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Topic: Insurance is important - page 12. (Read 4381 times)

hero member
Activity: 2058
Merit: 710
March 15, 2024, 05:13:58 AM
If we really have limitations, of course we have to prioritize health insurance first, as you have said, we also won't be able to withstand other needs. If we have to pay for insurance that we don't really need, of course we won't be able to fulfill it. Regarding insurance costs, we have to choose the type of insurance that we really need and we cannot avoid the need for insurance and in my opinion health insurance is very important for us to have even though others are also necessary, but in my opinion the main thing is to have health insurance.
Costs related to health are not cheap and tend to always be expensive so it is not bad for everyone to prioritize them in life and most people will not mind getting health insurance in any way for themselves and their families too. Because of the many important things that must be considered in life, health must be made the main priority in several important things, so it is very feasible to take out insurance against this. However, at this time I have not considered more insurance except just health insurance.
full member
Activity: 2268
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March 14, 2024, 08:06:27 PM
If we really have limitations, of course we have to prioritize health insurance first, as you have said, we also won't be able to withstand other needs. If we have to pay for insurance that we don't really need, of course we won't be able to fulfill it. Regarding insurance costs, we have to choose the type of insurance that we really need and we cannot avoid the need for insurance and in my opinion health insurance is very important for us to have even though others are also necessary, but in my opinion the main thing is to have health insurance.
Because of limitations, we are required to choose what is most important, and I really agree with you that health insurance is the main priority if it is not covered by the state or if we work, but the company does not allocate it. In fact, all insurance is really needed if we have the funds to cover it all, without reducing our daily needs.
If there isn't, then a priority scale must be made and health insurance is very important, because the cost of treatment if you are sick is very expensive, and sometimes you won't be able to pay if you are sick and need treatment.
sr. member
Activity: 1344
Merit: 311
March 13, 2024, 06:28:37 AM
Based on limitation financial and have several kinds of insurance, based on your opinion which one most important and prioritize insurance for joining? I have small fund allocated for insurance because get financial have to spent for other needed, any one has ideas about healthy insurance must be prioritize or the other kinds of insurance.
Pay all insurances seems need to spent much money exactly with every months payment can raise more than $500 regarding the insurance cost in my country, but I want to allocate around $100 and based your suggestion which one more urgent insurance have to join or there are not really important yet with insurance/
If we really have limitations, of course we have to prioritize health insurance first, as you have said, we also won't be able to withstand other needs. If we have to pay for insurance that we don't really need, of course we won't be able to fulfill it. Regarding insurance costs, we have to choose the type of insurance that we really need and we cannot avoid the need for insurance and in my opinion health insurance is very important for us to have even though others are also necessary, but in my opinion the main thing is to have health insurance.
member
Activity: 168
Merit: 77
March 13, 2024, 04:29:46 AM
Insurance is important for several reasons. First, it offers financial stability in the event of an unexpected occurrence, such as illness, accident, or death. Second, it can serve to alleviate poverty by providing a layer of protection for people who are unable to work due to illness or injury, as well as promote job creation by encouraging people to take chances and participate in education and business ownership. It will also lower the cost of delivering social services, such as healthcare and education, by sharing the risk among a large number of individuals. Helping people explain the benefits of insurance will be beneficial to everyone.
sr. member
Activity: 742
Merit: 275
March 13, 2024, 04:11:42 AM

In developed country people have a good monthly salary thats why they actually can ignore insurance but when it comes to developing country insurance gives protection from financial loss in their lives. you know everything is uncertain in our lives. if you are a businessman then you can't guarantee that your business will never see any loss. An insurance company provides financial support at that time. In less developed countries, insurance plays a vital role in providing financial support. In less developed countries, businessmen need more financial support at every moment, cause their backbone is not much stronger. you know it also contributes to our economy.

On the contrary, people who are living in developed countries and also earning a good sum are more likely to have insurance for themselves and their business. They know just how vital insurance is to your health, business and properties and as they can afford it, they’re more likely to pay for it.

While people living in developing with a lower standard of living wouldn’t necessarily have insurance. They may know how important having insurance is but they just can’t afford to part away with the little money they’ve got. The wealthy ones can comfortably afford to have insurance but the average income earner would probably not be able to.
legendary
Activity: 2492
Merit: 1215
March 13, 2024, 02:22:53 AM
Insurance saved me from extra large expenses two times already.

Once aircraft operator lost my luggage when I travelled for skiing. If I would have to buy skiing boots and other equipment, plus do it for two persons, on the spot in a Austrian ski village, I would have spend thousands. Instead insurance that cost around 30 EUR per person covered everything.

The other is the case when neighbors washing machine that lives above me had broken (the hose got deattached from the machine) and for whole working day the water flooded through my flat all the flats below me. When the «house maintenance representative» (dont know how to call him correctly, a person who is responsible for keeping up the house) came, he has pointed that I had to change wallpapers in two places and «around 2m2 of laminate. While the whole flat was destroyed and I had to change all the floor and electric wiring (the water was flooding mostly from electric sockets, and the water pressure was so strong, that it has dropped tv). Again, it would cost thousands to repair all that, while I paid only 100 EUR annually for insurance.

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.
sr. member
Activity: 2226
Merit: 347
March 12, 2024, 07:02:56 AM
People only think about insurance and how good it would be to have it only after something has already happened. People think about car insurance only when they got into accident and repairs cost thousands (while insurance cost hundreds). People think about property insurance only after being flooded or wind destroys their roof for example (while this kind of insurance cost around 100 EUR in my country). People think about traveling insurance when their flight is cancelled or they have lost all the baggage (while such insurance might cost only around 50 EUR). People think about life insurance only after they get into accident and now had to do surgery and numerous doctor visits (while such insurance might from 10 to 1000 EUR).

People, get insurance, it does not cost much. One accident might cost more than all the money spent on annual insurance for years. You never know when problems gets you. Be prepared.
People would really be that confident that there's nothing something that could happen into them and they would really be making out those regrets on the time that they are on such problem.
Well there's nothing they can do about it since things had already been done and happened. They would really be only having those kind of realizations on the time that they should have that insurance
specially if they are someone whose that in short of money. Insurances arent really that too expensive i must say and it is really just that could be paid annually on which it is really a one time payment for every year
on which i would really be that giving out that kind of priority.

No one really knows on what the future lies ahead on which there would really be no assurance that there would really be no accidents that would happen in your lifetime.
Its better to be prepared than sorry or you would really be only that getting one if you have experienced the worst.
legendary
Activity: 2492
Merit: 1215
March 12, 2024, 03:24:23 AM
People only think about insurance and how good it would be to have it only after something has already happened. People think about car insurance only when they got into accident and repairs cost thousands (while insurance cost hundreds). People think about property insurance only after being flooded or wind destroys their roof for example (while this kind of insurance cost around 100 EUR in my country). People think about traveling insurance when their flight is cancelled or they have lost all the baggage (while such insurance might cost only around 50 EUR). People think about life insurance only after they get into accident and now had to do surgery and numerous doctor visits (while such insurance might from 10 to 1000 EUR).

People, get insurance, it does not cost much. One accident might cost more than all the money spent on annual insurance for years. You never know when problems gets you. Be prepared.
full member
Activity: 725
Merit: 142
March 12, 2024, 03:16:28 AM
If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

the issue with some folks is that they feel they are very smart and can always cut corners whenever they want to. Most even when purchasing a vehicle and they are told to do so would look for ways to avoid insuring it and when accidents finally occured, it downs on them that they've shot themselves on the foot.

The importance of insuring ones property and asset can't be overemphasized, if big companies that have safety personels still ensure that there properties are insured, then its glairingly obvious that we can't escape insuring our property. 
full member
Activity: 2268
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March 11, 2024, 07:55:30 PM
Based on limitation financial and have several kinds of insurance, based on your opinion which one most important and prioritize insurance for joining? I have small fund allocated for insurance because get financial have to spent for other needed, any one has ideas about healthy insurance must be prioritize or the other kinds of insurance.
Pay all insurances seems need to spent much money exactly with every months payment can raise more than $500 regarding the insurance cost in my country, but I want to allocate around $100 and based your suggestion which one more urgent insurance have to join or there are not really important yet with insurance/
Financial limitations will make us have to give a priority scale, which insurance should be a priority., But I tend towards health insurance, because at any time, we will not know our condition and at all times the hospital costs are very, large, and sometimes they can be completely unaffordable, and it will be difficult if we have to be treated.

But if funds are limited, of course, it will be a problem that will be faced, because it will prioritize what is most important. I agree that it is adjusted to the situation and also to the country, because each country has different things to determine, because there are countries that do cover some insurance which we don't need to do anymore.

Paying for all insurance if you can is certainly very good. If not, then it is adjusted to the individual's situation, who knows what insurance situation is a priority and is suitable.
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
March 07, 2024, 03:21:30 PM
Based on limitation financial and have several kinds of insurance, based on your opinion which one most important and prioritize insurance for joining? I have small fund allocated for insurance because get financial have to spent for other needed, any one has ideas about healthy insurance must be prioritize or the other kinds of insurance.
Pay all insurances seems need to spent much money exactly with every months payment can raise more than $500 regarding the insurance cost in my country, but I want to allocate around $100 and based your suggestion which one more urgent insurance have to join or there are not really important yet with insurance/
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
March 07, 2024, 03:07:44 PM
insurance are apparently frequently used more in developed country though arguably speaking they have better law that concerns about what the customers should do and what the insurance provider should do, there's a clear line of distinct between what is legal and what is illegal i guess in 3rd world countries it might differ since we know corruption rate is higher there and that also why many are unfaithful against these insurance companies since you know money rule.
but the thing is if at least it could helps us from being cornered into position where we don't have money but we also need to pay emergency bills then I still recommend to get one.
there's nothing wrong with getting one to cover healthcare maybe since it might really helps in the long run.
consequently though it requires proper financial management otherwise it might add burden to the monthly outcome of someone with minimum wages or below.

In developed country people have a good monthly salary thats why they actually can ignore insurance but when it comes to developing country insurance gives protection from financial loss in their lives. you know everything is uncertain in our lives. if you are a businessman then you can't guarantee that your business will never see any loss. An insurance company provides financial support at that time. In less developed countries, insurance plays a vital role in providing financial support. In less developed countries, businessmen need more financial support at every moment, cause their backbone is not much stronger. you know it also contributes to our economy.
You cant really be able to say because i've seen even into those people who are living on first world or someone i do know whose living abroad on which they are really that getting insurances specially into those people who are mindful about when they do gets old then they would really be able to rely with those health care when the time comes because we do know that we cant be able to rely with our children
when they get old on which you and your wife would be the ones who would really be staying up until the very end and this is something that you would be needing to have in mind.

I dont know on where you do get the idea but insurances are really that important and relevant. How much more if you are that someone that could be able to buy or pay up for it?
Who wouldnt really be liking on having some assurance and security that they do have in mind?
hero member
Activity: 2086
Merit: 513
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March 07, 2024, 02:59:29 PM
insurance are apparently frequently used more in developed country though arguably speaking they have better law that concerns about what the customers should do and what the insurance provider should do, there's a clear line of distinct between what is legal and what is illegal i guess in 3rd world countries it might differ since we know corruption rate is higher there and that also why many are unfaithful against these insurance companies since you know money rule.
but the thing is if at least it could helps us from being cornered into position where we don't have money but we also need to pay emergency bills then I still recommend to get one.
there's nothing wrong with getting one to cover healthcare maybe since it might really helps in the long run.
consequently though it requires proper financial management otherwise it might add burden to the monthly outcome of someone with minimum wages or below.

In developed country people have a good monthly salary thats why they actually can ignore insurance but when it comes to developing country insurance gives protection from financial loss in their lives. you know everything is uncertain in our lives. if you are a businessman then you can't guarantee that your business will never see any loss. An insurance company provides financial support at that time. In less developed countries, insurance plays a vital role in providing financial support. In less developed countries, businessmen need more financial support at every moment, cause their backbone is not much stronger. you know it also contributes to our economy.
sr. member
Activity: 1400
Merit: 420
March 07, 2024, 05:24:24 AM
Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.
Insurance has become a very popular topic nowadays. Because day by day entrepreneurs are increasing and everyone is getting insurance for the security of their business. Because natural calamities and storms cause a lot of damage to both business and life due to many incidents, everyone takes insurance to cover their losses. I also think it is better to have insurance.  Because it is a means of backing up a lot of useful losses in times of trouble
sr. member
Activity: 616
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Vave.com - Crypto Casino
March 07, 2024, 05:13:47 AM
Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.
In fact, insurance is very important for our future, be it health, life, vehicle insurance, etc. It's just that there are still many problems, whether important or not, everyone must understand them. The problem is whether or not an insurance claim is difficult, or how to claim the insurance. Because it is no longer a public secret that insurance claims are complicated, especially after so many years, will the insurance company still exist or not?

This problem often occurs in less developed countries and many insurance companies are fraudsters, both their sales force and their companies. As long as there is no clear law that regulates and protects consumers, taking out insurance is very dangerous, the intention to protect can actually end up being detrimental when a disaster occurs. So it's not surprising that many people still conclude that insurance only wants our money, not wants to help us.
hero member
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March 07, 2024, 03:24:35 AM
Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.
insurance are apparently frequently used more in developed country though arguably speaking they have better law that concerns about what the customers should do and what the insurance provider should do, there's a clear line of distinct between what is legal and what is illegal i guess in 3rd world countries it might differ since we know corruption rate is higher there and that also why many are unfaithful against these insurance companies since you know money rule.
but the thing is if at least it could helps us from being cornered into position where we don't have money but we also need to pay emergency bills then I still recommend to get one.
there's nothing wrong with getting one to cover healthcare maybe since it might really helps in the long run.
consequently though it requires proper financial management otherwise it might add burden to the monthly outcome of someone with minimum wages or below.
member
Activity: 462
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March 07, 2024, 12:18:22 AM
We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.
It is prudent to have an insurance cover for your life. The financial loss caused by the unexpected death of the sole earner in a family can be largely covered by an insurance plan. Rest of the family can use this insurance money to pay off their home loan or other debts or secure the future of the child. Some insurance plans also support long term capital preservation that will provide regular income benefits to meet your retirement needs.
hero member
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March 06, 2024, 04:28:03 PM
That's true and it's a real situation that's being dealt by many. It's easier to work for the food that we shall put in the table than to buy an insurance.

This varies to the situation of living and I think poorest of the poor, can't really avail these insurances. But if you're a working person and a family guy, at least allocate to the best that you can for your income's protection and assets too.

We don't want to foresee what may happen in the future but it's the reality that everyone has to go through.
This is why they would really be trusting up everything on God above on whatever the things that might happen into them on which they do know that they cant be able to afford on having that insurances
just because they do give out priority on what they could really be able to put up into their table on which it would really be just that a normal that you would really be giving out priority of it
rather than on considering on taking up or getting some insurance on which they do know that neither they could be able to make use of it or not. That would really be on their least priority
on which we know that this is something that they would really be thinking off with.

Just let people do their thing because when it comes to survival then we would really be doing on what we do see which is right. We cant really make ourselves
give out priorities into something which is more important than with food. We do know on what are the basic and main needs on which it would
be normal that we would be focusing into it.
That's their least priority because they are challenged to bring food to the table but I hope that those families that are in that situation will have a better life in the next few years of their survival.

So that they will get to understand the importance of having an insurance and that also means that they're able to upgrade their lives and are starting to have some relief with their kind of living.

Yes, they will just do their thing and so do we. This is the reality that no one will help you out unless you're able to help yourself out first and have your family helped out first before anything and anyone else.
sr. member
Activity: 2226
Merit: 347
March 06, 2024, 11:20:55 AM
We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.
Insurance is protection.

Protection to our assets, to the things and possessions that we've worked hard. And that's why if you love your family, you're going to get insurance and no matter how wealthy you are, if you think that it's worth it to have it, definitely you'll get one, two or more insurance policies.

Whilst for the poor and don't have that much wealth, this is the best protection that they can have. Many treats it as an investment and some people still get the wrong idea about insurances. We all will die someday and it's up to you on what legacy you'll leave your family.

For most people, they can't afford to buy any type of insurance, reason being, they can't even put food on their table. This is why it is understandable that some people are hesitant to get one because of financial constraints. Whereas, those few who can really afford just like the OP's story have their qualms to get insurance because they are too confident, they don't need one. Well, some people don't want to foresee worst possible scenarios that may come because they feel it won't happen to them.
That's true and it's a real situation that's being dealt by many. It's easier to work for the food that we shall put in the table than to buy an insurance.

This varies to the situation of living and I think poorest of the poor, can't really avail these insurances. But if you're a working person and a family guy, at least allocate to the best that you can for your income's protection and assets too.

We don't want to foresee what may happen in the future but it's the reality that everyone has to go through.
This is why they would really be trusting up everything on God above on whatever the things that might happen into them on which they do know that they cant be able to afford on having that insurances
just because they do give out priority on what they could really be able to put up into their table on which it would really be just that a normal that you would really be giving out priority of it
rather than on considering on taking up or getting some insurance on which they do know that neither they could be able to make use of it or not. That would really be on their least priority
on which we know that this is something that they would really be thinking off with.

Just let people do their thing because when it comes to survival then we would really be doing on what we do see which is right. We cant really make ourselves
give out priorities into something which is more important than with food. We do know on what are the basic and main needs on which it would
be normal that we would be focusing into it.
legendary
Activity: 1946
Merit: 1100
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March 06, 2024, 02:28:56 AM
Why people do skip out on getting insurances?
They would really be thinking up

1. They wont really be needing it as if they wont be totally easily get sick, having accidents, having no plans of investment, totally healthy
I think this is about the only reason most persons that don’t have any insurance on them have got and probably those that are completely ignorant on how the insurance business actually works.

People in actual wants there insured business or policy to always okay out and have it value manifested but, they just don’t give room to the eventuality of the business. Maybe it doesn’t occur in the agreed time according to policy but, there is always room for an extension and it helps in your business survival and whatever is been insured.
It saves cost and prepares you for any eventuality without excuses.

While it might be a necessity in the developed world, the developing and underdeveloped have got little room for it but, it’s just about time though. They will get there one day and probably the low income status of most of its populace plays a role to that.
Insurance misunderstandings go beyond ignorance. Lack of education and awareness, period. People must realise that insurance is a safety net, not a luxury. The question is when, not if. The developed-world luxury argument? Outdated. All require protection from the unexpected

It takes more than paying a premium and hoping for the best. A partnership, mutual agreement. You're investing in your future, not just throwing money away. That developing regions can't afford insurance? Priorities and value matter, not income. Change the narrative and make insurance understandable to everyone. It's time to handle it as a team effort
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