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Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. Insurance is a way of managing risks. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, known as the premium. Insurance companies invest the funds securely, so it can grow, and pay out when there’s a claim.
Dream Lyne
Wiki User
∙ 15y agowhy is there a need for insurance? why is there a need for insurance?
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Do you need a will for life insurance?
You do not need a will for life insurance. I don't have a will, but I have life insurance. ;)
Do you need insurance on a moped?
no mopeds do not need insurance
Does homeowners insurance pay off your mortgage if one of the homeowners dies?
No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.
Do you need risk management or insurance?
do you need risk management or insurance
Do you need insurance with a permit?
You usually need insurance only when you are licensed.
Do you need insurance for a salvage car?
You only need insurance if you are going to tag it and drive it. If it is just for parts or scrap, you don't need insurance.
Do you need insurance if you ONLY have a driver's license?
No, if you have a car you need insurance but you should have a license because if not you'll get arrested. You also need life insurance and home insurance in case that what you meant
Do you need car wash insurance?
not all car washes need insurance
Do I need insurance if I have my license but no car?
Would you need health insurance is you had no body?
Do I need insurance to rent out banquet halls?
Yes, you will need renters insurance.
Do you need house insurance if you own a dog?
You will need a Pet Insurance if you own a dog. You don't need a house insurance while owning a dog.
What do you need to sell insurance in New York?
You need an Insurance License and and Appointment with an Insurance Carrier doing business in New York You need a New York Insurance License obtainable from the New York Department of Insurance. You will also need an Appointment with an Insurance Carrier doing business in New York
