why does insurance often provide \peace of mind\? people know their insurance coverage will help prevent…

why does insurance often provide \peace of mind\? people know their insurance coverage will help prevent accidents and damage. people trust that they will make a profit if they pay insurance premiums. people are not concerned about their health if they can pay for doctors visits. people are less worried when they know they have protection from risk.

why does insurance often provide \peace of mind\? people know their insurance coverage will help prevent accidents and damage. people trust that they will make a profit if they pay insurance premiums. people are not concerned about their health if they can pay for doctors visits. people are less worried when they know they have protection from risk.

Answer

Brief Explanations:

Insurance provides financial protection against risks. When people know they are covered, they worry less about potential losses, thus getting peace of mind. It doesn't prevent accidents, and it's not for making a profit. Also, the scope of insurance is broader than just health - related doctor visits.

Answer:

People are less worried when they know they have protection from risk.