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Topic: Insurance is important - page 18. (Read 4668 times)

sr. member
Activity: 742
Merit: 275
November 30, 2023, 05:59:46 PM
It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

Insurance services is open for everyone. Everyone who can afford it of course. Incidentally, the poor and in some cases, the average family don’t make enough money to afford those services. They barely have enough to live on and are more worried about problems they’re currently facing than unforeseen ones that may pop up later in the future.
Not all insurance companies offer the same service and not all can be said to be reputable. There’re shady companies that would try not to pay righteous claims even after investigations. With everything, including looking for the right insurance company that provides the services we want, we’ve got to do our due diligence.
hero member
Activity: 2058
Merit: 710
November 30, 2023, 04:01:04 PM
because this case in lower developing countries is very difficult to implement, because they have low incomes, people only have enough to pay for their living needs, and they are lucky if they still have a little left to save.
I think the economy of a region or country will be improved first, then people will be able to use insurance.
It will not be easy to implement insurance if the community's economy is still in a bad condition, but that doesn't mean it can't be done by people who really want to get insurance in their country. Because I also see that there are many people who want to have insurance for themselves even though they live in undeveloped or developing countries. So if we examine each individual personally, this is still possible in developing countries even though this is not shared by everyone in that country.
legendary
Activity: 3346
Merit: 1191
November 30, 2023, 03:39:23 PM
It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

I can't agree more with you... it's easy and simple to say that insurance is important, but every insurance costs. It's not only about making enough money on our jobs, it's about making more money with our investments, hell even the gambling game BlackJack has insurance when the dealer has an ace. Everything comes down to a simple thing, paying insurance if paycheck/possible profit is low doesn't payoff in the long run.
And as you wrote, not all insurance offers the same services... so not all the situations are covered. There wouldn't be so many insurance companies making money without tricks, that's for sure.
legendary
Activity: 3122
Merit: 1140
November 30, 2023, 01:59:31 PM
This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.
Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with
Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.
Not all insurance companies are honest. We constantly hear of dishonesty and malpractice, right? This shows that humans often put self-interest before ethics. It illustrates the delicate relationship between morality, profit, and survival in business. In many situations, insurance firms have provided support. Doesnt it show the industry's capacity for good?

Many share your concern about insurance's bad-over-good ratio. Is this perception a result of unfavorable media coverage and selective attention? Psychologists call this the negativity bias - focusing on the bad rather than the good. Recognizing this makes insurance provider selection more objective. We must examine, understand, and adapt policies to our needs. This strategy seems more balanced than relying on universal distrust to manage the insurance world.
If you are someone who do have plans on getting some insurance then it would really be that best or suggested that you should really go after with those who do have names or simply have the reputation
and credibility on which you would really be that making yourself that confident that they could last a lifetime or something that you could really be able to make claims whenever things turns out to be shit.
This is the main or real purpose of insurance, yes you might be paying up on something which it cant happen into you but it is really giving out that kind of peace of mind just incase that you would really be that gone
and your family are the ones who would really be able to get some benefit just in case that happens. Same goes when it comes to medication on which it is really that a great help if you do have insurance
and same goes if you do have cars that you do possess.
sr. member
Activity: 1022
Merit: 252
November 30, 2023, 12:16:55 PM
It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.
Some policies are designed to work around certain fiscal limits. Prioritize important coverage like as health and income protection, gradually extending as your financial condition improves. It's a proactive move in ensuring your family's well-being. Seeking advice from insurance professionals or financial consultants can also help you build a plan that meets your needs while remaining within your budget. Remember that the peace of mind that insurance gives frequently surpasses the initial expenditure.
sr. member
Activity: 1386
Merit: 406
November 30, 2023, 11:08:08 AM
Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.
In my country insurance is bad company and have two top legal and trusted insurance have been collapse without responsibility for user get their money refund. Actually I am not agree have to protect with all investment assets with insurance and looks healthy insurance is realistic right depend how much cost when we get treatment. All hospital have been connected with many kinds of healthy insurance but the other kinds of insurance look not urgent and focus with healthy insurance only if you have not good financial condition.

I have the same opinion with you many insurance companies become scam and easily run away how much user money without responsibility yet although we are joining with government insurance. In my country have government insurance with saving protect but when collapse they are not refund yet and many of the CEO and staff take much money until under rest.
I think insurance companies are readily available in every country and these insurance companies are at every level from the grass root level. Insurance company representatives spend a lot of time chasing people they can brainwash and insure. There are some countries in Middle East where some class of people are big believers in insurance and they think insurance is a blessing for them. As a child I used to see different people from insurance offices coming to our house to get insurance but since then my family didn't believe in insurance due to which they wasted a lot of time but couldn't get anyone insured from our house. None of my family members have insurance and I will probably never need insurance either.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
November 30, 2023, 08:12:50 AM
If we are given the opportunity, then we should also make use of it to insure ourselves and the properties we have, the general approach many have towards this is that they believe that those that should to on insurance should be those that have alot of properties assets because they will have the required financial stand to pay in for the service and also benefited from using it, but if there are low level insurance for the average individuals, then we can also go in for them and have ourselves insured together with our belongings.


because this case in lower developing countries is very difficult to implement, because they have low incomes, people only have enough to pay for their living needs, and they are lucky if they still have a little left to save.
I think the economy of a region or country will be improved first, then people will be able to use insurance.
sr. member
Activity: 2436
Merit: 455
November 30, 2023, 07:12:52 AM
It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
November 30, 2023, 05:36:42 AM
This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.
Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with
Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.
Not all insurance companies are honest. We constantly hear of dishonesty and malpractice, right? This shows that humans often put self-interest before ethics. It illustrates the delicate relationship between morality, profit, and survival in business. In many situations, insurance firms have provided support. Doesnt it show the industry's capacity for good?

Many share your concern about insurance's bad-over-good ratio. Is this perception a result of unfavorable media coverage and selective attention? Psychologists call this the negativity bias - focusing on the bad rather than the good. Recognizing this makes insurance provider selection more objective. We must examine, understand, and adapt policies to our needs. This strategy seems more balanced than relying on universal distrust to manage the insurance world.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
November 30, 2023, 05:01:47 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.
I am someone who is quite against insurance and considers it a way to waste money without being able to get commensurate benefits other than being profitable for the insurance company.
For health insurance, I am lucky enough to live in a country that provides guaranteed treatment for sick citizens even though they have to go through many procedures, but that's better than having to pay routine insurance costs which also take time to be able to claim it, and in my opinion using the money we have by investing is much better than having insurance because I saw several friends who actually lost a lot of money in insurance because it couldn't be claimed but maybe it would be different in other countries, just seeing what happened to my colleagues made me not consider insurance as important compared to investing.
sr. member
Activity: 1316
Merit: 422
Catalog Websites
November 30, 2023, 03:44:52 AM
I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.
One of the most important insurances is health insurance. People without health protection or health insurance are at risk of facing high medical care costs, which when faced with this situation can cause the person to experience financial difficulties, get into large debts, or even go bankrupt.
Health insurance offers the important benefit of financial protection by covering health costs. Nobody wants to get sick, but at some point everyone will need medical care. It is necessary to prepare early by insuring part of the money to help reduce anxiety or worry and stress due to illness. Having insurance will offer a sense of security because the costs will be covered by health insurance.
sr. member
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
November 30, 2023, 02:40:28 AM
The importance of insurance is not limited to those with modest assets; even individuals with substantial wealth can benefit from its protection. Insurance can shield them from catastrophic losses, preventing their fortunes from being eroded by unexpected events.

For individuals whose assets serve as their primary source of income, insurance takes on even greater significance. Whether it's protecting a business from potential losses or safeguarding a farmer's crops against natural disasters, insurance acts as a safety net, preventing financial ruin and ensuring the continuity of income generation.

While the need for insurance may vary depending on individual circumstances, its overall value remains undeniable. It provides peace of mind, knowing that one's assets and income are safeguarded against unforeseen risks. Insurance is an investment in financial stability, a hedge against misfortune, and a testament to the human instinct to protect oneself and one's loved ones from the unpredictable nature of life.
hero member
Activity: 1218
Merit: 608
November 30, 2023, 01:59:08 AM
Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.
In my country insurance is bad company and have two top legal and trusted insurance have been collapse without responsibility for user get their money refund. Actually I am not agree have to protect with all investment assets with insurance and looks healthy insurance is realistic right depend how much cost when we get treatment. All hospital have been connected with many kinds of healthy insurance but the other kinds of insurance look not urgent and focus with healthy insurance only if you have not good financial condition.

I have the same opinion with you many insurance companies become scam and easily run away how much user money without responsibility yet although we are joining with government insurance. In my country have government insurance with saving protect but when collapse they are not refund yet and many of the CEO and staff take much money until under rest.
sr. member
Activity: 1386
Merit: 406
November 29, 2023, 12:13:36 AM
This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.
Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with
Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.
hero member
Activity: 2338
Merit: 517
Catalog Websites
November 28, 2023, 03:52:05 PM
It's your life and health protection. Because we've been working hard all of our days and with the savings and investments that we've made.
When illness and death comes to us, we're leaving this world but our love ones are going to take care for us, burials and etc.
And with those things, they come with a fee. They're not free at all but when you're protected with insurance, it's a big minus and help to them.
In the same context - insurance is important, of course. I have seen so many bitcoin users asking how best to insure their wealth in bitcoin to their heirs if something untoward happen. Obviously this insurance is a type of financial insurance - but however there are many other types of insurance that you can adjust to your needs. It is recommended to consult an expert so that you get the right insurance that you need, such as life, property, financial and health insurance.

If it is about financial protection - then insurance may be one thing to consider. I also agree that good financial planning and having emergency savings are some things that need to be considered too - but of course there are many other things that need to be considered so that unwanted risks can be managed well and possibly minimize them.
Yes, there are different types of insurance and avail the one or two or more and as many as you can for your protection. Not just for your income protection.
But also for the protection of your assets that you have worked hard. This is actually the purpose of most of the insurance, so that when something bad happens, you don't have to spend all of those assets trying to sell so that you'll use that for medication.
And with insurance, it is the one that will give you that money to solve that problem for that policy you have availed.
sr. member
Activity: 728
Merit: 300
Love Bitcoin🖤
November 28, 2023, 01:09:46 PM
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".


Insurance is very important or you can say a good method that will help you in your bad events or time when no one is helping you, your insurance company come and will pay all your losses. There are many benefits of insurance and those people who have wealth and want to take care of him will take many benefits from the insurance company. However many people who were not aware or did not have their insurance experienced many losses. Like in your story if the woman did the insurance of her farm then the company would pay her losses but unfortunately, she lost her all wealth.  This insurance is mostly followed by those people who belong to developed countries but those who are from developing did not hear its name and all this because the government did not bring any company or left it for the advertisements.  If we educate people about this and take them to a place where we show them how this insurance will help them Financially when he goes through a hardens they will make the insurance. 
full member
Activity: 504
Merit: 212
November 28, 2023, 12:18:16 PM
This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.
Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

I was talking about reputable insurance companies. Then government officials are also involved in this type of scandal. Some of the companies are owned by people who are loyal to the current government which is why they are still operating throughout the country even after their bad reputation. The problem is corruption, which causes an imbalance between crime and justice. When criminals are not being arrested for their crimes and they can bail out easily multiple times after doing the same crime again then no institution will work properly and the people will get no benefits from them.
sr. member
Activity: 756
Merit: 356
November 28, 2023, 12:04:28 PM
And specially I didn't like that money for which I didn't work hard how could be a money for which I didn't even try to work and that will be very free I didn't even like to call its my money.

I often choose that type of money which comes through my strength and in which I worked hard day and night and then got that money I can always call it that is just my money and I have to use it now for my will happily.

Your English makes it difficult for me to understand you well but if what I understand is correct I think you misunderstand what insurance is.

Not like I buy into the whole idea of not wanting free money, but insurance is not free money. You've been paying premiums from time to time to the insurance company.
Premium is the amount of money you agreed to pay to the insurance company when you signed the insurance contract. It is from this premium the insurance company will use to cover what you are insured.

For example, if you have health insurance you pay $1000 yearly and you paid this amount for 20 years. If after 20 years the person gets ill and the cost of the treatment is $15000, the insurance company pays for that treatment from the money you have been saving with them.
That is your hard-earned money that you worked for. So it's not a handoff, it's your sweat.
sr. member
Activity: 1400
Merit: 420
November 28, 2023, 11:55:26 AM
This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.
Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with
full member
Activity: 644
Merit: 202
November 28, 2023, 09:52:41 AM
On the one hand, insurance covers the health of you and your family, which saves you a lot of money, and on the other hand, the negative side is that companies take a lot of money.
But having insurance has many positives rather than negatives, the negative problem is as you said, you just need to look for a quality insurance company whose performance has been tested.

Because whether we realize it or not, currently there are still many of us who are skeptical and not aware of the importance of having insurance. even though insurance actually has many benefits that we will experience in the future. As we get older, the needs and responsibilities of life in the future by having insurance become something that we inevitably need to consider to protect against all of this.

We will not know what will happen in our lives, for example something happens to us that makes us lose our job or business, so we are only required to prepare well. So actually, the point of insurance is good for transferring risk or strengthening our financial foundations.
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