If you want to drive a car or take out a mortgage to buy a house, you’ll be required to buy insurance. Insurance protects both you and others from calamity and makes it possible to take risks that would otherwise be too great. If you want to drive a car or take out a mortgage to buy a house, you’ll be required to buy insurance. Insurance protects both you and others from calamity and makes it possible to take risks that would otherwise be too great. Lenders could not afford to advance us hundreds of thousands of dollars to buy a home if they knew that if the home burned down, we would simply walk away and stop paying our mortgage because few of us would have the savings to rebuild our homes. And getting into a car accident without insurance would potentially leave the drivers of all the involved vehicles without a way to get to work and with no money to pay for medical treatment.
Read more: Introduction To Insurance https://www.investopedia.com/university/insurance/#ixzz4yfaiMzT5 Follow us: Investopedia on Facebook Comments are closed.
|
AuthorBrady Aldinger |