Personal Finance Flashcards
Advantages and Disadvantages of Home Insurance
Protects against damage and other things that may be extensive to fix. Contents are protected both inside and outside of the business.
Premiums are an additional expense to home ownership.
Advantages and Disadvantages of Pet Insurance
Avoids excessive vet fees
Insurance can avoid having to make difficult decisions about treatment on the basis of affordability
An additional expense to protect against the unexpected
May never recover the true value of the policy if the pet is fit and well.
Advantages and Disadvantages of Health Insurance
Used for private healthcare often means treatment can be quicker and with better facilities.
Some compensation Is provided when Ill which can reduce the financial burden and stress during a period of illness.
Premiums can be expensive depending on the level of cover required.
A further expense on something that you hope will not use.
