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Think about it. If you spend a lifetime paying into all these different types of insurance policies- car insurance, house insurance, health insurance, life insurance, etc.- are you really better off? Of course, the insurance companies win in the long run, guaranteed, because otherwise they wouldnt exist. But do individuals benefit from these insurance companies in the long run? More often than not, I'd say no, because if that werent the case then these companies wouldnt exist. It just seems like one gigantic pyramid scheme. Like a casino but without any of the fun.
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Indeed, medical and car insurance is getting worse and worse. -
It all depends on the specific situation, precisely the risks. For example, if you drive a car once a year, it is obvious that you do not need insurance because there is a 99.9% chance that nothing will happen to your car. But there is another example, executive liability. For business owners and administrators, this is a major problem. There are many risks associated with running a business, which can disrupt operations and even jeopardize a company's future. And it is obvious that in this case, the company will pay for this insurance because the risks are too great.Comment
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As a rule, insurance fraud can affect the amount of the insurance premium. Therefore, the more often such crimes occur, the greater the degree of risk included in the policy's cost. A person will have to pay for something that he did not commit. Fortunately, I have never been in such a situations. I insured my apartment with Homeowners Insurance in Alaska last month. All the furniture is new, and I decided not to take any chances. By the way, you also must not tell anyone other than official representatives and police officers the policy number.Comment
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