Wouldn't it be nice is everyone come together and drop their insurance for 1 mth and keep under surveillance them belly up ov
Answers:
I agreeInsurance is a total ripoff! A decriminalized scam!
hmm in fact I'd have to voice no. My mother works for Blue Cross in a guidance position and loves her job, helping nation that can't afford procedures on their own to be able to take help.
Consider this, somebody else (let's say for argument's sake, drunk) hits you next to their car, you intuitively. without insurance, you are stuck near taking care of adjectives those costs yourself. you're only substitute would be to hire an attorney, hope you can find the guy, get a righteous settlement, and then clear a large portion of that to your advocate and only gain a small portion of it for yourself for your own pain and suffering. or this, you return with injured at work as part of your duty, without insurance, you own to pay your medical bills yourself because you own no health insurance any. because, medical bills are so easy to afford. let's do that. by the route, let's put people out of job. that's a swell idea. but as someone said, insurance companies are financial institutions and engage your losses, do you not think they hold money stored away? gee...we have hurricanes, floods, fires, tornadoes, earthquake...all these things that craft massive claims...they have to salary for that somehow...let's think roughly speaking this a little shall we? or how give or take a few at all?
Yes, definitely. And I can construe of several other kinds of businesses that would flounder if populace did not patronize them for a month.
Idiotic idea.
Insurance is a tool. You've get to use the proper tool for the job. Not ever tool is appropriate for everybody below every situation.
I met a guy the other day that only moved here and bought a home with his insurance proceeds from the Hurricane Katrina contained by Louisiana. His brother is back within Louisiana living in a 20 foot RV.
I attended college even though my father passed away and my mother have kidney transplant. Insurance kept those life tradgedies from becoming a financial tradgedies.
Financial planning in need the proper use of insurance is not financial planningit's a bet (you're betting that nothing will travel wrong and we'll all own that house with a patio and a white picket fence).
Wouldn't it be better if we adjectives quit buying gas for a month and watch those big grease companies go belly up. Same results, won't work, they hold more money than we do.
Yeah right, insurance is such a scam...
My father was contained by an auto accident. His auto policy rewarded his initial medical bills, a portion of his lost wages, and an eventual death benefit. His short permanent status disability policy paid the remaining wage loss. His robustness insurance picked up with what auto insurance did not reward of his 10 week, multi surgery ICU stay. His auto and short term disability insurance allowed us to hold on to our home. His life insurance allowed me and my sister to attend college and my mom to single work 1 job (as my dad be the breadwinner) so she could still be there for her children.
All surrounded by all 100s of thousands of dollars be paid out. Where would my loved ones be without that? My mom would enjoy had to declared ruin due to all the aforementioned bills. We would enjoy lost the only home we know. My sister and I would have have thousands in college tuition loans to retribution not allowing us to afford to stay home and raise our children as we do.
Our nearest and dearest would not be the strong family we are today. So I for one will merrily write the check to pay for my time, auto, health and disability insurance. You never know when you inevitability it.
Insurance is a pooled risk. You may have not own needed it yet and hopefully never will but if you do I am sure your assessment will change.
You want insurance companies to go belly up because . . .you never want to hold insurance again? You always want to pay envelope your costs 100% out of pocket? You want thousands and thousands of jobs lost within your area? You want society to not be able to fix their houses after they burn down, but still own to pay the mortgage on a place they can't live contained by? You want kids to die from not having vigour insurance to pay the bills if they develope leukemia?
FWIW, one month - or even one year - lacking a payment, isn't going to put them out of business. Sorry. I don't conjecture you thought this through. Insurance companies pay massive income taxes (which, btw, would be shifted over to YOU), enrol hundreds of thousands of people, and allow race to own their own homes, not living in dread of a fire that would wipe them out. Health insurance keep people ALIVE, who otherwise wouldn't be capable of pay for catastrophic incidents.
Then you take sick with out insurance and own all those med. bills. Then You travel belly up. No thanks, I will basically keep my insurance.
I'd recommend you consider an economics class. Insurance companies are FOR PROFIT, which means they are NOT here to endow with you money for free. You pay a premium and enter into a contract beside the company. Assuming you follow the letter of the contract, they are required to indemnify you of any covered losses you incur. That's the approach it works.
You, like most folks, abhor to pay your insurance premiums and would to some extent spend it on lottery tickets or beer. Without insurance, if you get into a saloon accident and you hurt someone (an ICU stay can be upwards of $50,000 per day), are you going to work three job to pay for it? Or would you newly declare ruin and let the individual YOU hurt lose his house? How about when your house burns to the ground - are you going to hold on to paying on the mortgage when you don't have a house? How will you replace adjectives your "stuff?" Let me guess -- the government should pay envelope for it for you, right? How about when you die - no insurance manner there's no life insurance. You can set off your single, pregnant wife to get two job to make ends draw together.
Insurance companies make it possible for populace to get their lives put a bet on to normal after tragedy. Without the insurance companies, near would be a ripple effect of people similar to YOU going belly up because they can't pay for the house, the bright car or a heart attack.
Take a business class and draw from a clue!
ably actually- just cancel for one month would not cause them to shift belly upInsurance Companys have Billions of dollars contained by reserves for catastrophes and suchand it would clutch awhile to wipe that out just from lost premium..because if everyone cancelled their insurance- later companies would not have to wages out for claims...