Anyone else noticing insurances change from asset to liability?
Thanks,
Mark,
a big fan of Paul Hulsebusch.
Total Comments: 3
Posted: Thu Jul 23, 2009 01:42 am Post Subject:
Would you like to explain why insurace could change from being an asset to becoming a liability?
Posted: Thu Jul 23, 2009 01:54 am Post Subject:
Ya I really don't get this either. Unless the poster is implying with the cost of insurance it is becoming more of a liabilty (to your budget) than an actual asset. Some people consider carrying good insurance an asset and I guess in a way thats not a bad way of looking at it.
Posted: Thu Aug 20, 2009 10:53 pm Post Subject:
I think he is referring to actually having insurance. In this case, I haven't noticed at all. Health/life insurance, home-owners insurance- I think it's all still very much an asset. It's just that in this dwindling economy, less and less people are able to afford it, and think they don't really need it after some time without it. I guess it just really depends on the individual person and their lifestyle.
Posted: Thu Jul 23, 2009 01:42 am Post Subject:
Would you like to explain why insurace could change from being an asset to becoming a liability?
Posted: Thu Jul 23, 2009 01:54 am Post Subject:
Ya I really don't get this either. Unless the poster is implying with the cost of insurance it is becoming more of a liabilty (to your budget) than an actual asset. Some people consider carrying good insurance an asset and I guess in a way thats not a bad way of looking at it.
Posted: Thu Aug 20, 2009 10:53 pm Post Subject:
I think he is referring to actually having insurance. In this case, I haven't noticed at all. Health/life insurance, home-owners insurance- I think it's all still very much an asset. It's just that in this dwindling economy, less and less people are able to afford it, and think they don't really need it after some time without it. I guess it just really depends on the individual person and their lifestyle.
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