November 17th, 2009 → 6:28 am @ admin // 8 Comments
Sometimes you need insurance, but mostly you never need it, anyone else think insurance company’s are coming up with new ideas every week to beg you to insure things from houses, cars, dogs, cats, shoes, jewelry, beds, is it all just a new way of getting money from people, i call it the new tax, and its NOW slowly becoming illegal to NOT pay.
Tom K
2 years ago
Home insurance is actually very flexible. I’m not familiar with all the details of my home policy, but my homeowners insurance agent is always a phone call away. Try calling your agent or a homeowners agent in your area. http://www.easyhomeinsuranceguide.com They will be able to assist you.
Chris C
2 years ago
It’s unfortunate that most people equate the pointlessness of insuring somethings that ultimately don’t matter in ones life (IE: jewlery, shoes, etc) with insurance as a whole being useless. While I agree that most ‘property’ types of insurance and completely useless, unfortunately 99% of the people in society are not smart or responsible enough to cover themselves if something happens, so they need to buy insurance.
On the other hand, life and health insurance in my opinion is idiotic not to have. There’s no dignity in having to con your friends into buying a ticket to some crappy steak night just to cover dad’s funeral expenses or cancer treatments. Insurance is a very valuable tool but most people are too selfish and too much of an ‘instant gratification’ type person to take the time to look at the bigger picture.
I’m sorry, but comparing insurance to tax is just plain foolish. Insurance will directly benefit you and may severely change your life at some point. Taxes won’t have a major positive impact on your life in the same regard.
mbrcatz
2 years ago
No, it’s not a tax.
Most insurances are NOT required by law. You can always NOT have insurance, by not driving, and not borrowing money.
The only insurance required by law, is auto insurance if you drive, and workers comp if you hire people. All of the rest of them, you VOLUNTARILY assume, by borrowing money, or driving on public roads, among other things.
Insurance is a FINANCIAL TOOL. Not a tax.
Anonymous
2 years ago
NEW?
Nope, it is an “old” extortion technique.
As, most insurance companies are incredibly profitable (or were), they pay the highest percentage income tax (38% currently).
So, of course the government mandates the insurance, that way they get the most tax revenue.
Until we wake up and demand a flat tax rate, and quit thinking that “punishing the rich” leads to a better deal for us, this will just get worse.
Don’t you think that charging $40 for a 10 cent overdraft is a new way of taxing people? And now, the government gets a SHARE of the outrageous fees.
We need LESS government, not more. Good luck to us all.
gamerese
2 years ago
In some ways insurance can be looked on as a form of legalized gambling. You are paying the insurance company a “bet” based on the probability that you may have a car accident, or house fire in the hope of getting a big payout. Just like a casino, the insurance company knows the odds of that happening, and as long as they have enough other customers/bettors the company still wins (makes a profit) even if they have to make large payments to a certain small percentage of those customers.
Ross
2 years ago
I know a lot of people think that the insurance corporations have not helped a lot of customers, for instance my father had a small thrift shop and thought he would save money without insurance. After 2 years his store was totaled in a fire he lost everything.
I had a charge card and bought a $500.00 ring & some odd & ends I bought insurance in case I was injured in an accident or death I had forgotten I had insurance on everything so I had back claimed to the date I was injured. To my surprise they paid for the ring and sent me a check for $200.00 I was so grateful I was speechless well I am lying I jumped for Joy that I had insurance. It does payoff for most things. If I bought a computer witch I don’t have of my own, I would at lease get two years of maintenance agreement, so if anything happen to it I would be covered.
inohis
2 years ago
One way to look at insurance is how much RISK can you take on when a loss occur? Let’s look at Home Owners coverage. Would you rather risk loosing everything when there is a fire? Or would you prefer to pay $1,000 a year to insure that house so that you can sleep better at night?
It’s all about managing your own risk. You do not need to go out and buy every single coverage known to men. But just consider the ones you absolutely need.
Again. How much risk are you willing to take on??
Azzz doggg
2 years ago
I think insurance should be voluntary, but with stupid people like you out there, I’m starting to think that maybe mandating it is a good idea.