For the most part, insurance commonly only covers 80 percent, so as not to allow taking advantage. For some that they consider high risk, the insurance company top it up with a rider payment.
Insurance companies do not offer against moral hazard eg being fired or pregnant. Health insurances protect themselves by providing incomplete insurances in the form of excess. The coverage is normally patchy, costly and bureaucratic!
Thanks for the informative article! waiting for your next post.- health insurance policy
ReplyDeleteThese are the 4 things you cannot recover in life
ReplyDeleteThe stone after it is thrown
The word after it is said
The occasion after it is missed and
The time after it is gone.
For the most part, insurance commonly only covers 80 percent, so as not to allow taking advantage. For some that they consider high risk, the insurance company top it up with a rider payment.
ReplyDeleteInsurance gives people a chance to protect themselves against the high cost of bad luck.
ReplyDeleteInsurance companies do not offer against moral hazard eg being fired or pregnant. Health insurances protect themselves by providing incomplete insurances in the form of excess. The coverage is normally patchy, costly and bureaucratic!
ReplyDeleteThanks for the information. Very interesting blog insurance for two wheeler
ReplyDelete