tag:blogger.com,1999:blog-38606399.post7439902116340334784..comments2023-09-23T00:38:53.296-07:00Comments on Money and Such: Good and Bad InsuranceUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-38606399.post-73907796491073197062009-08-26T12:11:54.505-07:002009-08-26T12:11:54.505-07:00No debate from me either. Always buy insurance to ...No debate from me either. Always buy insurance to cover in terms of disaster which you can't afford to replace (Cover The need). <br /><br />However instead buying what you need there are times where there are worth while products for you to take a look at. And that is when there are spare cash involved (the want).<br /><br />And yes i am a insurance agent. Sometimes i may spot some products that are design and developed for consumers advantage (trust me there are such products) but only to be taken down after a week or so (i assume wrong product design on the insurer side). <br /><br />Get what you NEED and watch out for what you WANT. That's my opinion.Bryanhttp://www.carinsuranceinsingapore.comnoreply@blogger.comtag:blogger.com,1999:blog-38606399.post-33597304708163750752007-06-13T14:02:00.000-07:002007-06-13T14:02:00.000-07:00My father was an insurance agent before he died (i...My father was an insurance agent before he died (ironically, he was underinsured). He always explained insurance as a form of gambling.<BR/><BR/>As an insurance company, I am wagering that you are not going to have a claim. Based on risk factors, I set the odds and you pay accordingly.<BR/><BR/>As the insured, you are wagering that you will have a claim. If/when you do, you collect. Of course, the insurance company will now reevaluate the odds and raise your premiums. <BR/><BR/>If you simply think of insurance as betting against yourself, you'll be a lot less likely to buy the insurance you don't need.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38606399.post-83493397884635861362007-06-11T04:46:00.000-07:002007-06-11T04:46:00.000-07:00Actually I think travel insurance is pretty much a...Actually I think travel insurance is pretty much a necessity - but when you consider that as a Brit I don't have health insurance, it falls more on the catastrophic side.<BR/><BR/>I basically agree, insurance is worth paying for when the event is rare but the outcome would be disastrous. Disastrous is defined differently for different people. If the event is reasonably likely, then you're probably better off self-insuring.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38606399.post-90887814850742299802007-06-08T12:42:00.000-07:002007-06-08T12:42:00.000-07:00You won't get any debate from me!I tried to explai...You won't get any debate from me!<BR/><BR/>I tried to explain the fact that insurance in a losing proposition to a clerk at Circuit City trying to sell me an "extended warranty". I loved the look on his face... it seemed like he had never met someone before that new that "math stuff".<BR/><BR/>I'm big on the idea that insurance is ONLY for disaster. I carry the minimums needed to take care of big events. Collision and comprehensive insurance on a 1998 Sebring? I don't think so! $250 deductible on homeowners? No way! With all the money I save on insurance I'll always live better and be able to cover the little problems along the way.Anonymousnoreply@blogger.com