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In general, why do individuals purchase insurance coverage rather than just putting money aside into a savings account in case of emergency?
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4 votes
In general, why do individuals purchase insurance coverage rather than

just putting money aside into a savings account in case of emergency?

User David Wolever
by
5.2k points

2 Answers

4 votes

Answer:

you dont know if u would have enough for whatever emergency it is

Step-by-step explanation:

User Cboden
by
6.2k points
7 votes

Answer:

That insurance can pay off some debt, for example, for you.

User MSalters
by
6.2k points
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