Topic: Insurance is important - page 21. (Read 4381 times)

It's funny because where I'm from if you try to talk to the average person about getting health insurance, they'll start giving you excuses like, "I'm healthy, I don't need insurance". When I try to tell them that nobody prays for an illness, nobody wishes to get sick, especially one that is very expensive to treat, but people get sick all the time, and a fatal accident can also happen. They'll counter you, "It's not going to happen to me", at that point, I just say "That's what they all thought".


This is exactly an example of what I'm talking about.
At least you can see that health insurance is essential, so that's a start. I don't know you and I can't claim to understand your situation but I can assure you that however bad you imagine things to get, it can always get worse. If you don't have any assets at all and no kids and don't plan to have any then you might be right, otherwise, think again.

Yes, we don't want to wait for our health to go bad before we get an insurance as we are not yet qualified for its benefits. It's going to be a wrong decision that we can get regret because we are now going to pay more for our health to recover. If only we avail an insurance at an earlier time, that would have been prevented. I'm not referring to the health condition but to the excess spending. This is only the same to a car insurance. I think each car owner has it.

So if they have it, then why not do the same for our health, when it was more important than any material things? And we are more fragile or prone to illness because we use our body and mind every day to work.

If that's what most people say, I think these people feel arrogant and think they are always healthy because every human being will definitely get sick.
In my opinion, health insurance is very important to take care of when you are sick, because you can't know when it will come, and what we need to know is. That every year health costs will definitely increase, and no one can guarantee that we will always be healthy, even though we feel like we are always healthy, in the long term we will remain healthy and this is something we must anticipate. And if you don't have health insurance, if you are sick, and don't have an emergency fund, who else do you turn to for help especially if the amount is large.

There are very different kinds of insurance, right? There are medical insurances, there are ways of insuring cars, houses, and insurance of business assets. If you can ill, I don't think an asset insurance will be of any help, but if you get robbed or hacked, then it can be useful.
If you have a serious business, and it can be reasonably insured, insuring it is a good idea. But you can't get insurances for everything, predict every possible situation.
Speaking of insurance, I had this idea a few years ago that crypto insurance is probably a good business niche because some people don't want to take full responsibility for their money, even cryptos.

Not everyone has to have health insurance, for example. Now the government, for example in my country, has also done the same thing as offered by insurance companies, namely by issuing a health insurance program for all people and they can use it for treatment at places designated by the government. So, what's different here is that if we have entered the insurance program, we can claim the funds back after we have received treatment at the hospital appointed by the insurance company.

This is quite reasonable to obtain as long as we have enough time and opportunity to have it from now on, because we also have to realize that the times we will go through later will not always be the same as the time we have gone through now. So as long as it can be quite useful for the future and can be obtained from now, I don't think there's anything wrong with anyone getting it for themselves and also for the sake of their own family. After all, each person does not know when he or she will experience a disaster such as an accident or illness, so insurance such as accidents and health can be an important point to have.

We must consciously carry out all forms of terms and conditions regarding the insurance agreement with the company. Insurance is indeed quite important for people, but it comes back to how someone can follow the terms and conditions provided through monthly payments. There is no free insurance that will provide equivalent services, for example regarding health insurance, vehicles or other insurance. Unfortunately, not everyone can get insurance even though we know that insurance is very important to protect against all kinds of disasters that occur.

Holding bitcoin is considered one of the right ways because we don't need to spend any money as a monthly expense, its nature is not as a form of savings but to maintain the value of the money we have. But actually, I much agree that if we have good finances, we are included in insurance because there are many advantages that we can get even though we regularly have to top up money every month.

That's true and there is a kind of free insurance offered by the government through the taxes we pay or it can also be free school at state institutions that don't pay at all. Usually we enjoy this insurance for health costs when we go to hospital for treatment, but the service we get is the lowest because this insurance is not paid directly by the person but is deducted through taxes. There are also some insurance companies that try to use customer funds to make a profit and in the end the insurance company goes bankrupt because it gets into trouble with the law. Cases like this have happened in my country where insurance companies were unable to refund customers after they had legal problems. In the end, it is the customers who have deposited money regularly that suffer the loss and therefore, even though insurance is a solution, we must also look at a clear insurance company before joining it.

Being included in insurance has many advantages when we have an accident, so you don't need to spend any more money to go to the hospital for treatment and the damage to the vehicle is also covered. If business experiences a fire or results in a disaster, the goods will be replaced by the company and we will get many other benefits from insurance if we follow their terms and conditions.

It's best to plan ahead. People often say, "Live your life to the fullest," but I don't believe they're planning on dying anytime soon. Because why would someone live without having any insurance? Unexpected events can happen in life, but it's not certain that they will happen anytime soon. And since we don't know what the future holds, it's best to secure ourselves with insurance. It could be an accident, a loss, or any other unforeseen event. I've seen a case where someone had an accident, but when taken to the hospital, he had no family members or friends to reach out to. It was as if he was a ghost. How could he survive? But what saved him was his health insurance. He was treated very well, and his life was saved. By now, he should have paid off what he owed the insurance company for his surgery.

I might think about getting these kinds of insurance once my business hits a more stable stride and grows. At the moment, it's in the early stages, we're renting space, and our employee count is still modest. The future looks a bit uncertain. When it comes to insurance, I understand it's there to safeguard the business, but I've got to align it carefully with my budgeted expenses. Allocating funds for premiums is automatic, and I need to make sure it fits into the financial picture.

Real property insurance isn't on the table for me right now, like I said, I'm just taking it easy for the time being.

        -  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.