by liaoyu03 » Sat Sep 08, 2007 06:10 pm
Insurance do you really need it or not?
i think it depends on the insurance. If you are looking at house, car, or health insurance I would say definitely yes. If you have a fire in your house, wreck your care, or have health problems these can help you from losing everything. I think life insurance can be important if you have a family so that they can be provided for if anything happens to you. Any other insurance is up to you.
i think it depends on the insurance. If you are looking at house, car, or health insurance I would say definitely yes. If you have a fire in your house, wreck your care, or have health problems these can help you from losing everything. I think life insurance can be important if you have a family so that they can be provided for if anything happens to you. Any other insurance is up to you.
Posted: Tue Jan 01, 2008 06:31 pm Post Subject:
I went 43 years, 4 months, 6 days, 3 hours, 15 minutes and some number of seconds without needing any insurance. Then I needed about $300,000.00 worth and could have really used A LOT more cash-to-you indemnity.
You don't need insurance, until you need it. Then all you have is all you get.
Posted: Tue Jan 01, 2008 06:40 pm Post Subject:
See more xrays of Steve's $60,000.00 broken leg
(just from below the knee down) at Indemnity-Income.com
Feel free to download copies for people who don't think insurance comes in handy.
Posted: Fri Jan 04, 2008 03:59 am Post Subject:
Well, I think if you can aford it ,you need to have insurance on everything ,health, cars, life, home.You can never have enough.BUT, and thats a big but, who can aford them all.If we bought all of them thats all some of us would be working to pay for, me included.Now with the price of gas and insurance together it takes a chunk out of your pay. I did heard the rates are going down in our area.Although I have not see it.
Posted: Tue Jan 08, 2008 12:10 pm Post Subject:
Wether you need it or not, if you are going to drive then you need car insurance to protect yourself, your belongings and the others out there on the road or someone who might be with you, you just never know what will happen.
Homeowners/fire insurance, just common sense, where will you live if your home is lost.
I think the most over looked it the life insurance, people just don't think about leaving this great earth anytime soon. They don't think about what is left behind and the headaches that bills and such can leave their loved ones in. This type of insurance definately needs some more attention here.
The one most in the public eye is medical/health insurance, this is even subject in presidential debate. I don't know what the answers are, and am not even going to venture in that directions.
It all cost money, and it takes some prioritizing, and some people just have their priorities all messed up, some people simply can not afford it, everybodies situation is unique to themselves and we can't take care of all problems.
This is a great thread, I hope it continues in the direction it is going.
Posted: Tue Jan 08, 2008 12:35 pm Post Subject:
I agree the cost of insurance (all of it) is very high...But then I think we have to be reasonable and responsible...If you are going to go buy a new vehicle or home and spend 20-30-40k on a car, don't tell me you can't afford the insurance on it! You should've either not bought it at all or bought one that with it you could also afford the insurance, same with a home...if you have a 200k home and feel you can't afford the insurance then buy a 100k one and pay the blasted thing....(ins) NO ONE likes paying premiums...golly....I can think of a lot of things I'd rather spend about 500 a month on than all the insurance policys/coverage I have....
Posted: Tue Jan 08, 2008 01:02 pm Post Subject:
Couldn't agree more, Lori.
I meet people, very often, who have stretched themselves so thin, buying a brand new $30,000 Ford F-150 Crew Cab, or something similar, they really have no disposable income left to pay for the insurance on the darn thing.
These same people then complain about the insurance premium being $1,200 per year, while they have no problem with a $450 per month truck payment, go figure.
If I had all the money that I have paid into auto insurance for the past (some number of years), I could retire in the Azores. But, at the same time, one $1 Million lawsuit would have destroyed me. So, which responsibility do we want to take? Paying the insurance or losing everything we have?
The same principle applies to our home insurance, just like you have already mentioned.
Posted: Tue Jan 08, 2008 04:17 pm Post Subject:
I am thinking maybe when our kids leave home(if they ever do) Then we can afford medical and life. How much life insurance can oine get with about 10 dollars a month or maybe 20.I am in good health as far a I know.Maybe we should do what canada does.
Posted: Fri Feb 01, 2008 12:19 pm Post Subject:
I think that everyone needs some amount of life insurance, at least enough to cover burial expenses. Why leave your loved ones with a bill like this.
Posted: Mon Feb 04, 2008 07:12 am Post Subject: Posts shifted
Dear Hummingbird & Goodnatured!
The thread has been split since your posts in order to gather better user responses for this topic! (Please check out the following url)
http://www.ampminsure.org/feedback/about4116.html
Regards,
Lakemen
Posted: Tue Mar 11, 2008 06:22 pm Post Subject:
Many of us also overlook the cost of legal defense. Auto, Home, etc...They all provide you with legal defense in you claims also. Most people would be broke having to pay attorney's fees to defend them in a long drawn out suit.
In many cases the question should be... Can you afford not to have insurance?
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