Benefits of Getting Insurance
Author:
Jason Momoa
The Persian Empire, specifically the Archaemenian monarchs were the first one to insure their people. Nowadays, a lot of people are insured as a protection against future loss. The insurer\'s motive in business is quite simple. That is to collect payments or premiums at a competitive price from customers, put this into investments, and expenses and losses shall be deducted from the income. Just think of it as a contingency fund or a 'security blanket' set aside for the future. Make sure also that to choose the best insurer to sign a contract with. For the past years, this kind of business has been an opportunity for fraud too.
To be insured means getting benefits from it. In a world where no can predict the future it is important to be insured. Natural and manmade calamities cannot be avoided at times but it is better to be prepared. Getting insured gives peace of mind. There is relief knowing that there are measures taken already in preparation for whatever may happen in the future
Second benefit is for the protection of assets or properties. Acquiring an asset takes a lot of time, money and effort. Most likely physical properties are also targets or insurers to protect. Customers would be more than willing to insure the fruit of their hard labor. That would include protection of cars, houses, and other tangible items. The policies can either replace the damaged property or help in repairing it.
Third benefit is physical protection. Physical protection covers your medical bills, medications and other possible health care expenses. In some countries this is already deducted from the income the citizen is receiving or they are being taxed for it already. In cases where the person insured is physically harmed, injured or disabled, these protections will cover the damages caused.
Fourth benefit is income protection. In any cases where the person insured has no longer the ability to work or earn a living, like the have been incapacitated or disabled these policies can replace the majority of income that should have been gained. The reason of incapacity should be valid as well so that the policy can cover the damage made.
Lastly, there is lifestyle protection. This applies when a family happens to have a tragedy and needs to change their lifestyle. This will insure that the lifestyle that the family has been used to will continue for a certain period. This will cover a portion of the income the earner was receiving before any accident happened. Accident, sickness, and involuntary unemployment are valid grounds for the policy to cover.
Article Source: http://www.articlesbase.com/insurance-articles/benefits-of-getting-insurance-5331126.html
About the Author
Paying premiums to be insured is a necessary preparation for the future. These benefits are made sure to give satisfaction to the customers. This is not only an investment on the part of the insurer but also for the customers. Not only individual persons can be insured but also companies and firms. Insurance can serve many purposes and benefits for business establishments and individuals. 保險 companies make sure that they do their part on the contract as well.
