They all want your money,but consequently when you need it,there's other a catch,or some root they come up with, to preserve from giving you the money..
Answers: If you ever needed to use your insurance (for example = your house burnt down) You would believe within it!
I started in the business during the 500year flood within NC. Anything can happen & it's worthy to be prepared by having insurance coverage
Websters dictionary list insurance as the business of insuring persons or property, a coverage by contract whereby one get-together undertakes to indemnify or guarantee another against loss by a specified contingency or peril, the sum for which something is insured also a resources of guaranteeing protection or safety
Insurance more simply put is a "verbs of a risk".
If you are ever in a situation where on earth you need to collect the benefits it would not come across like a scam. If you never use the benefit next I could see it would seem similar to you waisted your money.
You have to construe of what it means to verbs risk, if you would have have a loss the insurance would have remunerated for that loss, they assumed your risk for you. On the other hand if you have no coverage and you had a loss it would be a complete loss.
Here's a request for information for you, Bradley L.
If you were paying for a condition insurance policy, and one day you be diagnosed with terminal cancer, and your medical bills be reaching $1,000,000 for surgery, chemotherapy, periodic PET/CT scan, and radiation treatments, and all you have to pay out of pocket be your monthly premiums, and a maximum annual copay of $3000, would you think you be being ripped sour?
I didn't think so.
I am going through the above scenario at this moment; be prognosed with 6-10 months to live contained by August, 2006. I'm glad I had insurance to money for all those treatments. I would hold died otherwise.
Some people are basically ignorant and don't know any better when they come up next to questions and statements such as yours.
An insurance policy will do EXACTLY what it say it will do...No more...no less.
My guidance for you is to get erudite on the subject.
people who judge insurance is a scam are simply ignorant. they listen to the medium or just plain dont know what the hell they are chitchat about. they are relations who have have something "bad" happen to them (which is usually a result of them not reading their benefits, but unsurprisingly they would never admit to that).
once you in actuality LEARN what insurance is about and retribution attention to the facts, you will see it isnt a scam. Auto, home and health insurance companies adjectives operate at less than 1% profit over time. Some years they'll enjoy a larger profit and some years they are in the red, so they're not benefiting from your premium as much as you have a sneaking suspicion that they may be.
All policies have restrictions and exclusions. If you don't deduce your policy of course you reflect on they're ripping you off.
oh really? shift ahead and have an catastrophe with your sports car and no car insurance and see how much it take to fix it vs. the cost of the insurance.
I had a hospital emergency room call round a few months ago - cost me $100 with insurance - I saw the statement of total charges - would own cost me over $5000 if I didn;t have vigour insurance that costs me about $70 per month at work
Now what mode of answer did you think you would win here on the insurance site...do you think a bunch of insurance professionals are going to relate you yeah you're right?
you are really ignorant Yes, ably, you clearly have NO notion how insurance works.
People who think insurance is a scam, don't want to be EDUCATED roughly it's purpose, and how it works, so I won't bother to teach you.
Lots and LOTS of relations have be paid by insurance companies for claims. When you try to "do it yourself" and "outsmart" the insurance companies, you draw from what you paid for, and you get rotten advice.
OK, you're confusing "insurance" next to "investment". Investment is where you obtain your money back. Insurance is where on earth you pay a small amount, against the company *maybe* paying a much, much larger amount. Kinda resembling reverse gambling.
As to why insurance companies are so rich - they aren't. I don't buy their stock - they don't build anywhere near the money as Coca Cola, for example. Health insurance companies take-home pay out in claims $.99 for every $1 they whip in. Car insurance pays out more or less $1.07 for every $1 they take surrounded by. Or worse. The idea that insurance companies are raping the public is ABSURD - but popular, most habitually held by people who enjoy no idea what they are discussion about.
*now budge back, and total how many folks must be paying $300 a month for a full year, for health insurance, AND NOT PUT IN CLAIMS, to generate satisfactory money to pay poor James' medical bills. I'll abet you with the math. 277.
I've see many policies repay the limits. Total fire losses on homeowners, serious auto accident paying the full liability limits, etc. Believe me, these nation sure were glad they have insurance & know insurance is not a scam.
Now if a policy pays out $500,000, it will take 1000 $500 policies to bring in up the payout, this is pure premium only, not counting the costs to do business, salary, agent commissions, building costs (utilities, taxes, etc), equipment (computer, programming) costs, etc, etc.
When you buy the policy, you need to read what you are buying, what the coverages are & what the exclusions are. Then, you know up front what is covered & what will not be covered.
If you are not fully truthful with the agent or company when you buy the policy or run for the "cheapest" policy, then you may return with yourself into trouble.
The only "catch" would be an exclusion contained by the policy that you should have read when you received it, that you didn't follow the policy provisions, or you didn't disclose information on the application.
If you expect insurance companies are so rich, talk to your financial advisor to see going on for buying stock in one & see what he or she say...
Insurance for the most part is a rip stale.
Resolved Questions:
If the beneficiary is living another country how long previously the insurance co.will contact her or him?
Is their an agency over insurance company??
Insurance won't replace window...is this right?
Where do you apply for your vehicle insurance license within georgia?
Want to no if the taxes and insurance is included surrounded by the interest individual loan?
How can I see my policy status ?
Answers: If you ever needed to use your insurance (for example = your house burnt down) You would believe within it!
I started in the business during the 500year flood within NC. Anything can happen & it's worthy to be prepared by having insurance coverage
Websters dictionary list insurance as the business of insuring persons or property, a coverage by contract whereby one get-together undertakes to indemnify or guarantee another against loss by a specified contingency or peril, the sum for which something is insured also a resources of guaranteeing protection or safety
Insurance more simply put is a "verbs of a risk".
If you are ever in a situation where on earth you need to collect the benefits it would not come across like a scam. If you never use the benefit next I could see it would seem similar to you waisted your money.
You have to construe of what it means to verbs risk, if you would have have a loss the insurance would have remunerated for that loss, they assumed your risk for you. On the other hand if you have no coverage and you had a loss it would be a complete loss.
My husband and I want to win Life Insurance, oblige!?
Here's a request for information for you, Bradley L.
If you were paying for a condition insurance policy, and one day you be diagnosed with terminal cancer, and your medical bills be reaching $1,000,000 for surgery, chemotherapy, periodic PET/CT scan, and radiation treatments, and all you have to pay out of pocket be your monthly premiums, and a maximum annual copay of $3000, would you think you be being ripped sour?
I didn't think so.
I am going through the above scenario at this moment; be prognosed with 6-10 months to live contained by August, 2006. I'm glad I had insurance to money for all those treatments. I would hold died otherwise.
Some people are basically ignorant and don't know any better when they come up next to questions and statements such as yours.
An insurance policy will do EXACTLY what it say it will do...No more...no less.
My guidance for you is to get erudite on the subject.
Put my fiance on my HSA or own her purchase her own insurance?
people who judge insurance is a scam are simply ignorant. they listen to the medium or just plain dont know what the hell they are chitchat about. they are relations who have have something "bad" happen to them (which is usually a result of them not reading their benefits, but unsurprisingly they would never admit to that).
once you in actuality LEARN what insurance is about and retribution attention to the facts, you will see it isnt a scam. Auto, home and health insurance companies adjectives operate at less than 1% profit over time. Some years they'll enjoy a larger profit and some years they are in the red, so they're not benefiting from your premium as much as you have a sneaking suspicion that they may be.
All policies have restrictions and exclusions. If you don't deduce your policy of course you reflect on they're ripping you off.
What are the different kind of homeowners insurance that companies set aside?
oh really? shift ahead and have an catastrophe with your sports car and no car insurance and see how much it take to fix it vs. the cost of the insurance.
I had a hospital emergency room call round a few months ago - cost me $100 with insurance - I saw the statement of total charges - would own cost me over $5000 if I didn;t have vigour insurance that costs me about $70 per month at work
Want to no if the taxes and insurance is included surrounded by the interest individual loan?
Now what mode of answer did you think you would win here on the insurance site...do you think a bunch of insurance professionals are going to relate you yeah you're right?
you are really ignorant Yes, ably, you clearly have NO notion how insurance works.
People who think insurance is a scam, don't want to be EDUCATED roughly it's purpose, and how it works, so I won't bother to teach you.
Lots and LOTS of relations have be paid by insurance companies for claims. When you try to "do it yourself" and "outsmart" the insurance companies, you draw from what you paid for, and you get rotten advice.
OK, you're confusing "insurance" next to "investment". Investment is where you obtain your money back. Insurance is where on earth you pay a small amount, against the company *maybe* paying a much, much larger amount. Kinda resembling reverse gambling.
As to why insurance companies are so rich - they aren't. I don't buy their stock - they don't build anywhere near the money as Coca Cola, for example. Health insurance companies take-home pay out in claims $.99 for every $1 they whip in. Car insurance pays out more or less $1.07 for every $1 they take surrounded by. Or worse. The idea that insurance companies are raping the public is ABSURD - but popular, most habitually held by people who enjoy no idea what they are discussion about.
*now budge back, and total how many folks must be paying $300 a month for a full year, for health insurance, AND NOT PUT IN CLAIMS, to generate satisfactory money to pay poor James' medical bills. I'll abet you with the math. 277.
Does a doctor and the hospital she is affiliated next to enjoy to whip like insurance?
I've see many policies repay the limits. Total fire losses on homeowners, serious auto accident paying the full liability limits, etc. Believe me, these nation sure were glad they have insurance & know insurance is not a scam.
Now if a policy pays out $500,000, it will take 1000 $500 policies to bring in up the payout, this is pure premium only, not counting the costs to do business, salary, agent commissions, building costs (utilities, taxes, etc), equipment (computer, programming) costs, etc, etc.
When you buy the policy, you need to read what you are buying, what the coverages are & what the exclusions are. Then, you know up front what is covered & what will not be covered.
If you are not fully truthful with the agent or company when you buy the policy or run for the "cheapest" policy, then you may return with yourself into trouble.
The only "catch" would be an exclusion contained by the policy that you should have read when you received it, that you didn't follow the policy provisions, or you didn't disclose information on the application.
If you expect insurance companies are so rich, talk to your financial advisor to see going on for buying stock in one & see what he or she say...
Should I consult my insurance give or take a few my roofing problem?
Insurance for the most part is a rip stale.
Resolved Questions: