Topic: Insurance is important - page 19. (Read 4668 times)
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.
It is much more important when people can ensure that tomorrow and the day after tomorrow they have the ability to eat, this is how people who don't have money look at it when they are offered insurance. But when people have more money and have a number of assets, businesses or investments, not joining insurance can actually result in big losses because we never know what will happen in the future and at least if we have insurance there is a return every time we experience a disaster, accident or fire.
Insurance has qualifications and the larger the monthly installments the better the insurance because vehicle, health and business insurance are usually much more expensive monthly costs. However, when choosing insurance you have to be selective because many insurers end up going bankrupt and don't have clarity regarding their customers' money.
Insurance has qualifications and the larger the monthly installments the better the insurance because vehicle, health and business insurance are usually much more expensive monthly costs. However, when choosing insurance you have to be selective because many insurers end up going bankrupt and don't have clarity regarding their customers' money.
I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.
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.
Actually insurance is most important thing how to back up or recovery cost with hospitality when get illness, right now we pay highest cost for our healthy and many important person priority with their healthy insurance. But not all people have good financial for monthly paying for insurance, I think many kinds of insurance in our life and we must spent much money in monthly to pay insurance but regarding most important is healthy insurance. In my country Indonesian have healthy insurance called BPJS with small payment on monthly regarding level kinds we choose but we must acceptable bad service with this kinds insurance although our payment never delay and keep going on every month. 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.
Better you have specific asking about which one insurance priority regarding in our life have many kinds of insurance with difference function and can't added in one insurance kinds such as
- healthy insurance
- education insurance
- property insurance
- vehicle insurance
Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.
You are right, those who already have sufficient wealth will certainly think about having insurance in the field they want, because they are aware of the risks they face and don't know when this will happen to them so they choose to insure against it.We must be able to choose an insurance company that can guarantee ourselves because we have paid it, don't let it be after we have paid the insurance and when we claim the insurance it is very difficult for us to get it, of course this will be detrimental to ourselves.
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".
Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.There's a saying " hope for the best and plan for the worst".
Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.
Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.
Nope not only rich but poor people also need that since imagine if you get sick and you can't pay your bills because you have nothing left for sure you will struggle paying your bills then might they ignore you since those professionals know that you can't pay their service provided.
Talk with professionals regarding on this and for sure they give you an advice on what plans you can avail with limited budget you have.
Also choose the right insurance company which have good reputation regarding operating this business since there are insurance companies that give their clients a headache since they struggle to get their share once they need to use their insurance.
You are right, poor people need more insurance than rich people but their problem is financial, they even have difficulty paying for each meal and daily clothes. How do they have enough money to participate in insurance? Only people in that situation understand that buying insurance is impossible for the poor.
By the way, I think in contrast to everyone, rich people don't need insurance even though they can afford it. Like the area I live in, when rich people get sick, they always go to big hospitals and the best doctors. They don't care how much it costs as long as they get the best care and safety. The poor are the ones who need insurance.
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".
Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.There's a saying " hope for the best and plan for the worst".
Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.
Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.
Nope not only rich but poor people also need that since imagine if you get sick and you can't pay your bills because you have nothing left for sure you will struggle paying your bills then might they ignore you since those professionals know that you can't pay their service provided.
Talk with professionals regarding on this and for sure they give you an advice on what plans you can avail with limited budget you have.
Also choose the right insurance company which have good reputation regarding operating this business since there are insurance companies that give their clients a headache since they struggle to get their share once they need to use their insurance.
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".
Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.There's a saying " hope for the best and plan for the worst".
Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.
Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.
Nope not only rich but poor people also need that since imagine if you get sick and you can't pay your bills because you have nothing left for sure you will struggle paying your bills then might they ignore you since those professionals know that you can't pay their service provided.
Talk with professionals regarding on this and for sure they give you an advice on what plans you can avail with limited budget you have.
Also choose the right insurance company which have good reputation regarding operating this business since there are insurance companies that give their clients a headache since they struggle to get their share once they need to use their insurance.
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".
It makes a lot of sense to insure our basic needs, especially if we live in a country where there is no protection scheme to provide security for our family. Health insurance should be the first insurance we take out, because we never know what kind of illness we might face in life. Same goes for life insurance, if our family relies heavily on our income that we need to think of the worst case scenario. The problem in my country is that there is insurance for everything and the financial analyst earns a lot of commission for every new contract being signed. It's really hard to find the optimal level of insurance, because the sales people will always try to offer the premium package first. A lot of my friends are to,more than a 100% insured, which costs them a lot every month.
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".
Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.There's a saying " hope for the best and plan for the worst".
Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.
Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.
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.
So that when you do not have money while you have insurance, you will not be confused when there is a sick family all have been covered and you will not incur costs.The company will continue to take your money because this is like a guarantee that even your family has been borne on behalf of the insurance.
Now you just have to choose whether you want to save because there is already insurance or prefer to make a reserve fund as an emergency need? If you can manage like that then just do it many people do that and are skeptical of insurance.
But there are those who say insurance is important so they do it.
OP, the story you narrated is very pathetic, if the flood was predicted and the woman heard about it and paid deaf ears then is her fault, but we should put so many things into consideration, how sure are we that this woman is very enlightened to even know that something like insurance exist another thing is that she might have considered what it will take her to relocate such establishment, this insurance of a thing is done mainly in the developed world, where so many things are balanced, how do you insure in underdeveloped world where some people don't earn anything, is only the rich and the middle class that can do this in poor countries, am not saying that insurance is not good, am just outlining the fact that some set person can not afford it.
Well, I could say it was important but it was not a priority as we can still live without this. Of course, for those who are rich and are enough to pay it monthly, I think they need it really. For some people, it was just preparing for the worst - accidents and death. But we can't see our destiny, at least by having this insurance we could live with peace of mind as we no longer bother any of our family or relatives for the expenses of whatever happens. It is a part of our preparation and we know that we will go that way soon.
We all definitely want a future life with peace and without excessive worries, and it is true that insurance is one of them, so it is not surprising that for some people insurance is important.Because in the desire to build an established and prosperous life in the future, insurance is one of the many important preparations to support our better financial planning for the future. Because insurance functions to help us anticipate and minimize various financial impacts from various risks in our lives that can occur at any time. For example, the risk of losing your job, health risks, or those related to vehicles. Because what you need to know is that by having insurance, we hope that our financial management can run more optimally in the future.
Well, I could say it was important but it was not a priority as we can still live without this. Of course, for those who are rich and are enough to pay it monthly, I think they need it really. For some people, it was just preparing for the worst - accidents and death. But we can't see our destiny, at least by having this insurance we could live with peace of mind as we no longer bother any of our family or relatives for the expenses of whatever happens. It is a part of our preparation and we know that we will go that way soon.
It's true what you say, for someone who is financially well off, I think they definitely have individual insurance if they are married, but it's different for low-income people, the high cost of insurance makes them reluctant to get it, preferring what has been set by the government of each country. each by paying lower contributions compared to private insurance, In terms of treatment at hospitals with private insurance, the treatment is earlier or faster than the government's.
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.
Insurance is not for everyone, not for people that are struggling to have food on their table, not for those who are struggling to get a job after making few degrees, this insurance of a thing doesn't fit very well in my country, most people don't have anything insured, we learn to survive with everything and not use insurance.
Insurance is very good to be honest, but what country are you from? In my country insurance sucks so bad here, as for me, I don't think I will need it, my insurance is my hardware wallet, all my money is locked away from the banks, and also the government, if anything happen I am used to starting over again, it's not the first time that I struggle from the scratch and make it right back up again.
To me I feel that life insurance is the best out of every insurances, when you are gone all of a sudden all your properties will get into the hands of your children, apart from this, it's a no for me.
Insurance is very good to be honest, but what country are you from? In my country insurance sucks so bad here, as for me, I don't think I will need it, my insurance is my hardware wallet, all my money is locked away from the banks, and also the government, if anything happen I am used to starting over again, it's not the first time that I struggle from the scratch and make it right back up again.
To me I feel that life insurance is the best out of every insurances, when you are gone all of a sudden all your properties will get into the hands of your children, apart from this, it's a no for me.
I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.
Well, the problem with the developing countries' insurance system is they don't have a proper monitoring system so the insurance company will simply reject the claim applications most of the conditions which is nothing but robbing legally that is why those people don't trust their insurance schemes and don't waste their money in it. I do agree that health insurance is mandatory for everyone but the government should have proper regulations for those insurance companies and ensure the insurer gets the claims at needful time.
-snip-
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.
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.
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.
The best insurance that I have dreamed of getting is the life insurance. Because in the eventuality of my passing, I do not want my family members to suffer. I want them receive death benefit. Although, I want this i think it is very expensive and I do not trust all these HMOs and their offers some of them. What is good here is to acquire as much wealth as possible during your lifetime, and take your time to write your will. So upon your death, your family members will receive from your investments what is due to them from the will that you have written. Also, insurance is not that easy, and one has to be painstakingly engaged in it as it's so demanding. This equally depends on what you are insuring and the packet you signed for in the category, especially if you are not earning that much. This is a setback for some people, you should have a steady income, which is another disparity about it. The poor people or those who are still struggling can't afford most insurance, and this is applicable to some average-earning people as well, it hurts a lot. Regardless, if people could painstakingly pay their insurance and the insurance companies are fair enough, this is a very good way to be covered during the bad and unforeseen negative days.
Insurance is the safety net of your financial plan having the right insurance in the right amount protects you and your family against unexpected events and provides a financial security. Apart from epidemics we have to face risks without fearing risks in many such dangers. We need insurance to deal with these various risks in life. Insurance is an excellent and novel method through which the risk be it personal risk or business risk can be transferred to the insurance company in return for payment of premium. Insurance plans also help in long-term capital preservation that will provide regular income benefits to meet your retirement needs.
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.
Insurance is the safety net of your financial plan having the right insurance in the right amount protects you and your family against unexpected events and provides a financial security. Apart from epidemics we have to face risks without fearing risks in many such dangers. We need insurance to deal with these various risks in life. Insurance is an excellent and novel method through which the risk be it personal risk or business risk can be transferred to the insurance company in return for payment of premium. Insurance plans also help in long-term capital preservation that will provide regular income benefits to meet your retirement needs.
Jump to: