Weboptify Asked: September 29, 20212021-09-29T17:51:24+05:30 2021-09-29T17:51:24+05:30In: Education and learning What are the pros and cons of insurance? What are the pros and cons of insurance? insurance 1 Answer Voted Oldest Recent Anonymous 2021-09-29T17:52:01+05:30Added an answer on September 29, 2021 at 5:52 pm Insurance is a great way to protect yourself financially in case you are involved in an accident or have something stolen. However, insurance can be very expensive and it doesn’t cover everything that could happen. It’s important to know what insurance covers before getting any policy for your house, car, belongings etc. Being prepared with the right insurance coverage is always better than not being protected at all! The pros of insurance include: -protects against major losses -can help pay medical bills if injured by someone else -reduces financial stress during times when money may be tight (e.g., after losing a job) The cons of insurance include: -generally more expensive than paying for things out of pocket -coverage varies by insurance company and policy (e.g., some policies don’t cover certain actions or events) The cons of insurance include: insurance is generally more expensive than paying for things out of pocket. The coverage also varies depending on the insurance company and policy. Some insurance companies do not cover certain actions or events. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Add a Video to describe the problem better. Video type Youtube Vimeo Dailymotion Facebook Choose from here the video type. Video ID Put Video ID here: https://www.youtube.com/watch?v=sdUUx5FdySs Ex: "sdUUx5FdySs". Answer Anonymously Save my name, email, and website in this browser for the next time I comment. Related Questions Would you rather buy business insurance or go without it? Do you think that restaurants should have some kind of insurance to cover themselves in case someone gets food poisoning ... What is one cost of avoiding health insurance? What you should consider before getting insurance Why should I get health insurance and what are the importance? What is insurance and how does insurance companies work? What Are The Importance of Auto Insurance: Explain The Facts, The Benefits, and More? How do insurance companies make money?