The author of the book “Ayn Rand’s Guide to Success,” Lynn Ma, says that most people are uninformed about insurance and wood. She quotes Rand: “Insurance is a means of life, a fundamental part of the human condition.” The author further notes that, according to Rand, “insurance is not a commodity but a moral right.”
The author of the book “Ayn Rand’s Guide to Success” claims that most people are uninformed about wood insurance and do not realize the importance of its protection. She also quotes a quote from Rand’s “Atlas Shrugged,” in which the author describes her experience buying a life insurance policy for her mother-in-law. She relates how the policy did not cover the whole sum of her mother-in-law’s earnings; instead, it covered only ten percent.
Ma says that most people who purchase policies for themselves fail to realize that the policy does not pay anything for loss of income or permanent disability. Thus, they are not even aware of this kind of insurance. In other words, they think that their policies will pay for any medical expense incurred by them or for any accident on their property.
There are many factors that determine the premium that one can expect to pay for a policy like the location of one’s home, occupation, location of one’s business, and many more. Ma says that the size of one’s home also determines the rate one will pay. However, when one purchases a policy from an insurer based in Canada, the rate is lower. This is because Canadian companies do not charge their clients a high premium as compared to those who get their insurance from American insurers.
The book “Ayn Rand’s Guide to Success” also says that homeowners should get a policy that provides them with two years’ coverage. It is better to go with a policy that provides longer coverage than a policy that provides less coverage. In fact, the author of the book suggests that one should get one year policy because such a policy would provide you with ample coverage even if your property is damaged due to a fire. This makes sense since a property that has just been damaged may be a costly one to repair.
One should also get the policy that provides coverage for damage to one’s house. This helps to prevent the insurance company from paying for any costs that are unrelated to the damages caused to one’s home. This is important because the expenses associated with the repairs may be extremely high. If these expenses are covered by the insurance, the insured cannot be charged for those expenses.
The author of the book “Ayn Rand’s Guide to Success” goes into the matter of insuring the contents of one’s home with a policy. She suggests that this type of policy is highly recommended for those who have valuable antiques in one’s house. An additional benefit of having a homeowner insurance policy is that the company will protect the contents of one’s house from damage due to theft.
Furthermore, the book also mentions that the book “Ayn Rand’s Guide to Success” states that having one’s insurance policy provides peace of mind. If one’s belongings get stolen, one’s financial status gets a lot better and one’s peace of mind improves substantially.
It is important to note that there are some factors that cannot be controlled and that are the responsibility of the insured. For instance, one has to consider whether the insured one’s home has an underground water source. If the home does not have an underground water source, the insurer will have to pay for the expenses of pumping out the water and then treating it.
If one’s home is damaged due to water leakage, the homeowner insurance policy may have to cover these expenses. The cost of repairing damage caused to one’s home by fire can also be covered by the policy. However, in most cases, if the damage is minor, one is only required to replace carpets and other home-related items that were damaged. during the fire.
To sum up, a homeowner insurance cover is indeed beneficial for the insured one. It helps one to maintain peace of mind and keeps one’s family protected from unfortunate occurrences.