take us unaware and that's detrimental indeed for the unforeseen circumstances taking us unaware during hard time.
 

Jamoflondon

Verified member
Opposing what your point was, I think the idea of insurance policy usually give the insured some kind of confidence to stand losses which simply means it does not reduce it, it rather give it some kind of inflation opportunity because this could cause the clients to deliberately commit a damage
 

Augusta

VIP Contributor
Your reasons are the purpose why insurance exist so that we can safe guard our selves and property against risk , losses and damages. Life comes with unpredictability and as such guarding self aganist happenings is very important. The. More we take out insurance for. Different things the better for us
 
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