Topic: Insurance is important - page 3. (Read 4681 times)

Many people now consider investing in Bitcoin as an alternative to life and health insurance.

By investing in Bitcoin, you control your private and public keys yourself, so you are not dependent on insurance companies. You avoid the risks of bankruptcy of insurance companies, as well as the risks of changes in legislation. Bitcoin investors independently create capital that can be used in difficult life situations. There are people who do not invest in Bitcoin, but have bank deposits, shares or government bonds. This can also be considered as an alternative insurance option.

Some countries have a compulsory health insurance system, in which all employees deduct a certain amount from their wages to insurance companies.

And this subsequently gives the right to "free" treatment.

You wont really be needing it out until the situation is there. We do know that there's no such thing about assurance that there's nothing could happen into you and also you cant be having that unlimited fund
because on the moment that health issues or emergencies do happen then there would really be those instances that you might get short or really that having no funds to be able to pay on.
This is where insurances do really kicks in and would really be able to save up yourself specially into this difficult situations. There might be some known issues about on some insurances but we cant be able to
generalize that they are all like that. This is why its really that important that you should really be doing your research first about the best insurances that it is really that available into your place and with this
then you could at least assure yourself that you are on the right hands and having that confidence that you could get your benefits in times of emergencies.

Myself even on earning just right with my salary. I do really always have that consideration on saving up for some insurance fund on which this is something at least giving out that kind of feel of security.
I dont have any issues on getting my benefits on the moment that i do make out some insurance claim. This is why i could really be able to tell or say that it will really be just that depending
into some insurance companies.

Some events can indeed make trauma, especially with people who collect their money with difficulty and paid for insurance, this will be a form of big trauma in life, it is very natural that in your country you really dislike insurance, so with my country which also has a case of bankruptcy of a The insurance company is Jiwasraya and makes many people lose, but maybe it is not as much as the losses experienced by citizens in the country, including in your friends.
Although like that, insurance is a little important if we have the life who thinks of the display of our responsibility for the family later, but it is inseparable from such risks, it must be considered well so that it is not wrong to choose decisions, because events like that are difficult to predict .

Of course, while we still have a lot of money, we should have insurance to prepare for old age. However, if our finances are only enough for our daily needs, it is better to save ourselves little by little for future needs. This is indeed a good concept, but the reality is that many lower middle class people are not aware of saving to prepare for their old age.

My friend insured her life and health in favor of her relatives. She thinks it was the right decision.

However, I have my doubts about it... Insurance is not very popular in my country. People do not trust insurance companies, they think that they can either deceive their clients or go bankrupt. This is due to historical memory of the 90s of the last century. Then the USSR was liquidated, the only state bank froze the deposits of USSR citizens, and the subsequent hyperinflation deprived them of all their savings. This formed a strong distrust of any social institutions and organizations (both state and non-state) in people.

Therefore, people rarely use the services of insurance companies, this is not as common as in developed countries.

In my country Indonesia, the government has helped with insurance, but only limited to health insurance. Even though the funding source comes from community participation itself, the fees charged are not too large, which really helps people in my country to get free medical treatment. It might be different if in other countries the price of health insurance has to be paid quite expensively every month and each family has many insurance priorities that they have to pay for.

In my opinion, if have difficult with financial condition prefer for paying healthy insurance only and forget with other insurance such as vehicle insurance or property insurance. Choose the insurance have lower payment although get not bigger service how to manage with our financial condition, during recovery most important thing its not problem with medium or small kinds of insurance.

I myself cannot deny what you said about insurance, that nowadays there is a convenience available named insurance to cover everything we can experience and can be protected with insurance that pays, is something that happens and helped again we have to do without.
But sometimes paying for insurance, of course, requires a special fund that can be taken from the income, but if there is no more. But course, it will be difficult to pay the insurance premium. The state should step in to help those who can not afford the insurance premium.
In principle, insurance is very important and should be taken by us as this will help in unexpected difficulties.

I see your point, Insurance is a good thing. I mean, it helps combat uncertainties in the future, like the flood example mentioned by the author, but sometimes the procedures for getting your money back from these insurance companies can be stressful.

I know a lot of people in my country are skeptical about insurance, that they don't even know much about it, because they rather have a different account, they call savings, they open an account for all their kids and save money in it than giving to an insurance company.

Because, certainly, insurance companies earn from being an insurance company, so people are a little bit skeptical about it because of the policies to get it back. Maybe you might not be the person that opened the insurance, for the kids to get the money or a relative to get the money, it now becomes a long journey.

I know  these companies have to check data and information before releasing the funds, but it just makes people not want to because of the stress. Some even go as far as saving their money offline, they don't use banks, they don't use savings, they don't use insurance because the procedures to retrieve your money when it's urgently needed iare so hectic.

But it's a really good thing to have insurance. Anybody that believes in insurance, whatever works for you is what you will do. So, anybody who believes in insurance should go ahead and do it, and maybe, if you want to try different options, you can have 50/50, secure some with insurance and some with whatever method you think is best, and see how everything goes. It might just come in handy in the future.

When someone wants to have insurance, it is very important for anyone to first understand well the company that they will use as their place of insurance, what they consider important, when we are wrong in choosing an insurance company, of course it will be very likely to happen as you mentioned, so it is very important for us to be able to see the history of the company or we can ask those who have First choose the company as their insurance and after this we can decide whether the company is appropriate or not.

If someone wants to have insurance but is afraid of being scammed I think it would be better for them not to have it and prepare enough funds for their unexpected needs, but if they really want to have insurance then they have to find out from those who have been using insurance for a long time and also have to know well in terms of making a claim when they need it.

Insurance is important because it helps protect against unexpected events like accidents, illnesses, or disasters. Without insurance, covering the costs of things like medical emergencies or property damage can be overwhelming. By paying a fee and having insurance, you don’t have to worry as much. In a way, paying for insurance is like paying for a peace of mind. Having insurance certainly makes me feel more secure.

I don't think insurance is important, the conditions given by the insurance companies before insurance may be tempting but in reality it is a matter of seeing how much the company means these conditions. 

Four or five years of continuous insurance but when I needed money they refused to pay and even if they wanted to pay there was no end to their rules. If our money doesn't come in handy in times of trouble then I think that money is worthless. 
I will keep my money to myself otherwise I will keep it in my savings account so that I can withdraw money whenever I want so that I don't have to depend on others.

That's what I mean. Look: I give my money to the insurance company, and I leave feeling protected. But in fact, the insurance company is ALREADY in profit from me, since they will put my money in the bank. And even if I think that I am now protected, in reality I will try, as always, not to get any damage, because I am not my own enemy. Therefore, I think that in most cases it is better not to give money to the insurance company, but to turn it into an asset yourself, and to be more careful yourself.

One of the reason on why some people arent skeptical on getting some insurances because of the possible bankruptcy or having those kind of problems to be faced like having some issues about insurance claims or there are breaches in regarding about policies. This is why it will really be that important or something which is really that common sense that you should really be choosing up the best insurance or reputable or popular
insurance company into your country on which this could somewhat assure or give out that kind of confidence that you are really that dealing with the right insurance and having that kind of sense of security in speaking about putting money on insurance. Going back into the topic in speaking about the usefulness of insurance on which i could say that this is a must but there were people who do really neglect out
on getting one and believing that this is really just that some added cost or expenses but they dont know that this one would really be helpful on the time or moment that this is really that talking about
emergency situations.

Insurance is very important in our lives, the premium of the policyholder to the insurance company is very helpful in some cases. Because in a situation where you had an accident and you don't have enough money with you to take care of the expenses or bills, you just have to file a claim by notifying the insurance company about the loss or damages, you will only paid the deductible amount and the insurance company will payout the remaining amount. Coverage is provided by the insurance policy to protect the financial from risks. So with this a policyholder will be convinced that that their premiums are well taken care of.

Actually we should have insurance because insurance is one of the financial products that we must have and is very important to protect you and your family. But for some reason, in many places insurance actually harms its customers, there have been many cases of customers who are disappointed with insurance companies and there are always problems that arise starting from when making customer claims that cannot be disbursed to money lost because the company failed to pay and many others. So as you said insurance is important but it is much more important when choosing an insurance company.

Because of the many cases of irresponsible insurance companies, it makes many people quite skeptical of insurance even though insurance is important to protect family and property. This is indeed sometimes a dilemma for some people. Want to have insurance but afraid of being cheated, and losing money. However, if you don't have insurance, you will worry if something happens to you in the future but there is no protection.

However, everyone must also have their own reserve funds to deal with everything that happens to them unexpectedly, although we all do not ignore the need for important insurance in our own lives. However, what we need to understand is that not all insurance companies will cover every cost we need because all of that has rules and mechanisms so that some of the costs we need must also be prepared by ourselves because some of them have been prepared by the insurance company if we already have insurance.

This is true, but it is very important to be able to choose a good insurance company, because often they promise one thing, but then do not want to fulfill their obligations. It is best if there is someone you know who has already been paid money for an accident, and this will be the best indicator of the insurance agent's performance.
 I had such a friend and I went to get insurance from this company. Because I know many cases where the insurance company pretended that the injury or damage to the car was the fault of the insurer itself. And did not pay him anything.

Yes, there is no doubt that it is a bad thing and indeed it is valued more in foreign countries. Because this thing is very important for them there and they definitely pay for it.  And with that benefit people try to get it and from that, they invest in many good works.  Yes, any company you see will only take advantage of themselves. And for that, even if they get involved with any politics, there will be no harm to them because they see their own benefit. So it is obvious and it is seen in many countries from now on that if the government does not do its job, its property is destroyed and it is better that it does its job well, which causes them financial loss.  don't be  But they should do what is their right, whether it takes them a lifetime or not, because they are brought with a lot of trust and belief and if they put them in harm's way, it is very wrong.

If you prefer to insure the property you own, of course the financial condition you have is very stable and also you must have health insurance for yourself so that you do not have difficulties in meeting when you need it and for some people who are still earning a mediocre income, of course they have to be more concerned about health insurance for themselves because we cannot know for sure when the need will be We need and other things, if someone who only has enough income to eat, of course they must be able to protect themselves from things that endanger themselves because when they experience health problems, of course they cannot cope because they do not have insurance that they can use.

This means that all types of services that are protective and want to be protected require additional costs when that happens at any time later. of course it's true, the category that is able to cover monthly costs for its items is not the lower middle class but it is clearly financially sufficient.

Well, the easiest solution for all of these cavers is to save at least 10% of our income regularly and periodically and if something happens, we can immediately cash it out whether in the form of crypto, fiat or gold.