Topic: Insurance is important - page 13. (Read 2313 times)

        -  If we have the ability to get insurance, why don't we get it? Right, as long as we can afford it little by little. For example, I have a son who is a boy; he is still quite young, but I am preparing 1 year from now and would like to get a plan for him, and when I have done that, of course, it will be for myself and my husband.

And the other things, like the car and health,  let's get them too if there's a chance, right? It's better that while we're still strong, we get insurance because it's also for the loved ones we'll leave behind.

Yes that's right. Insurance is important, especially as health insurance is an investment in your future health. It's just that perhaps what @Bayu7adi said was not the essence of insurance but rather the technical problem, not the insurance savings. but ensuring that insurance claims run smoothly, indeed insurance is important, but if claims are difficult, people will be reluctant to rely on insurance. Maybe this is what you need to pay attention to before entering into insurance, choose insurance that has truly been tested for its services.

So it makes people more open minded, because insurance is not only for themselves but for their loved ones too. Nowadays, insurance is really needed, especially for health. For those of you whose parents are older, you will definitely feel the pain, whether it's a mild illness or one that requires regular check-ups. My family and I have insurance.

The word insurance is the same as being secured for future purposes, people keep having this because for the future case scenario might happen to them right now these are the common offered by different insurance company mentioned by @lizarder

In advance if something necessary happen based on the agreement with the insurance is they will cater most of the expenses to their customer, the reason why there are a lot of company offering this someone few of them didn't use their insurance but in some case of course we cannot predict those people came into an accident the insurance company must need to support those needed by their client. Likewise, it's better to have than nothing that's why people keep urging having this insurance but of course as an exchange they need to pay for a monthly subscription or a lifetime well depends.

Statements like this in my opinion cannot be justified, because after all we don't know it will always be healthy or not.  
The economic level also will not guarantee you can bear everything without insurance.  
At least you have one insurance that will cover when something happens that you don't want.  

I myself have a government-run insurance, and it is very useful for my family.  
Regarding the injustice of insurance regulations depends on each insurance policy.  
Indeed, there are some insurance that is naughty and does not even give the customer the rights.
But for government insurance I have never complained about unfair rules or about how they are handled, everything is going well.  

Any insurance will not guarantee perfect health, there will certainly never be.  
It's all been a risk, because to recover 100% it takes a long time like when an accident and there are body parts that have to be amputated, of course that's the procedure and insurance will back up costs for surgery, not give a miracle by regrowing his legs.  

If you are more open and see from the positive side, insurance has many benefits for those who cannot afford it.
Especially if you have insurance that is obtained from the government, and it is free, it will provide an opportunity to be treated well when there are sick family members, We cannot just look at one perception.  

This is what most of the people says when the topic is all about health insurance. Because we're still strong and healthy, we can do a lot of things and we're safe from being sick.

But it's not the whole point. When you take an insurance, it's also giving you the peace of mind that any unfortunate scenario that can happen to us while we're healthy is covered and protected.

That's the whole point about being insured. You don't know what might happen tomorrow or within the next seconds of your life.

Having to work and being secure is one way to think about this. Knowing that you are able to become capable of handling these types of things is right. Being protected and secure is a great way to live because you will never know what is coming next and it is something to be thought about when you have the capacity to.

Some people think of it as "when they need it" but others do it because they think ahead and I think being secure is the best way to prevent headaches in the future and be secure when the unexpected happens.

It's up to you if you want to be ready or not but I believe it's worth pondering upon.

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things. Besides, the regulations in insurance are usually unfair, possibly due to the type of insurance we choose or even the monthly bill we pay. And health insurance cannot guarantee someone's perfect health 100%, like in the case of a body part being amputated due to an accident... the insurance cannot provide a natural human limb that functions like the original. Instead, they compensate with cash, which in this context might sound like "selling our body parts for money."

I see all insurance as still imperfect. So, rather than paying bills for many type of insurance, I prefer to prepare a backup plan in case something suddenly goes wrong, like a business collapsing or losing a job. These situations should be handled with a healthy body. As long as someone is healthy, there are still many possibilities to strive for.

Actually, it's important to have insurance, it's not always a waste of time because this is important in the long term if unexpected things happen. It's just that you choose really good insurance. If you choose a bad insurance company, as you said, paying for insurance every month will be useless.

This kind of reality happens a lot in my country too, where if we go into insurance the service should be good and appropriate, but in reality there are still many whose service is not good, maybe this is what I said from the start, you have to choose a credible insurance company.

I have an example from my neighbor who has life insurance, when the offer is sweet and sweet, but when the heir makes a claim, there are many reasons why the insurance company thwarts the claim by bringing up and looking for the history of the deceased's illness. If you are concerned about the history of the illness, why not do a suitability test from the start? The principle of "know your customer" is not implemented by the insurance company, so it is used as a reason that claims cannot be disbursed. This is very painful for customers and heirs, this is all the result of choosing the wrong insurance company so there is a lot that is not clear.

This is the important point, take care of your health and earn as much income as possible for a better future.

I have heard a lot of horror stories that's connected to insurance and as well as success stories on how insurance helped them to recover from the loss of their breadwinners. And before talking about insurances, I had made sure that I have already one and I have to fill it up again since it's about to expire, the coverage that I have got. I won't pay for monthly dues, I lumpsum it for covering the whole year and next year will be renewed. We have our houses, cars and other things insured and people tend to say that they don't need life insurances. So, if you're trying to protect your possessions, why not protect yourself as well and don't regret that money that you'll use for buying a policy.

If the economy is unstable and market prices change all the time, how useful is insurance? When countries change quickly, the data used to calculate risk can no longer be trusted by insurance companies. Furthermore, insurance coverage is usually low in developing countries. This isn't because people don't know about it, but because they don't trust organisations and can't afford it. If we oversimplify a complicated problem, does insurance really solve everything?

Regarding life and health insurance, there is another side. Although insurance can protect you from financial risks, it usually means higher costs because insurance companies have to pay for operating costs and make a profit. In countries with bad healthcare systems, insurance can make healthcare more expensive and harder to get. If this is the case, is asking for insurance really helpful in these kinds of economies without dealing with systemic problems? Or are we unintentionally supporting a system that could make unequal situations worse?

We all know that we have a different level of financial stability in life especially now that some countries are experiencing inflation wherein rising prices of goods and services  affects people on their financial budget and the cost of living is continuously spiking up while the salaries of the employees are not increased that's why having an insurance or budget for that is quite difficult to sustain nowadays, unless you have other source of income. Insurance is very crucial nowadays and who doesn't want to have insurance or investment? If there's enough money, people will definitely put it in their priorities.

In less developed countries, insurance is often not as highly valued. People there often do not trust insurance companies. They worry that insurance companies will refuse to pay compensation or it will take a long time to resolve claims. In addition, very few people understand insurance well. Even the story in my country, a woman living in an area that often floods every year. She bought home insurance but when the flood happened, she did not receive compensation. She had to repair the house herself, losing a lot of money. They really don't understand the nature of insurance and therefore think it is nothing more than a scam model

Insurance is really necessary for most of us, it's like saving money for emergencies and unexpected situations. But I agree with part of cryptoknight's comment, not everyone can afford to participate in those insurance programs. For developed countries, this is normal, but for developing and poor countries, it is very difficult for many people. Many households in my country have bought insurance for their children but they have not been able to maintain a regular budget and pay insurance on time. They breached their contracts with insurance companies and their money was not reimbursed by the insurance company. It can be said that if a family has the means, buying insurance is a good thing to do, but for families with economic difficulties, that is not possible.

It is so important to insure your home, car & valuables to protect yourself financially from unexpected events. Insurance provides coverage against damages, theft, accidents or as OP says natural disasters that can cause significant financial loss. Without insurance it’d be a disaster, you would have to bear the full cost of repairing or replacing your possessions. In case of an accident or injury, insurance also provides liability coverage, safeguarding you from potential lawsuits & legal expenses. By insuring your assets you get peace of mind knowing that you are financially protected & can recover from unforeseen circumstances effectively.

That's not how insurance works, you pay for it so you don't have to worry in case there's an emergency happening and you don't have the money to spend to help yourself at that time. It's not a waste of time but it definitely can look that way when you aren't experiencing bad things in your life, think of insurance as something that many disregard because they don't need it now but will regret not having it when the need comes to them. You have to be careful about picking the insurance though, you have to make sure that you aren't in one of those that will deny you in your time of need, most of the time, these kind of scummy insurance companies are private owned so be careful.

I did not value the importance of insurance until I saw a lot of occurrences and the whole thing changed my mindset about how important insurance is because if your life is insured then even your family will be financially secure that is the most important thing when you have family, and also insuring your assets is good because there should be any accident then you have the alternative to backup your business best advice insure anything that is insurable.


preparing for the future is just like preparing for rainy days when there are storms you have a cover and that cover is insurance, it might not be important to everybody but to me, it is very important because if you have a business for example and you did not secure it then if there is any disaster or any occurrence then were do you get money to start up but if your insured you have nothing to fear and I know you won't have access to the money paid to the insurance company but your investments are safe, and saving for a situation like this is not advisable because money is losing its value gradually. no matter the price of anything your insurance will cover you.

Maybe for some people it's hard, imagine it's already hard to meet their daily needs, let alone having to pay for insurance, and I see those who run the insurance business get a decent income from the customers they get.
for example, there are 100 thousand people who take insurance this month and they get a salary of a few percent of that, my question is, did those 100 thousand people experience a disaster during that month?
I said less than 1% of people experience disaster, so where does the money go, and how much money do they get after many years?

We really need insurance if at any time something bad happens to us and our family. But of the many insurance companies that exist, we really have to choose them carefully. We have to do research and compare one insurance company with another insurance company. That's so we can get an insurance company that suits us.

Often we are trapped with insurance companies that only make promises to their customers. Still, when we want to use their insurance because something happens to us, they put forward complicated conditions. We must avoid this and that is why we must do more research.

In developing countries, not everyone can have insurance because they have difficulty surviving and meeting their daily needs. They don't think about having insurance but how to survive. This requires attention from the government so that it can provide solutions for those who are still at the bottom of the line.

In fact, it is very difficult for this insurance to reach all levels of society. Maybe in developed countries, insurance is widely used by all people and yes, it is really very useful. Because the average income in developed countries is quite high. But in lower developing countries, people even find it difficult to just earn a daily income and eat. So there is not enough money for them to pay insurance contributions. Because they even have difficulty leaving money to save and invest. Because most jobs in developing countries only pay fairly minimal salaries to their workers. So in essence, insurance is necessary for people who have a middle to upper level of life. But for lower level people, they actually also need it, but most of them don't even know and can't afford to pay the insurance bill. But in my country the lower level of society has been given convenience with free health facilities and the like. So even though poor people don't have insurance, they still won't worry about getting treatment and health. Because the state has borne it. But for the middle and upper class, they really have to have insurance for this.

there is different levels of insurance
as a minimum for running a business... liability
its the legal costs if you or your product causes harm or loss to an employee, customer or guest

then there is buildings/contents insurance. but these can be at different levels. whether its fully inclusive or only contains one or more of:
accidents, arson, no fault fire, flood, storm, lightning, damage, theft, etc