"The Act of God designation on all insurance policies; which means, roughly, that you cannot be insured for the accidents that are most likely to happen to you"
- Alan Coren
About this Quote
In this quote, author Alan Coren is discussing the idea of "Act of God" in insurance plan. This term refers to occasions that are beyond human control, such as natural catastrophes or unexpected situations. Coren explains that this designation essentially indicates that insurance companies will not cover mishaps that are highly probable for a person. This might consist of things like automobile accidents or home damage from a storm. By utilizing this term, insurance provider are essentially securing themselves from needing to pay large amounts of cash for occasions that are likely to take place. Coren's declaration highlights the restrictions of insurance and the importance of being gotten ready for unexpected events.
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