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Why most people refused to Insured their belongings this days?.
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[QUOTE="Mataracy, post: 141279, member: 28733"] I have seen that many people now a days do not see taken insuring of their belongings serious talk less of Insuring there life. Can we say that; people do not trust insurance company that's why they do not like to insured ?. I think since insurance; can be defined as a contract between two parties whereby the one called the insurer for a consideration (premium) promises to indemnity or compensate the other called the insured in event of the happening of the insured peril. Since insurance is a legally enforceable contract, each party to the contract - the insurer and the insured must conduct themselves according to the terms and conditions guiding the contract. So therefore I think with all these analysis people should have find it important to insured their property and even there life. As for me I use to see some people that insured their property and when fire burn up there belonging insurance came to their rescue by providing them with new things in place of the burnt one. This shows how important for some one to insured he/ her property or life under insurance company. Why people scared or refuse to insured their property or life under insurance company? [/QUOTE]
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Why most people refused to Insured their belongings this days?.
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