Investigating Other Types of Insurance

Apart from vehicle insurance, there are several other types of insurance such as life insurance, homeowners insurance, etc. The coverages for these types of insurances are mostly the same.

Part A

Why do banks require home insurance?

Part B

If you owned your home outright, would you pay for insurance? Why or why not?

Part C

Should states have no pay, no play laws for health insurance? Why or why not?

Part D

Explain how an insurance company can pay a large benefit even if it hasnt collected that amount from an individuals premiums.