Insurance is important

[Alpha Marine]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

[1715252629]

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[lizarder]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

For some small people, entering insurance is not an option because when we choose insurance, a monthly fee is definitely required as a condition that we must fulfill. The question is why enter insurance if the monthly income for small people is unclear and it is difficult to even meet their food needs. Insurance is needed when you have a clear and regular source of income because it can help protect against unexpected things happening.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

There are various types of insurance nowadays and when people who have good financial capabilities do not take part in insurance, it is very unfortunate because when things happen as you explained, they will be at a great loss. I know several types of insurance that have existed in my country, one of which is?

1. Life Insurance
2. Health Insurance
3. Education Insurance
4. Investment Insurance
5. Vehicle Insurance
6. Accident Insurance

To enter these six insurances, you have to pay a monthly fee as a mandatory requirement because this is what makes some people feel burdened Because not everyone has a fixed income and if they don't have an income then it is impossible to afford the monthly expenses. If people have a good source of income, then insurance is the right choice because it can protect health, education and damages costs when unexpected things happen.

[YUriy1991]

Varies. Could be yes, it could also not and wise saying and usually the items that many people take are vital, for example education, health and business and are all stated in the insurance policy if the user wants and agrees. Well, maybe this also sounds normal. In the case of applying for a loan, if you have met the loan requirements, the bank will also cut costs for insurance if at any time the borrower dies and the automatic payment of insurance is covered by no longer a member of the family, for example his wife.

But apart from that, problems are often found in the application, apart from the first thing being high premium costs, then the mismatch in prices and protection values and unclear claims which confuse users and this often happens and the worst thing is that the company collapses.

[JMBitcointernational]

A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Most developed countries plan their future with insurance because it brings them to the initial position that they were before the loss but in developing countries the reverse becomes the case because they are afraid of losing their assets to the firm if they probably fail to meet up with the terms of the contract , maybe if they fail to pay premium before the expiration of the policy .

Insurance is also one of the major players in financial sector because they not only secure but also offers loans to individuals which helps to facilitate in the economic growth .Let’s look at one of the case study you cited about a cab driver , if the man had taken a motor vehicle insurance against accident , theft or loss arising out of fire and still keeps to the terms and conditions of the policy and also Obeys all the exclusion clauses the firm will bring him back to normal position that he was before the loss after the loss adjusters have valued the current value of the car .

In addition, some policy like educational policy , can also help the insured to study anywhere globally because most insurance firms take care of all the bills , same applies to health insurance /sickness insurance and also theft/burglary insurance.

[Doan9269]

If we are given the opportunity, then we should also make use of it to insure ourselves and the properties we have, the general approach many have towards this is that they believe that those that should to on insurance should be those that have alot of properties assets because they will have the required financial stand to pay in for the service and also benefited from using it, but if there are low level insurance for the average individuals, then we can also go in for them and have ourselves insured together with our belongings.

[Don Pedro Dinero]

It depends on where you live, but yes, insurance is important because it is a protection against risk. If you live in a country where there is a lot of public aid and social coverage for certain things you won't need as much insurance, but at least for your car or your house it is advisable. If you have assets that are your source of income, it is also advisable, except if you have a very large patrimony in relation to those assets. In short, it is a whole world with a varied casuistry, but in general it is important.

[Gozie51]

Insurance is good and like you said it is more valued in developed countries. This is because it is well organized and insurance companies won't have to deny an insured or whatever was insured after you have been paying your premium.

Like you said again, you mentioned politics. It is unfortunate that in most less developed countries, companies and government are not sincere to keep their own part of the bargain or contract and so that raises a lot of distrust. A reason that would have made the woman not to take the flood warning seriously. Although it is to her own detriment but to prove that your property was destroyed sometimes is like the cow passing through the eye of a niddle even in the midst of glaring and public evidences. Moreover, restitution and compensation takes ages. These and more would make an average person living in a corrupt country to rather put their fate to what they can do by themselves, more like every man to himself and God for us all.

[YOSHIE]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.

Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.

[ChiBitCTy]

I couldn't agree more.  As a financial advisor this is of course a topic that comes up a good bit in my practice.  I am starting to see a "self-insure", "insurance is a waste of money" type of movement.  Sort of like there is with college and people calling it a waste of time and money.

Insurance is extremely important.  I've used my health and auto-insurance countless times.  Had I not had it, I'd have built up a great deal of debt.  Another example is having bought my mother LTC (long term care insurance) some years back.  I knew her future health wouldn't be the greatest and unfortunately she is not quite sick, and has been for several years.  Thank god for the LTC insurance as it's more than paid for itself. 

It's all about the situation, the costs etc..but to flat out say insurance isn't necessary is to be ignorant.

[Juse14]

Having insurance can only waste money in the long run, and our money will only be wasted paying for insurance every month.

Because in fact when I take health insurance and I pay every month. When I fell ill and went straight to the hospital to be treated, it turned out that the treatment given to patients who used insurance was not optimal and excellent, it was different from when I paid directly to the hospital, the service was so fast and excellent, I didn't even have to queue too long to get it. can get care and treatment at the hospital.

we can have insurance but not health. So the most important thing is, take care of your health and make as much money as possible.

[wajik-tempe]

Having insurance can only waste money in the long run, and our money will only be wasted paying for insurance every month.

Because in fact when I take health insurance and I pay every month. When I fell ill and went straight to the hospital to be treated, it turned out that the treatment given to patients who used insurance was not optimal and excellent, it was different from when I paid directly to the hospital, the service was so fast and excellent, I didn't even have to queue too long to get it. can get care and treatment at the hospital.

we can have insurance but not health. So the most important thing is, take care of your health and make as much money as possible.

Many people have discovered insurance to be a critical safety net amid unexpected events. diversifying your coverage to include insuring income-generating assets and life can safeguard against various risks, ensuring a more comprehensive safety net for you and your loved ones in times of need. having insurance adds an additional layer of protection, offering peace of mind and financial security in the face of unforeseen challenges.

[Iroh]

In developing countries, having insurance for the average folks is probably seen as a waste of money. But when disaster strikes, they’re left with little to nothing and are left to start afresh. And while their income level isn’t much as a whole lot don’t earn enough to cover their expenses, there isn’t much left to save not less paying into an insurance policy that would cover up any losses that may arise in the future.

As a business owner, having an insurance to cover your business irrespective of your location is extremely important as it could be the backup plan you never thought to make that could end up saving your business.
Same with health and life insurance. But I don’t think a lot of people in developing countries would be open to having insurance just yet having yet to understand what it fully entails and just how important it is.

[m2017]

~snip

In a world in which various force majeure circumstances are possible, be it war or epidemic, natural disasters or economic crises, there is an urgent need for insurance. But not the one you're talking about. In fact, diversification is insurance. You talked about a woman's poultry business that she lost due to a flood. The first thing is that she relied only on this business. That is, she didn't have any reserves (a third-party additional business is immune to flooding), and also, apparently, didn't have any financial reserves, which is why she turned out to be practically destitute (if I understood correctly from the story above). Diversification of insurance reserves should be carried out in different locations (home, city, region, country and different financial institutions - bank, stock exchange, even though these are bad places to store your assets) and in different assets (business, money, securities , cryptocurrencies - optional).

An insurance company is a commercial organization whose main goal is to extract money from you and give back as little as possible. I wouldn't rely on them 100%. I am sure that even with insurance, the victims of this flood would receive small amounts (compared to the money that would have been spent on monthly premiums from the insurance company for 5, 10 or more years). It is not every day that disasters such as floods occur in the same places. Or they would not have received anything at all as victims due to restrictions in the insurance conditions written in small print (the absence of this clause). Not a single insurance company as a commercial organization will work to its own detriment.

The business of insurance companies is set up ingeniously: they collected 100% of the money and returned 10% to the insured. Essentially, this is money out of thin air that their clients pay. What's stopping you from becoming your own insurance company for free?

The most correct decision (in the context of this forum) would be to prepare insurance reserves yourself in bitcoin. If part of the profit from the poultry farm were set aside monthly in a bitcoin, then, taking into account the rising price, this would form an impressive amount, which she so badly needs.

[TheUltraElite]

There will be a lot of pro-bitcoin and anti-insurance comments in this thread, I will just state the obvious.

Bitcoin will not save you during an acute illness. Just picture yourself half-paralyzed being rushed to the OR and your family has no idea of what bitcoin you own and where you own them, how to access them, unless you already taught them how to. Even then they have to convert it to fiat and then pay the hospital bill.

On the contrary the Health insurance will solve this problem in a few seconds, however processed it might be. Hence I will always advice people to keep their health insured at least among other things. Bitcoin will not help here.

[passwordnow]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

While I agree that someone who's working for the family and is the source of living should get insurance. It is because you don't know what's about to come and having it means that the word itself, you're going insurance to your family that if something happens to you unexpectedly, you have them insured with money that won't be a burden to them anymore when you're gone.

I myself bought insurance last year and you can choose what type of plans you have. Life insurance, health insurance, asset insurance, anything as long as you can afford it. The type depends on your needs and what you think is the one that suits you. There are even insurances for the real estate when you're still paying the mortgage and if ever you're gone, that's going where the insurance will be used and your mortgage will serve as a paid asset already and your mortgage will be done in full by your insurance provider. That's how insurance works for those who don't understand it yet because they think that you're strong today and you don't need it and it's just another expenses. Actually, it's a way to protect your source of living and your family from unexpected situations.

[Cryptomultiplier]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

For some small people, entering insurance is not an option because when we choose insurance, a monthly fee is definitely required as a condition that we must fulfill. The question is why enter insurance if the monthly income for small people is unclear and it is difficult to even meet their food needs. Insurance is needed when you have a clear and regular source of income because it can help protect against unexpected things happening.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

There are various types of insurance nowadays and when people who have good financial capabilities do not take part in insurance, it is very unfortunate because when things happen as you explained, they will be at a great loss. I know several types of insurance that have existed in my country, one of which is?

1. Life Insurance
2. Health Insurance
3. Education Insurance
4. Investment Insurance
5. Vehicle Insurance
6. Accident Insurance

To enter these six insurances, you have to pay a monthly fee as a mandatory requirement because this is what makes some people feel burdened Because not everyone has a fixed income and if they don't have an income then it is impossible to afford the monthly expenses. If people have a good source of income, then insurance is the right choice because it can protect health, education and damages costs when unexpected things happen.

You are right in pointing out that fees have to be regularly paid inorder to maintain a good insurance plan.
Those with white collar jobs are easily opened to such schemes because most times these insurance companies propose or present offers that is better suited to those with a steady source of income.

The best bet we have these days and see as insurance for the future is HODLing BTC or other forms of cryptocurrency to cover unexpected expenses that range from health hazards to emergencies.

[Agbamoni]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

For some small people, entering insurance is not an option because when we choose insurance, a monthly fee is definitely required as a condition that we must fulfill. The question is why enter insurance if the monthly income for small people is unclear and it is difficult to even meet their food needs. Insurance is needed when you have a clear and regular source of income because it can help protect against unexpected things happening.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

There are various types of insurance nowadays and when people who have good financial capabilities do not take part in insurance, it is very unfortunate because when things happen as you explained, they will be at a great loss. I know several types of insurance that have existed in my country, one of which is?

1. Life Insurance
2. Health Insurance
3. Education Insurance
4. Investment Insurance
5. Vehicle Insurance
6. Accident Insurance

To enter these six insurances, you have to pay a monthly fee as a mandatory requirement because this is what makes some people feel burdened Because not everyone has a fixed income and if they don't have an income then it is impossible to afford the monthly expenses. If people have a good source of income, then insurance is the right choice because it can protect health, education and damages costs when unexpected things happen.

You are right in pointing out that fees have to be regularly paid inorder to maintain a good insurance plan.
Those with white collar jobs are easily opened to such schemes because most times these insurance companies propose or present offers that is better suited to those with a steady source of income.

The best bet we have these days and see as insurance for the future is HODLing BTC or other forms of cryptocurrency to cover unexpected expenses that range from health hazards to emergencies.

Why would you say he is right? I disagree with him. In some countries Insurance is a necessity and as far as i know i am certain that no insurance is not worth it. Insurance is like a safety net that helps protect you from big, life-changing losses. However, there are things i feel like not necessary taking an insurance on if you get unlucky. Like your tv, refrigerator and some home appliances that one can do without you could put hose money into savings for better purpose and wait till sometimes you can get them back.

The thing is money doesn't work the same way for everyone. Losing $1000 might not hurt too much for most people, but losing $100,000 could mean selling your house, selling your cars, quitting school, or getting another job. The effect on your life is way more than just 100 times the difference between the two amounts. This is the reason why insurance is important. Instead of you losing so much you could gradually settle those things with time even if you have to pay more to the insurance company for there services, its better than pulling such an amount at a time for life issues.

[leonair]

There are different types of insurance and they work in different ways. However, insurances often work in times of danger. So insurance is very important for us. But there are many who don't like it.  But in reality insurance is very beneficial
. Life Insurance
. Health Insurance
. Investment Insurance

I think the importance of these three is very high. These reduce our financial risk a lot. And bad times will support us a lot. So I think everyone should take the services of these insurances

[topbitcoin]

This insurance is actually important and not important. And an wise person will definitely prepare everything, including his future and other things. And we will never know when we will get sick, nor when we will die.

If we are not good enough at managing finances, then the presence of this insurance is a pretty good solution. because the presence of insurance will help us to prepare for everything, such as possible risks and also help us to prepare for our and our family's future. However, if you have good financial management, then I recommend not using insurance.

And in closing, if you decide to use insurance, I just advise you to be careful in sorting and choosing the insurance company you want to use, because currently there are many irresponsible insurance companies, which do not provide the rights of the insured in the company. the insurance.

[Spaceman1000$]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

In as much as it's of utmost importance we insure our investment or important properties, don't also forget that the lady has been in business for almost two decades, you wouldn't blame her for doubting that there will be flood, because she hasn't experienced it before.
I believe for everything there is a first time experience, going forward she must have learned lesson. But most times insuring some of these business can be very expensive especially for starter business.

[milewilda]

I couldn't agree more.  As a financial advisor this is of course a topic that comes up a good bit in my practice.  I am starting to see a "self-insure", "insurance is a waste of money" type of movement.  Sort of like there is with college and people calling it a waste of time and money.

Insurance is extremely important.  I've used my health and auto-insurance countless times.  Had I not had it, I'd have built up a great deal of debt.  Another example is having bought my mother LTC (long term care insurance) some years back.  I knew her future health wouldn't be the greatest and unfortunately she is not quite sick, and has been for several years.  Thank god for the LTC insurance as it's more than paid for itself. 

It's all about the situation, the costs etc..but to flat out say insurance isn't necessary is to be ignorant.

You wont really be seeing its importance until its there, people would really be just telling into themselves that they should have acquire it into those times that they are really that seeing that they would really be needing it.
It is really just that people would really be seeing its importance on this case on which its already too late. Just like the rest been saying on various situations about its importance. It is really just that highly been ignored
or reject out because most people do say that it is really just that an add up expenses but it is really  that totally helpful on the time that you would really be able to experience such situation.

Just like for example not only limited to health insurance but also in vehicle on which its true that if you havent able to get one and since accidents is something that cant really be known on when to
happen then it would really be able to save up your ass when it comes to repair cost because if you dont have  that insurance then get prepared on repairing your car
with full cost out of your own money and might really be giving out such huge impact into your finances then this is where you would make those realizations that you must get one.  

[ajiz138]

Having insurance can only waste money in the long run, and our money will only be wasted paying for insurance every month.

Because in fact when I take health insurance and I pay every month. When I fell ill and went straight to the hospital to be treated, it turned out that the treatment given to patients who used insurance was not optimal and excellent, it was different from when I paid directly to the hospital, the service was so fast and excellent, I didn't even have to queue too long to get it. can get care and treatment at the hospital.

we can have insurance but not health. So the most important thing is, take care of your health and make as much money as possible.

Many people think like that where they rather than paying for insurance every month then it is better to use the money for other purposes, maybe that word we often hear but there is good insurance is important especially for our health, what if we can't make money anymore? Of course this will be complicated and you will run out of money because too many treat you for so long.

For insurance services depends on each country because it is different, sometimes in insurance there is an upper class and a lower class, if you choose the lower class maybe the service will be like that, but I'm sure not all like that because some countries serve well when you go to the hospital, with the insurance they use.

I think insurance is important because people are lazy to spend money so they don't do this, but if you don't like this method, maybe you can create a special reserve fund for your health.

[Renampun]

...

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

preparation for the future is a very important thing for everyone, I also realize that and will not be trivial about it. Even though insurance is important, in some areas, it will be very difficult for you to claim what is rightfully yours, so if you don't intend to have insurance then saving and investing is the wisest choice. every living human being needs preparation in order to be able to live his life in the future stably, in the past our ancestors understood the seasons, so they would prepare food in the summer in preparation for when winter came, problems would always come to humans, that cannot be rejected.

[Fortify]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

It's not only good advice, sometimes it is downright mandatory and written into contracts. Like if you take out a mortgage or a large business loan, you will often be required to insure it against catastrophic loss, because the bank also wants to be sure that the asset they are funding will be covered in the worst case scenario. It can be tricky when you get into more tailored insurance, like income insurance, when determining whether it is the right choose. Most people will go through their 20's without any need for things like that, as the amount they are earning can often be low, however once you get into your 30's and beyond there are lots of dangers out there like redundancy or health risks, which get more important to protect against financially.

[franky1]

insurance is important.. but the correct insurance is more important

a story of a business lady who never experienced flood in 50 years would not pay a higher premium that has a "flood protection" add-on.. but then the flood happens and oops, still not covered.

many people pay basic insurance for false security and find out they dont qualify for a claim when the worse happens

get the RIGHT INSURANCE not just the basic insurance
the other option is to look at the costs of repair/replacement. and then look at the premium amount to insure. and calculate if its worth paying a premium or setting aside that amount as a 'emergency savings' pot to cover repairs

EG
a. if you know you can buy new flock of chickens and it takes 4 months to full grow them to sell.. for 1k
   and renting a chicken coup for 4 months is 2k   (total 3k to get back to work)
b. if rebuilding a coop for yourself is 15k and will take 6 months and ontop you pay 1k to get a flock of chickens

3k  to be at a point of selling chickens in 4 months
vs
16k to be at a point of selling chickens in 10 months

work out is it better to pay premiums to insure the 16k cost. or put aside the premium amount into your own savings for emergency to cover 3k to get straight back to operating under rent

[freedomgo]

Insurance is crucial, no doubt, but it's also smart to stash some cash for those unpredictable times. Plus, spreading your business across different areas is key to cutting down on risks. You can't just stick to one thing forever; it's better to explore possibilities and have a backup plan in case things get tough.

Personally, I haven't gotten insurance for my business yet, but I'm thinking about it. Right now, my main goal is to save up so I can kickstart another business in a completely different field from what I'm doing now. Gotta keep those options open as we never know.

[franky1]

Personally, I haven't gotten insurance for my business yet, but I'm thinking about it. Right now, my main goal is to save up so I can kickstart another business in a completely different field from what I'm doing now. Gotta keep those options open as we never know.

there is different levels of insurance
as a minimum for running a business... liability
its the legal costs if you or your product causes harm or loss to an employee, customer or guest

then there is buildings/contents insurance. but these can be at different levels. whether its fully inclusive or only contains one or more of:
accidents, arson, no fault fire, flood, storm, lightning, damage, theft, etc

[BRINIRHA]

In fact, it is very difficult for this insurance to reach all levels of society. Maybe in developed countries, insurance is widely used by all people and yes, it is really very useful. Because the average income in developed countries is quite high. But in lower developing countries, people even find it difficult to just earn a daily income and eat. So there is not enough money for them to pay insurance contributions. Because they even have difficulty leaving money to save and invest. Because most jobs in developing countries only pay fairly minimal salaries to their workers. So in essence, insurance is necessary for people who have a middle to upper level of life. But for lower level people, they actually also need it, but most of them don't even know and can't afford to pay the insurance bill. But in my country the lower level of society has been given convenience with free health facilities and the like. So even though poor people don't have insurance, they still won't worry about getting treatment and health. Because the state has borne it. But for the middle and upper class, they really have to have insurance for this.

[michellee]

We really need insurance if at any time something bad happens to us and our family. But of the many insurance companies that exist, we really have to choose them carefully. We have to do research and compare one insurance company with another insurance company. That's so we can get an insurance company that suits us.

Often we are trapped with insurance companies that only make promises to their customers. Still, when we want to use their insurance because something happens to us, they put forward complicated conditions. We must avoid this and that is why we must do more research.

In developing countries, not everyone can have insurance because they have difficulty surviving and meeting their daily needs. They don't think about having insurance but how to survive. This requires attention from the government so that it can provide solutions for those who are still at the bottom of the line.

[cryptoknightt]

Maybe for some people it's hard, imagine it's already hard to meet their daily needs, let alone having to pay for insurance, and I see those who run the insurance business get a decent income from the customers they get.
for example, there are 100 thousand people who take insurance this month and they get a salary of a few percent of that, my question is, did those 100 thousand people experience a disaster during that month?
I said less than 1% of people experience disaster, so where does the money go, and how much money do they get after many years?

[RockBell]

...

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

I did not value the importance of insurance until I saw a lot of occurrences and the whole thing changed my mindset about how important insurance is because if your life is insured then even your family will be financially secure that is the most important thing when you have family, and also insuring your assets is good because there should be any accident then you have the alternative to backup your business best advice insure anything that is insurable.

preparation for the future is a very important thing for everyone, I also realize that and will not be trivial about it. Even though insurance is important, in some areas, it will be very difficult for you to claim what is rightfully yours, so if you don't intend to have insurance then saving and investing is the wisest choice. every living human being needs preparation in order to be able to live his life in the future stably, in the past our ancestors understood the seasons, so they would prepare food in the summer in preparation for when winter came, problems would always come to humans, that cannot be rejected.

preparing for the future is just like preparing for rainy days when there are storms you have a cover and that cover is insurance, it might not be important to everybody but to me, it is very important because if you have a business for example and you did not secure it then if there is any disaster or any occurrence then were do you get money to start up but if your insured you have nothing to fear and I know you won't have access to the money paid to the insurance company but your investments are safe, and saving for a situation like this is not advisable because money is losing its value gradually. no matter the price of anything your insurance will cover you.

[pinggoki]

Maybe for some people it's hard, imagine it's already hard to meet their daily needs, let alone having to pay for insurance, and I see those who run the insurance business get a decent income from the customers they get.
for example, there are 100 thousand people who take insurance this month and they get a salary of a few percent of that, my question is, did those 100 thousand people experience a disaster during that month?
I said less than 1% of people experience disaster, so where does the money go, and how much money do they get after many years?

That's not how insurance works, you pay for it so you don't have to worry in case there's an emergency happening and you don't have the money to spend to help yourself at that time. It's not a waste of time but it definitely can look that way when you aren't experiencing bad things in your life, think of insurance as something that many disregard because they don't need it now but will regret not having it when the need comes to them. You have to be careful about picking the insurance though, you have to make sure that you aren't in one of those that will deny you in your time of need, most of the time, these kind of scummy insurance companies are private owned so be careful.

[DeathAngel]

It is so important to insure your home, car & valuables to protect yourself financially from unexpected events. Insurance provides coverage against damages, theft, accidents or as OP says natural disasters that can cause significant financial loss. Without insurance it’d be a disaster, you would have to bear the full cost of repairing or replacing your possessions. In case of an accident or injury, insurance also provides liability coverage, safeguarding you from potential lawsuits & legal expenses. By insuring your assets you get peace of mind knowing that you are financially protected & can recover from unforeseen circumstances effectively.

[Ayers]

Maybe for some people it's hard, imagine it's already hard to meet their daily needs, let alone having to pay for insurance, and I see those who run the insurance business get a decent income from the customers they get.
for example, there are 100 thousand people who take insurance this month and they get a salary of a few percent of that, my question is, did those 100 thousand people experience a disaster during that month?
I said less than 1% of people experience disaster, so where does the money go, and how much money do they get after many years?

That's not how insurance works, you pay for it so you don't have to worry in case there's an emergency happening and you don't have the money to spend to help yourself at that time. It's not a waste of time but it definitely can look that way when you aren't experiencing bad things in your life, think of insurance as something that many disregard because they don't need it now but will regret not having it when the need comes to them. You have to be careful about picking the insurance though, you have to make sure that you aren't in one of those that will deny you in your time of need, most of the time, these kind of scummy insurance companies are private owned so be careful.

Insurance is really necessary for most of us, it's like saving money for emergencies and unexpected situations. But I agree with part of cryptoknight's comment, not everyone can afford to participate in those insurance programs. For developed countries, this is normal, but for developing and poor countries, it is very difficult for many people. Many households in my country have bought insurance for their children but they have not been able to maintain a regular budget and pay insurance on time. They breached their contracts with insurance companies and their money was not reimbursed by the insurance company. It can be said that if a family has the means, buying insurance is a good thing to do, but for families with economic difficulties, that is not possible.

[southerngentuk]

In less developed countries, insurance is often not as highly valued. People there often do not trust insurance companies. They worry that insurance companies will refuse to pay compensation or it will take a long time to resolve claims. In addition, very few people understand insurance well. Even the story in my country, a woman living in an area that often floods every year. She bought home insurance but when the flood happened, she did not receive compensation. She had to repair the house herself, losing a lot of money. They really don't understand the nature of insurance and therefore think it is nothing more than a scam model

[angrybirdy]

Maybe for some people it's hard, imagine it's already hard to meet their daily needs, let alone having to pay for insurance, and I see those who run the insurance business get a decent income from the customers they get.
for example, there are 100 thousand people who take insurance this month and they get a salary of a few percent of that, my question is, did those 100 thousand people experience a disaster during that month?
I said less than 1% of people experience disaster, so where does the money go, and how much money do they get after many years?

That's not how insurance works, you pay for it so you don't have to worry in case there's an emergency happening and you don't have the money to spend to help yourself at that time. It's not a waste of time but it definitely can look that way when you aren't experiencing bad things in your life, think of insurance as something that many disregard because they don't need it now but will regret not having it when the need comes to them. You have to be careful about picking the insurance though, you have to make sure that you aren't in one of those that will deny you in your time of need, most of the time, these kind of scummy insurance companies are private owned so be careful.

Insurance is really necessary for most of us, it's like saving money for emergencies and unexpected situations. But I agree with part of cryptoknight's comment, not everyone can afford to participate in those insurance programs. For developed countries, this is normal, but for developing and poor countries, it is very difficult for many people. Many households in my country have bought insurance for their children but they have not been able to maintain a regular budget and pay insurance on time. They breached their contracts with insurance companies and their money was not reimbursed by the insurance company. It can be said that if a family has the means, buying insurance is a good thing to do, but for families with economic difficulties, that is not possible.

We all know that we have a different level of financial stability in life especially now that some countries are experiencing inflation wherein rising prices of goods and services  affects people on their financial budget and the cost of living is continuously spiking up while the salaries of the employees are not increased that's why having an insurance or budget for that is quite difficult to sustain nowadays, unless you have other source of income. Insurance is very crucial nowadays and who doesn't want to have insurance or investment? If there's enough money, people will definitely put it in their priorities.

[slapper]

If the economy is unstable and market prices change all the time, how useful is insurance? When countries change quickly, the data used to calculate risk can no longer be trusted by insurance companies. Furthermore, insurance coverage is usually low in developing countries. This isn't because people don't know about it, but because they don't trust organisations and can't afford it. If we oversimplify a complicated problem, does insurance really solve everything?

Regarding life and health insurance, there is another side. Although insurance can protect you from financial risks, it usually means higher costs because insurance companies have to pay for operating costs and make a profit. In countries with bad healthcare systems, insurance can make healthcare more expensive and harder to get. If this is the case, is asking for insurance really helpful in these kinds of economies without dealing with systemic problems? Or are we unintentionally supporting a system that could make unequal situations worse?

[tabas]

I have heard a lot of horror stories that's connected to insurance and as well as success stories on how insurance helped them to recover from the loss of their breadwinners. And before talking about insurances, I had made sure that I have already one and I have to fill it up again since it's about to expire, the coverage that I have got. I won't pay for monthly dues, I lumpsum it for covering the whole year and next year will be renewed. We have our houses, cars and other things insured and people tend to say that they don't need life insurances. So, if you're trying to protect your possessions, why not protect yourself as well and don't regret that money that you'll use for buying a policy.

[ndutndut]

Having insurance can only waste money in the long run, and our money will only be wasted paying for insurance every month.

Actually, it's important to have insurance, it's not always a waste of time because this is important in the long term if unexpected things happen. It's just that you choose really good insurance. If you choose a bad insurance company, as you said, paying for insurance every month will be useless.

Because in fact when I take health insurance and I pay every month. When I fell ill and went straight to the hospital to be treated, it turned out that the treatment given to patients who used insurance was not optimal and excellent, it was different from when I paid directly to the hospital, the service was so fast and excellent, I didn't even have to queue too long to get it. can get care and treatment at the hospital.

This kind of reality happens a lot in my country too, where if we go into insurance the service should be good and appropriate, but in reality there are still many whose service is not good, maybe this is what I said from the start, you have to choose a credible insurance company.

I have an example from my neighbor who has life insurance, when the offer is sweet and sweet, but when the heir makes a claim, there are many reasons why the insurance company thwarts the claim by bringing up and looking for the history of the deceased's illness. If you are concerned about the history of the illness, why not do a suitability test from the start? The principle of "know your customer" is not implemented by the insurance company, so it is used as a reason that claims cannot be disbursed. This is very painful for customers and heirs, this is all the result of choosing the wrong insurance company so there is a lot that is not clear.

we can have insurance but not health. So the most important thing is, take care of your health and make as much money as possible.

This is the important point, take care of your health and earn as much income as possible for a better future.

[bayu7adi]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things. Besides, the regulations in insurance are usually unfair, possibly due to the type of insurance we choose or even the monthly bill we pay. And health insurance cannot guarantee someone's perfect health 100%, like in the case of a body part being amputated due to an accident... the insurance cannot provide a natural human limb that functions like the original. Instead, they compensate with cash, which in this context might sound like "selling our body parts for money."

I see all insurance as still imperfect. So, rather than paying bills for many type of insurance, I prefer to prepare a backup plan in case something suddenly goes wrong, like a business collapsing or losing a job. These situations should be handled with a healthy body. As long as someone is healthy, there are still many possibilities to strive for.

[crwth]

Having to work and being secure is one way to think about this. Knowing that you are able to become capable of handling these types of things is right. Being protected and secure is a great way to live because you will never know what is coming next and it is something to be thought about when you have the capacity to.

Some people think of it as "when they need it" but others do it because they think ahead and I think being secure is the best way to prevent headaches in the future and be secure when the unexpected happens.

It's up to you if you want to be ready or not but I believe it's worth pondering upon.

[livingfree]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things.

This is what most of the people says when the topic is all about health insurance. Because we're still strong and healthy, we can do a lot of things and we're safe from being sick.

But it's not the whole point. When you take an insurance, it's also giving you the peace of mind that any unfortunate scenario that can happen to us while we're healthy is covered and protected.

That's the whole point about being insured. You don't know what might happen tomorrow or within the next seconds of your life.

[taufik123]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things. Besides, the regulations in insurance are usually unfair, possibly due to the type of insurance we choose or even the monthly bill we pay. And health insurance cannot guarantee someone's perfect health 100%, like in the case of a body part being amputated due to an accident... the insurance cannot provide a natural human limb that functions like the original. Instead, they compensate with cash, which in this context might sound like "selling our body parts for money."
-snip-

Statements like this in my opinion cannot be justified, because after all we don't know it will always be healthy or not.  
The economic level also will not guarantee you can bear everything without insurance.  
At least you have one insurance that will cover when something happens that you don't want.  

I myself have a government-run insurance, and it is very useful for my family.  
Regarding the injustice of insurance regulations depends on each insurance policy.  
Indeed, there are some insurance that is naughty and does not even give the customer the rights.
But for government insurance I have never complained about unfair rules or about how they are handled, everything is going well.  

Any insurance will not guarantee perfect health, there will certainly never be.  
It's all been a risk, because to recover 100% it takes a long time like when an accident and there are body parts that have to be amputated, of course that's the procedure and insurance will back up costs for surgery, not give a miracle by regrowing his legs.  

If you are more open and see from the positive side, insurance has many benefits for those who cannot afford it.
Especially if you have insurance that is obtained from the government, and it is free, it will provide an opportunity to be treated well when there are sick family members, We cannot just look at one perception.  

[Peanutswar]

The word insurance is the same as being secured for future purposes, people keep having this because for the future case scenario might happen to them right now these are the common offered by different insurance company mentioned by @lizarder

1. Life Insurance
2. Health Insurance
3. Education Insurance
4. Investment Insurance
5. Vehicle Insurance
6. Accident Insurance

In advance if something necessary happen based on the agreement with the insurance is they will cater most of the expenses to their customer, the reason why there are a lot of company offering this someone few of them didn't use their insurance but in some case of course we cannot predict those people came into an accident the insurance company must need to support those needed by their client. Likewise, it's better to have than nothing that's why people keep urging having this insurance but of course as an exchange they need to pay for a monthly subscription or a lifetime well depends.

[Mame89]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things.

This is what most of the people says when the topic is all about health insurance. Because we're still strong and healthy, we can do a lot of things and we're safe from being sick.

But it's not the whole point. When you take an insurance, it's also giving you the peace of mind that any unfortunate scenario that can happen to us while we're healthy is covered and protected.

That's the whole point about being insured. You don't know what might happen tomorrow or within the next seconds of your life.

Yes that's right. Insurance is important, especially as health insurance is an investment in your future health. It's just that perhaps what @Bayu7adi said was not the essence of insurance but rather the technical problem, not the insurance savings. but ensuring that insurance claims run smoothly, indeed insurance is important, but if claims are difficult, people will be reluctant to rely on insurance. Maybe this is what you need to pay attention to before entering into insurance, choose insurance that has truly been tested for its services.

So it makes people more open minded, because insurance is not only for themselves but for their loved ones too. Nowadays, insurance is really needed, especially for health. For those of you whose parents are older, you will definitely feel the pain, whether it's a mild illness or one that requires regular check-ups. My family and I have insurance.

[Mr. Magkaisa]

        -  If we have the ability to get insurance, why don't we get it? Right, as long as we can afford it little by little. For example, I have a son who is a boy; he is still quite young, but I am preparing 1 year from now and would like to get a plan for him, and when I have done that, of course, it will be for myself and my husband.

And the other things, like the car and health,  let's get them too if there's a chance, right? It's better that while we're still strong, we get insurance because it's also for the loved ones we'll leave behind.

[freedomgo]

Personally, I haven't gotten insurance for my business yet, but I'm thinking about it. Right now, my main goal is to save up so I can kickstart another business in a completely different field from what I'm doing now. Gotta keep those options open as we never know.

there is different levels of insurance
as a minimum for running a business... liability
its the legal costs if you or your product causes harm or loss to an employee, customer or guest

then there is buildings/contents insurance. but these can be at different levels. whether its fully inclusive or only contains one or more of:
accidents, arson, no fault fire, flood, storm, lightning, damage, theft, etc

I might think about getting these kinds of insurance once my business hits a more stable stride and grows. At the moment, it's in the early stages, we're renting space, and our employee count is still modest. The future looks a bit uncertain. When it comes to insurance, I understand it's there to safeguard the business, but I've got to align it carefully with my budgeted expenses. Allocating funds for premiums is automatic, and I need to make sure it fits into the financial picture.

Real property insurance isn't on the table for me right now, like I said, I'm just taking it easy for the time being.

[Winterfrost]

Having to work and being secure is one way to think about this. Knowing that you are able to become capable of handling these types of things is right. Being protected and secure is a great way to live because you will never know what is coming next and it is something to be thought about when you have the capacity to.

Some people think of it as "when they need it" but others do it because they think ahead and I think being secure is the best way to prevent headaches in the future and be secure when the unexpected happens.

It's up to you if you want to be ready or not but I believe it's worth pondering upon.

It's best to plan ahead. People often say, "Live your life to the fullest," but I don't believe they're planning on dying anytime soon. Because why would someone live without having any insurance? Unexpected events can happen in life, but it's not certain that they will happen anytime soon. And since we don't know what the future holds, it's best to secure ourselves with insurance. It could be an accident, a loss, or any other unforeseen event. I've seen a case where someone had an accident, but when taken to the hospital, he had no family members or friends to reach out to. It was as if he was a ghost. How could he survive? But what saved him was his health insurance. He was treated very well, and his life was saved. By now, he should have paid off what he owed the insurance company for his surgery.

[lizarder]

You are right in pointing out that fees have to be regularly paid inorder to maintain a good insurance plan.
Those with white collar jobs are easily opened to such schemes because most times these insurance companies propose or present offers that is better suited to those with a steady source of income.

The best bet we have these days and see as insurance for the future is HODLing BTC or other forms of cryptocurrency to cover unexpected expenses that range from health hazards to emergencies.

We must consciously carry out all forms of terms and conditions regarding the insurance agreement with the company. Insurance is indeed quite important for people, but it comes back to how someone can follow the terms and conditions provided through monthly payments. There is no free insurance that will provide equivalent services, for example regarding health insurance, vehicles or other insurance. Unfortunately, not everyone can get insurance even though we know that insurance is very important to protect against all kinds of disasters that occur.

Holding bitcoin is considered one of the right ways because we don't need to spend any money as a monthly expense, its nature is not as a form of savings but to maintain the value of the money we have. But actually, I much agree that if we have good finances, we are included in insurance because there are many advantages that we can get even though we regularly have to top up money every month.

In advance if something necessary happen based on the agreement with the insurance is they will cater most of the expenses to their customer, the reason why there are a lot of company offering this someone few of them didn't use their insurance but in some case of course we cannot predict those people came into an accident the insurance company must need to support those needed by their client. Likewise, it's better to have than nothing that's why people keep urging having this insurance but of course as an exchange they need to pay for a monthly subscription or a lifetime well depends.

That's true and there is a kind of free insurance offered by the government through the taxes we pay or it can also be free school at state institutions that don't pay at all. Usually we enjoy this insurance for health costs when we go to hospital for treatment, but the service we get is the lowest because this insurance is not paid directly by the person but is deducted through taxes. There are also some insurance companies that try to use customer funds to make a profit and in the end the insurance company goes bankrupt because it gets into trouble with the law. Cases like this have happened in my country where insurance companies were unable to refund customers after they had legal problems. In the end, it is the customers who have deposited money regularly that suffer the loss and therefore, even though insurance is a solution, we must also look at a clear insurance company before joining it.

Being included in insurance has many advantages when we have an accident, so you don't need to spend any more money to go to the hospital for treatment and the damage to the vehicle is also covered. If business experiences a fire or results in a disaster, the goods will be replaced by the company and we will get many other benefits from insurance if we follow their terms and conditions.

[Davian144]

        -  If we have the ability to get insurance, why don't we get it? Right, as long as we can afford it little by little. For example, I have a son who is a boy; he is still quite young, but I am preparing 1 year from now and would like to get a plan for him, and when I have done that, of course, it will be for myself and my husband.

And the other things, like the car and health,  let's get them too if there's a chance, right? It's better that while we're still strong, we get insurance because it's also for the loved ones we'll leave behind.

This is quite reasonable to obtain as long as we have enough time and opportunity to have it from now on, because we also have to realize that the times we will go through later will not always be the same as the time we have gone through now. So as long as it can be quite useful for the future and can be obtained from now, I don't think there's anything wrong with anyone getting it for themselves and also for the sake of their own family. After all, each person does not know when he or she will experience a disaster such as an accident or illness, so insurance such as accidents and health can be an important point to have.

[martinex]

This is quite reasonable to obtain as long as we have enough time and opportunity to have it from now on, because we also have to realize that the times we will go through later will not always be the same as the time we have gone through now. So as long as it can be quite useful for the future and can be obtained from now, I don't think there's anything wrong with anyone getting it for themselves and also for the sake of their own family. After all, each person does not know when he or she will experience a disaster such as an accident or illness, so insurance such as accidents and health can be an important point to have.

Not everyone has to have health insurance, for example. Now the government, for example in my country, has also done the same thing as offered by insurance companies, namely by issuing a health insurance program for all people and they can use it for treatment at places designated by the government. So, what's different here is that if we have entered the insurance program, we can claim the funds back after we have received treatment at the hospital appointed by the insurance company.

[kryptqnick]

There are very different kinds of insurance, right? There are medical insurances, there are ways of insuring cars, houses, and insurance of business assets. If you can ill, I don't think an asset insurance will be of any help, but if you get robbed or hacked, then it can be useful.
If you have a serious business, and it can be reasonably insured, insuring it is a good idea. But you can't get insurances for everything, predict every possible situation.
Speaking of insurance, I had this idea a few years ago that crypto insurance is probably a good business niche because some people don't want to take full responsibility for their money, even cryptos.

[bitzizzix]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things.

This is what most of the people says when the topic is all about health insurance. Because we're still strong and healthy, we can do a lot of things and we're safe from being sick.

But it's not the whole point. When you take an insurance, it's also giving you the peace of mind that any unfortunate scenario that can happen to us while we're healthy is covered and protected.

That's the whole point about being insured. You don't know what might happen tomorrow or within the next seconds of your life.

If that's what most people say, I think these people feel arrogant and think they are always healthy because every human being will definitely get sick.
In my opinion, health insurance is very important to take care of when you are sick, because you can't know when it will come, and what we need to know is. That every year health costs will definitely increase, and no one can guarantee that we will always be healthy, even though we feel like we are always healthy, in the long term we will remain healthy and this is something we must anticipate. And if you don't have health insurance, if you are sick, and don't have an emergency fund, who else do you turn to for help especially if the amount is large.

[justdimin]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things.

This is what most of the people says when the topic is all about health insurance. Because we're still strong and healthy, we can do a lot of things and we're safe from being sick.

But it's not the whole point. When you take an insurance, it's also giving you the peace of mind that any unfortunate scenario that can happen to us while we're healthy is covered and protected.

That's the whole point about being insured. You don't know what might happen tomorrow or within the next seconds of your life.

Yes, we don't want to wait for our health to go bad before we get an insurance as we are not yet qualified for its benefits. It's going to be a wrong decision that we can get regret because we are now going to pay more for our health to recover. If only we avail an insurance at an earlier time, that would have been prevented. I'm not referring to the health condition but to the excess spending. This is only the same to a car insurance. I think each car owner has it.

So if they have it, then why not do the same for our health, when it was more important than any material things? And we are more fragile or prone to illness because we use our body and mind every day to work.

[Alpha Marine]

It's all about the situation, the costs etc..but to flat out say insurance isn't necessary is to be ignorant.

It's funny because where I'm from if you try to talk to the average person about getting health insurance, they'll start giving you excuses like, "I'm healthy, I don't need insurance". When I try to tell them that nobody prays for an illness, nobody wishes to get sick, especially one that is very expensive to treat, but people get sick all the time, and a fatal accident can also happen. They'll counter you, "It's not going to happen to me", at that point, I just say "That's what they all thought".

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things.

This is exactly an example of what I'm talking about.
At least you can see that health insurance is essential, so that's a start. I don't know you and I can't claim to understand your situation but I can assure you that however bad you imagine things to get, it can always get worse. If you don't have any assets at all and no kids and don't plan to have any then you might be right, otherwise, think again.

[leonair]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things.

This is what most of the people says when the topic is all about health insurance. Because we're still strong and healthy, we can do a lot of things and we're safe from being sick.

But it's not the whole point. When you take an insurance, it's also giving you the peace of mind that any unfortunate scenario that can happen to us while we're healthy is covered and protected.

That's the whole point about being insured. You don't know what might happen tomorrow or within the next seconds of your life.

If that's what most people say, I think these people feel arrogant and think they are always healthy because every human being will definitely get sick.
In my opinion, health insurance is very important to take care of when you are sick, because you can't know when it will come, and what we need to know is. That every year health costs will definitely increase, and no one can guarantee that we will always be healthy, even though we feel like we are always healthy, in the long term we will remain healthy and this is something we must anticipate. And if you don't have health insurance, if you are sick, and don't have an emergency fund, who else do you turn to for help especially if the amount is large.

Yes true Health insurance is a very important thing because we may fall ill suddenly and at that time for some reason our financial condition may be bad and then we have to face many dangers if we don't have health insurance. And if you have health insurance, the insurance will be very useful during that emergency moment  So everyone should do it. Apart from this, it is better to keep some other insurances which may be in case of our emergency moment

[salad daging]

This kind of reality happens a lot in my country too, where if we go into insurance the service should be good and appropriate, but in reality there are still many whose service is not good, maybe this is what I said from the start, you have to choose a credible insurance company.

I have an example from my neighbor who has life insurance, when the offer is sweet and sweet, but when the heir makes a claim, there are many reasons why the insurance company thwarts the claim by bringing up and looking for the history of the deceased's illness. If you are concerned about the history of the illness, why not do a suitability test from the start? The principle of "know your customer" is not implemented by the insurance company, so it is used as a reason that claims cannot be disbursed. This is very painful for customers and heirs, this is all the result of choosing the wrong insurance company so there is a lot that is not clear.

Many occur because they see some of the same cases. Where they are with their insurance but the service does not match what they expect is often ignored by their party and often this becomes an argument between the customer and the insurance because it does not match what is desired.

Ever heard a story from someone who used to be offered insurance, you could say the company was well known among the general public, at the beginning they said if it was more than 15 years then the insurance could be claimed, but after 15 years passed when the customer wanted to claim it, the company refused the claim for various reasons, who knows what happened ... someone told me that he regretted following insurance from the company because it did not match the initial promise that was said.

Even though we have chosen a clear and credible insurance company, sometimes claims by heirs are always difficult.

[JMBitcointernational]

There are different types of insurance and they work in different ways.

Insurance has actually played major roles in businesses, let’s take a look at business interruption insurance that covers an individual in the event that if he or she does suffer a loss at the premises and are unable to operate, then his or her income and any overheads they may be due to pay would be protected and paid out on his /her behalf so that they will not have to worry about paying staff wages or salary .

The importance of Insurance is quite numerous because also in Business, financial compensation is provided against financial losses arising out of fire,theft,also any mishap that is related To Marine activities And other accidents And also To help individuals mitigate And hedge against the risk of unforeseen losses .That is To Say that Insurance is up To protect individuals And the Society atlarge .

[Iroh]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things. Besides, the regulations in insurance are usually unfair, possibly due to the type of insurance we choose or even the monthly bill we pay. And health insurance cannot guarantee someone's perfect health 100%, like in the case of a body part being amputated due to an accident... the insurance cannot provide a natural human limb that functions like the original. Instead, they compensate with cash, which in this context might sound like "selling our body parts for money."

I hope you would have a serious rethink and hopefully a change of heart concerning Insurance generally. Insurance has helped a lot of people have something to fall back on where all hopes is seemingly lost during an emergency.
There should be different licensed insurance companies around and you could compare their terms and services to find whatever would suit you best.

Nothing can guarantee a perfect health in the life of an individual. Not even an insurance policy. From your point, I think you expect a whole lot from insurance companies. There aren’t there to give you a new life as they’re not the creator.
They help out and compensate with some aid during unexpected events that are financially challenging and could rise when you least expect.

[flyingcarpet]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.

Insurance is not easy to get in every country. In the country I live in, insurance costs are very high. In order to get insurance other than compulsory insurance and to pay for it, your income must be above a certain level. Some friends mentioned monthly payments for insurance in the comments, but in the country where I live, insurance is usually paid annually. In other countries, both prices and payment methods are different and I think there are big differences in participation rates.

Everyone wants to have an important insurance like life insurance, but it is not easy to pay for it. So I don't think most people in my country would even think about it.

[Essential10]

I don't know what kind of insurance policy any country uses. However, in the society where I live, I have seen three types of insurance being used more, namely life insurance, health insurance, investment insurance. I got the idea about insurance from one of my neighbors who works in an insurance company. Life insurance ensures that your family receives financial support in the event of your death, so that they can maintain their standard of living. Health insurance covers medical expenses, ensuring you access to essential healthcare without financial burden. Investment insurance helps in wealth growth and financial security. I think that insurance, be it for life, health or investment is one of the future gains.

[Zoomic]

Every country has their different insurance scheme as what worked for country A might not work for country B. Insurance is expensive but it's benefits outweighs its expensive nature. Rich men do not bother so much about their assets because they are all insuranced. It is poor men who easily fall back to poverty when they make moves to escape poverty because of lack of insurance.

I got another sense of insurance when I learnt that Lionel Messi insured his left foot for whooping $900 million. This is astonishing and tells volume of the importance of insurance or assurance as it relates to life.

[Lanatsa]

I don't know what kind of insurance policy any country uses. However, in the society where I live, I have seen three types of insurance being used more, namely life insurance, health insurance, investment insurance. I got the idea about insurance from one of my neighbors who works in an insurance company. Life insurance ensures that your family receives financial support in the event of your death, so that they can maintain their standard of living. Health insurance covers medical expenses, ensuring you access to essential healthcare without financial burden. Investment insurance helps in wealth growth and financial security. I think that insurance, be it for life, health or investment is one of the future gains.

People should realize this but majority would really be just simply telling that it is really just that an another expense or a burden without even trying to look at about its relevance and benefits.
You might not be able to appreciate it out because we do know that we cant really be able to involved with accidents or health issues (hopefully not) but having or securing one would really be something
recommended because we dont know on what comes next into our lives on which it would really be just that normal that we should really come prepared or else then you would really be
having that huge financial impact if you dont have insurance.

Insurance is really that important, it is really just that people dont see its worth until they would really be able to experience those unfortunate events into their lives.
Also, yearly premium or monthly wont really be that too much of a burden since it is really that something an amount which you could be able to provide.
For the sake of your families safety and assurance then it would really be better to have one.

[Hewlet]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

This is so true, a lot of people in underdeveloped countries don't take the issue of insuring a property any important maybe because most of these countries don't have functional insurance company and those that might be even functioning will be looking at ways to only make profit thereby doing unnecessary investigation just to avert making payment in cases when the policy is to even take effect.

[Youngkhngdiddy]

Other than health insurance is not essential for me because, as long as I'm healthy, I can do many things. Besides, the regulations in insurance are usually unfair, possibly due to the type of insurance we choose or even the monthly bill we pay. And health insurance cannot guarantee someone's perfect health 100%, like in the case of a body part being amputated due to an accident... the insurance cannot provide a natural human limb that functions like the original. Instead, they compensate with cash, which in this context might sound like "selling our body parts for money."

I see all insurance as still imperfect. So, rather than paying bills for many type of insurance, I prefer to prepare a backup plan in case something suddenly goes wrong, like a business collapsing or losing a job. These situations should be handled with a healthy body. As long as someone is healthy, there are still many possibilities to strive for.

    Everyone has their view of insurance, for me insurance is an ironical advantage to living. Insurance companies now are deceitful and instead of us or our assets being genuinely or legitimately insured, the insurance story is now used as a plot to lure us into believing without suspicions and then we get unknowingly robbed of our earnings no matter how little we gather. The fact that we pay for insurance that is not even guaranteed ought to be a red flag. We've seen its application health wise.
   Now for instance, we get a new vehicle, we go to the insurance company, pay for this vehicle to be insured, and then something unplanned for and unexpected happens, can we be so confident that our insurance would be able to cover our loss? Even they're to pay for the damages, how much will this insurance company pay us that'll be tangible enough to near the worth of our loss? So the general insurance talk is just stealing in disguise because both then, now and forever, no insurance company will be able to insure our assets right for us. I personally, I'm against insurance idea because in worst cases, it's still more like one losses in both sides, first lost the asset and secondly lost to the insurance because he actually paid and renewed insurance payments for this asset that cannot be insured.

[Rruchi man]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

There is poor awareness about the importance of Insurance in some countries, so some of the citizens and people never hear about it, or hear it always feel like it does not apply to them because of insufficient information about it. Some know about vehicle and property insurance, but do not know about health insurance even when health is an asset. While for the other category of people in the under developed and developing countries, they may have heard about Insurance but due to how poor the economy and how they struggle for money may never consider it as important.

[livingfree]

Yes that's right. Insurance is important, especially as health insurance is an investment in your future health. It's just that perhaps what @Bayu7adi said was not the essence of insurance but rather the technical problem, not the insurance savings. but ensuring that insurance claims run smoothly, indeed insurance is important, but if claims are difficult, people will be reluctant to rely on insurance. Maybe this is what you need to pay attention to before entering into insurance, choose insurance that has truly been tested for its services.

So it makes people more open minded, because insurance is not only for themselves but for their loved ones too. Nowadays, insurance is really needed, especially for health. For those of you whose parents are older, you will definitely feel the pain, whether it's a mild illness or one that requires regular check-ups. My family and I have insurance.

That's advance thinking when people haven't bought yet an insurance and they're thinking that claims is difficult to do. You haven't got it yet and then you don't know how to claim yet but you're already thinking of it something difficult. This depends on the company and agent where you bought that policy.

There are people that think like that as if they have already insurance, they only listen to bad stories but not to the good ones where insurance has helped someone's family successfully.

If that's what most people say, I think these people feel arrogant and think they are always healthy because every human being will definitely get sick.
In my opinion, health insurance is very important to take care of when you are sick, because you can't know when it will come, and what we need to know is. That every year health costs will definitely increase, and no one can guarantee that we will always be healthy, even though we feel like we are always healthy, in the long term we will remain healthy and this is something we must anticipate. And if you don't have health insurance, if you are sick, and don't have an emergency fund, who else do you turn to for help especially if the amount is large.

It's okay, they're not arrogant, they just don't feel that they need it now and they are not yet educated about what's the use of it.

Also, they haven't experience yet the unexpected. Thus, they say that don't need it but that's fine because we're dealing with different situations.

Yes, we don't want to wait for our health to go bad before we get an insurance as we are not yet qualified for its benefits. It's going to be a wrong decision that we can get regret because we are now going to pay more for our health to recover. If only we avail an insurance at an earlier time, that would have been prevented. I'm not referring to the health condition but to the excess spending. This is only the same to a car insurance. I think each car owner has it.

So if they have it, then why not do the same for our health, when it was more important than any material things? And we are more fragile or prone to illness because we use our body and mind every day to work.

The oldies that haven't taken insurance and when they're on the bad situation and in sick, they think that's the best time to get insurance. They're wrong because the rules about getting a policy is when you are healthy or if they're allowed, it should be premium and more expensive on their state.

[lienfaye]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

There is poor awareness about the importance of Insurance in some countries, so some of the citizens and people never hear about it, or hear it always feel like it does not apply to them because of insufficient information about it. Some know about vehicle and property insurance, but do not know about health insurance even when health is an asset. While for the other category of people in the under developed and developing countries, they may have heard about Insurance but due to how poor the economy and how they struggle for money may never consider it as important.

Indeed. But once you experience this yourself (the unexpected calamities and life situations) that's when you'll realize the importance of having an insurance. This is not a priority for some of us especially to people living in undeveloped countries but if we think deeper on how it can be useful in the future then we can say that it is wise to have one.

I can attest how important it is when my brother became ill. His life insurance help him financially because his health situation is considered as critical illnes, qualifying him to receive a huge amount. Now he is fully recovered and not struggling financially because of his insurance.

[Litzki1990]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

[pinggoki]

~

Insurance is really necessary for most of us, it's like saving money for emergencies and unexpected situations. But I agree with part of cryptoknight's comment, not everyone can afford to participate in those insurance programs. For developed countries, this is normal, but for developing and poor countries, it is very difficult for many people. Many households in my country have bought insurance for their children but they have not been able to maintain a regular budget and pay insurance on time. They breached their contracts with insurance companies and their money was not reimbursed by the insurance company. It can be said that if a family has the means, buying insurance is a good thing to do, but for families with economic difficulties, that is not possible.

Insurance isn't "it's like saving money for emergencies" because it's the money for emergencies. Depends on what country you are from, most companies require that you have the government insurance to be able to apply for their company and those companies will shoulder the burden on paying your contribution that's why I didn't agree that not everyone can afford insurance maybe the private owned insurances sure but the government owned ones, I am sure that every citizen of a country should be able to afford that. The problem with the one that you are talking about is that they didn't plan how they will pay for it very well and that they probably don't have that big of an income to maintain the payment for that insurance.

[fauzan Ichsan]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

Life insurance does provide guarantees for something if we die, so that our descendants don't have economic problems, because they get a bigger return. However, for me I prefer investing in property rather than carrying out insurance, because insurance is a company and however something undesirable can happen, unlike investment, we can manage it ourselves and can use it at any time, according to our wishes.

[Questat]

Well, I could say it was important but it was not a priority as we can still live without this. Of course, for those who are rich and are enough to pay it monthly, I think they need it really. For some people, it was just preparing for the worst - accidents and death. But we can't see our destiny, at least by having this insurance we could live with peace of mind as we no longer bother any of our family or relatives for the expenses of whatever happens. It is a part of our preparation and we know that we will go that way soon.

[Antotena]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Health insurance is very important in everyones life but I think it's also our responsibilities to choose the right partner. Like make sure that you chose a partner that his genotype matches with yours, if you see AS in genotype, don't mary a partner that is AS else you have just sign the rest of your life in burdens that will suck all your money, choose a life partner wisely. Don't ever settle for some person that is highly risky to your finance, marriage is more than love.

Even as a single man, invest in your health and go for check up when. You pah for this insurances, don't allow the monthly insurance money to go wasted. Don't wait until you have develop intense sickness, go for check ups and scanning to know the status of your health because health is wealth.

[Kelvinid]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

If you are into business, you should take investment insurance. But if we talk about our personal insurance, health, and life insurance is our choice. All of us are encouraged to get those things just for the sake that we are secure once illnesses or death come. Maybe some people don't see it as important but for me, and those who think about the future will certainly take any of those insurances.
Well, maybe you're not but you can find it very important someday. In fact, rich people do this because it is not just solely for themselves but for the entire family as the benefactor of the said insurance.

[Marvell1]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

Life insurance does provide guarantees for something if we die, so that our descendants don't have economic problems, because they get a bigger return. However, for me I prefer investing in property rather than carrying out insurance, because insurance is a company and however something undesirable can happen, unlike investment, we can manage it ourselves and can use it at any time, according to our wishes.

Life insurance may not be necessary for many people, especially those working in the financial industry related to investments. But I think health insurance is necessary because incidents can happen to us at any time and if we have health insurance we will receive many benefits. Like my son was hospitalized for a heart condition and without health insurance, my family would have to pay a lot of money and I wouldn't be able to afford it without insurance. There are many benefits when we participate in insurance, but it depends on the economic conditions of each family.

Between investing and buying insurance, I will also choose to invest, but because I am not rich yet and I want to multiply my money many times over, not because I find insurance useless. If I were rich, I would also buy insurance for my children.

[Ayers]

Maybe for some people it's hard, imagine it's already hard to meet their daily needs, let alone having to pay for insurance, and I see those who run the insurance business get a decent income from the customers they get.
for example, there are 100 thousand people who take insurance this month and they get a salary of a few percent of that, my question is, did those 100 thousand people experience a disaster during that month?
I said less than 1% of people experience disaster, so where does the money go, and how much money do they get after many years?

That's not how insurance works, you pay for it so you don't have to worry in case there's an emergency happening and you don't have the money to spend to help yourself at that time. It's not a waste of time but it definitely can look that way when you aren't experiencing bad things in your life, think of insurance as something that many disregard because they don't need it now but will regret not having it when the need comes to them. You have to be careful about picking the insurance though, you have to make sure that you aren't in one of those that will deny you in your time of need, most of the time, these kind of scummy insurance companies are private owned so be careful.

Insurance is really necessary for most of us, it's like saving money for emergencies and unexpected situations. But I agree with part of cryptoknight's comment, not everyone can afford to participate in those insurance programs. For developed countries, this is normal, but for developing and poor countries, it is very difficult for many people. Many households in my country have bought insurance for their children but they have not been able to maintain a regular budget and pay insurance on time. They breached their contracts with insurance companies and their money was not reimbursed by the insurance company. It can be said that if a family has the means, buying insurance is a good thing to do, but for families with economic difficulties, that is not possible.

We all know that we have a different level of financial stability in life especially now that some countries are experiencing inflation wherein rising prices of goods and services  affects people on their financial budget and the cost of living is continuously spiking up while the salaries of the employees are not increased that's why having an insurance or budget for that is quite difficult to sustain nowadays, unless you have other source of income. Insurance is very crucial nowadays and who doesn't want to have insurance or investment? If there's enough money, people will definitely put it in their priorities.

I also believe that no one doesn't need insurance because of the benefits it brings, but many people say they don't need it because they don't have enough money and they prioritize other things first. And I believe that when those people have enough money and an abundant life, they will definitely look for insurance even though they said they didn't like it before.
Honestly, I don't participate in insurance either, I choose to invest at the present time but when life is more stable, I will definitely participate in insurance because it is not only my future but also my children's.

[boty]

If you are into business, you should take investment insurance. But if we talk about our personal insurance, health, and life insurance is our choice. All of us are encouraged to get those things just for the sake that we are secure once illnesses or death come. Maybe some people don't see it as important but for me, and those who think about the future will certainly take any of those insurances.
Well, maybe you're not but you can find it very important someday. In fact, rich people do this because it is not just solely for themselves but for the entire family as the benefactor of the said insurance.

You are right, if we have a business then it would be better for us to have insurance that can guarantee the business we run when an accident occurs that we don't want, but for personal insurance it really depends on ourselves whether we really need it and whether we can afford it. we spend money to pay for the insurance. I think there is no harm in having this insurance, so we can use it if we have a problem that we have insured against.

[HONDACD125]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

People in developed countries are also aware of insurance and insure their business or their most important things, I think insurance should be given more priority in underdeveloped countries than in developed countries, because developed countries have all the necessary security measures for doing business, while doing business in underdeveloped countries may face many problems.

In underdeveloped countries, whether you are doing business, owning a car or talking about health, you face many difficulties. Especially business insurance should be taken in every case because in underdeveloped countries there are no facilities provided by the government to protect your business. However, if you are earning well, you can spend some of your earnings on your insurance, which will surely save you from major losses in the future.

[itorai]

(Cut a little)
To enter these six insurances, you have to pay a monthly fee as a mandatory requirement because this is what makes some people feel burdened Because not everyone has a fixed income and if they don't have an income then it is impossible to afford the monthly expenses. If people have a good source of income, then insurance is the right choice because it can protect health, education and damages costs when unexpected things happen.

You have discussed various types of insurance, while monthly costs can be an obstacle, insurance provides important financial protection against unexpected risks. Choosing the type of insurance that suits each individual's needs and financial situation is a wise step to protect yourself and your family from large financial losses.

[Lorence.xD]

People should understand how helpful and powerful insurance is, my mother has been paying insurance for almost decades from her work, of course, it would be automatically cut out from her salary so she really budgets her money for all our essential needs, cause monthly cut off is already huge especially if you are not that rich. When she had to accident, she really wanted to use a public hospital to save up money as you would only pay for the medicines, but of course, there are a lot of patients so we settled in a private one which is pretty pricey. That's the time she used her insurance card, we literally didn't pay anything for 2 weeks stay. Simply from that personal experience, I could say that insurance is a must for every person, but currently, I would like to focus on investment as the money would grow over a long time, when I reach my goal amount, by then I would start to save up in insurance.

[2girls]

Specially me I didn't go for the insurance as I have the money which makes me happy as the money I have today is without the insurance and I also earn it from my strength then how could I take my own money insurance.

And specially I didn't like that money for which I didn't work hard how could be a money for which I didn't even try to work and that will be very free I didn't even like to call its my money.

I often choose that type of money which comes through my strength and in which I worked hard day and night and then got that money I can always call it that is just my money and I have to use it now for my will happily.

[philipma1957]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

okay insurance is very important some of the time for some of the people.

I for one want uninsured people for be severely punished for gambling and not buying insurance if and when they fuck up.

Why do I say this because I do insurance and I live a poorer life style because I buy insurance.

So anyone who thought they could roll the dice and not get insurance needs to be crushed when something goes wrong.

Unfortunately uninsured many get bailed out by Others.

Olympic gold medalist mary lou retton owner of a 9000 square foot mansion in USA got sick and had no health insurance. Her daughter did a go fund me page and grabbed $500,000 from sucker and loser that donated.

I would have wanted Mary Lou to be punished for choosing to not insure her self.



https://www.msn.com/en-us/health/other/mary-lou-retton-s-emotional-thanksgiving-message-i-am-slowly-improving/ar-AA1ktQ7M

edit 459k not 500k

[alastantiger]

If we are given the opportunity, then we should also make use of it to insure ourselves and the properties we have, the general approach many have towards this is that they believe that those that should to on insurance should be those that have alot of properties assets because they will have the required financial stand to pay in for the service and also benefited from using it, but if there are low level insurance for the average individuals, then we can also go in for them and have ourselves insured together with our belongings.

The best insurance that I have dreamed of getting is the life insurance. Because in the eventuality of my passing, I do not want my family members to suffer. I want them receive death benefit. Although, I want this i think it is very expensive and I do not trust all these HMOs and their offers some of them. What is good here is to acquire as much wealth as possible during your lifetime, and take your time to write your will. So upon your death, your family members will receive from your investments what is due to them from the will that you have written.

[Winterfrost]

If we are given the opportunity, then we should also make use of it to insure ourselves and the properties we have, the general approach many have towards this is that they believe that those that should to on insurance should be those that have alot of properties assets because they will have the required financial stand to pay in for the service and also benefited from using it, but if there are low level insurance for the average individuals, then we can also go in for them and have ourselves insured together with our belongings.

The best insurance that I have dreamed of getting is the life insurance. Because in the eventuality of my passing, I do not want my family members to suffer. I want them receive death benefit. Although, I want this i think it is very expensive and I do not trust all these HMOs and their offers some of them. What is good here is to acquire as much wealth as possible during your lifetime, and take your time to write your will. So upon your death, your family members will receive from your investments what is due to them from the will that you have written.

Life insurance is probably what everyone wants . No one wants a their kids to suffer and wife after their death. But at the same time health insurance as long as a person is still breathing. Lack of good health care may lead to death. It's advisable to ensure good health insurance for you and your family. This is because even if your not alive anymore they will be giving proper health care.

[tygeade]

Insurance is important, especially as health insurance is an investment in your future health. It's just that perhaps what @Bayu7adi said was not the essence of insurance but rather the technical problem, not the insurance savings. but ensuring that insurance claims run smoothly, indeed insurance is important, but if claims are difficult, people will be reluctant to rely on insurance. Maybe this is what you need to pay attention to before entering into insurance, choose insurance that has truly been tested for its services.

So it makes people more open minded, because insurance is not only for themselves but for their loved ones too. Nowadays, insurance is really needed, especially for health. For those of you whose parents are older, you will definitely feel the pain, whether it's a mild illness or one that requires regular check-ups. My family and I have insurance.

Insurance claims are quite difficult things that's true, I can't really point out how many people had something wrong and had trouble with claiming their insurance as well. My father was a big example, it is not related to crypto, but my father had a car crash, thankfully he got out without any problem at all, and the insurance company offered to pay 10% of the damages, that makes absolutely no sense at all, it is really not the reason why people would have insurance, if I am not getting all 100% back, then why did I paid that much for the company.

The reason why the insurance company rejected paying 100% was the fact that my father was in it for just a year, and they kept saying they did not paid enough to deserve 100% back. Finally he managed to get something like 70-80% of the damages, but still did not get 100% back.

[shawonngp]

Insurance is the most important factor of our life, Personally it was very useful for me when the pandemic started when after three months i lost my only source of income (job).
Different type of insurance in our country, life insurance, health insurance, business insurance but i have only life insurance and i got big supported from my insurance in covid-19.

[D ltr]

Having insurance is actually recommended, but sometimes there are insurance companies who act naughtily, making individuals reluctant to register for insurance.
health, education, accident and old age insurance is the most favorite insurance among the people, in my previous country, but as I said at the beginning there are rogue insurance individuals who do not pay claim funds from every incident, making them less interested in having insurance other than insurance. What the company where you work for is only health and accidents, nothing more

[Nalain420]

Snip

Insurance is very good to be safe in life. In my family, my uncle car was trapped by robbers but he gained his car because he did his car insurance. Our family life is important from everything in life and we are living for them . We should focus on future and bad time can come at any time. Because after bad days ,there are also good days  and our decision matters a lot in life to save our family from any disaster. But many people think that Insurance companies are fraud but in my opinion fraud companies are also available in any country and you should research well before taking any step.

[redsun114]

That was pretty unfortunate for the lady and all the other people who had their businesses washed away by the flood and will now have to start from scratch again. It's not easy to even start a business, and establishing is even more difficult because there is a lot that goes into that process and one cannot afford to lose everything one has made with years of hard work nature is unfair sometimes and there is nothing one can do about that if they haven't prepared for it.

I agree that insuring your business or anything you own is a good thing as you will get funds if something happens, however, as far as I know, I think most insurance companies have a policy that they won't provide funds for insured properties if they are destroyed by natural disasters like floods or earthquakes, etc. I don't know if that's the case with all but some of them do have such policies.

[macson]

Insurance is the most important factor of our life, Personally it was very useful for me when the pandemic started when after three months i lost my only source of income (job).
Different type of insurance in our country, life insurance, health insurance, business insurance but i have only life insurance and i got big supported from my insurance in covid-19.

insurance really makes things easier when we have difficulties, my mother has been on insurance since she was 40 years old, and she has been hospitalized several times because she is old, all hospital costs are always covered by the insurance company, and after i calculate it, if my mother doesn't enter health insurance then the costs that will be incurred are much greater than the fees that my mother pays for insurance, for older people, insurance is very important, we cannot predict whether our future life will be safe, so that's why "preparing an umbrella before it rains down" is the wisest thing that we all must do.

[arimamib]

Snip

Insurance is very good to be safe in life. In my family, my uncle car was trapped by robbers but he gained his car because he did his car insurance. Our family life is important from everything in life and we are living for them . We should focus on future and bad time can come at any time. Because after bad days ,there are also good days  and our decision matters a lot in life to save our family from any disaster. But many people think that Insurance companies are fraud but in my opinion fraud companies are also available in any country and you should research well before taking any step.

yeah.. The more we age the more we need financial security, because we cant keep earning money till we get old. When unexpected thing happens, we need our finance to be ready, especially our health issues that keeps increasing. Having insurance in place provides a safety net, ensuring unexpected payment are covered without worrying about the financial implications.

The concept of "preparing an umbrella before it rains down" captures the essence of insurance. By investing in insurance coverage while we are healthy and financially capable, we are safeguarding ourselves against potential hardship in our old age.

[philipma1957]

Insurance is important, especially as health insurance is an investment in your future health. It's just that perhaps what @Bayu7adi said was not the essence of insurance but rather the technical problem, not the insurance savings. but ensuring that insurance claims run smoothly, indeed insurance is important, but if claims are difficult, people will be reluctant to rely on insurance. Maybe this is what you need to pay attention to before entering into insurance, choose insurance that has truly been tested for its services.

So it makes people more open minded, because insurance is not only for themselves but for their loved ones too. Nowadays, insurance is really needed, especially for health. For those of you whose parents are older, you will definitely feel the pain, whether it's a mild illness or one that requires regular check-ups. My family and I have insurance.

Insurance claims are quite difficult things that's true, I can't really point out how many people had something wrong and had trouble with claiming their insurance as well. My father was a big example, it is not related to crypto, but my father had a car crash, thankfully he got out without any problem at all, and the insurance company offered to pay 10% of the damages, that makes absolutely no sense at all, it is really not the reason why people would have insurance, if I am not getting all 100% back, then why did I paid that much for the company.

The reason why the insurance company rejected paying 100% was the fact that my father was in it for just a year, and they kept saying they did not paid enough to deserve 100% back. Finally he managed to get something like 70-80% of the damages, but still did not get 100% back.

Different rules for different countries and different companies.

I did well on my 2 car claims but I paid in for over 30 years 1983 to 2021 for the second claim.

[Litzki1990]

A person decides to get insurance if he thinks that his future financial condition will not be very good and he will not be able to afford his medical expenses if he falls ill. Insurance is usually of several categories, some are medical insurance, some are accident insurance and some are life insurance. Life insurance is likely to be such that if the person insuring the life insurance dies before the child reaches the age of majority, the insurance company will pay a larger amount to the child, and if the person dies after the child reaches adulthood, the amount The company will return the money deposited in the company to his family. I don't think insurance is that important to me in my current context but if I ever think I should have insurance I will consider it.

Life insurance does provide guarantees for something if we die, so that our descendants don't have economic problems, because they get a bigger return. However, for me I prefer investing in property rather than carrying out insurance, because insurance is a company and however something undesirable can happen, unlike investment, we can manage it ourselves and can use it at any time, according to our wishes.

But there's no guarantee that investment companies won't cheat my successors if I die. Insurance companies treat us very well when we insure the car but whenever our cars get damaged due to accidents and when we talk to the insurance companies about it they keep giving us different excuses. They don't show any rules while insuring but when you make any claim based on that insurance they show you more rules and they make you understand that it is your mistake to insure here. I don't think these companies are safe enough to use insurance companies like this. Investment is safer than insurance because there is no other company's intervention in the investment and the investor can control the investment himself.

[benalexis12]

Specially me I didn't go for the insurance as I have the money which makes me happy as the money I have today is without the insurance and I also earn it from my strength then how could I take my own money insurance.

And specially I didn't like that money for which I didn't work hard how could be a money for which I didn't even try to work and that will be very free I didn't even like to call its my money.

I often choose that type of money which comes through my strength and in which I worked hard day and night and then got that money I can always call it that is just my money and I have to use it now for my will happily.

It is good for you if you have a lot of money that you worked hard for. But with the lifestyle you have now, I think you should also get insurance if you are capable of doing it.

Or it's also possible since, here in the crypto space, if you've already started your DCA in other cryptocurrencies or in Bitcoin, it's also a good idea to make a hold that you think can also give you profit in the future.

[Negotiation]

Insurance is the safety net of your financial plan having the right insurance in the right amount protects you and your family against unexpected events and provides a financial security. Apart from epidemics we have to face risks without fearing risks in many such dangers. We need insurance to deal with these various risks in life. Insurance is an excellent and novel method through which the risk be it personal risk or business risk can be transferred to the insurance company in return for payment of premium. Insurance plans also help in long-term capital preservation that will provide regular income benefits to meet your retirement needs.

[terrific]

Insurance is the safety net of your financial plan having the right insurance in the right amount protects you and your family against unexpected events and provides a financial security. Apart from epidemics we have to face risks without fearing risks in many such dangers. We need insurance to deal with these various risks in life. Insurance is an excellent and novel method through which the risk be it personal risk or business risk can be transferred to the insurance company in return for payment of premium. Insurance plans also help in long-term capital preservation that will provide regular income benefits to meet your retirement needs.

It's your life and health protection. Because we've been working hard all of our days and with the savings and investments that we've made.
When illness and death comes to us, we're leaving this world but our love ones are going to take care for us, burials and etc.
And with those things, they come with a fee. They're not free at all but when you're protected with insurance, it's a big minus and help to them.

[EarnOnVictor]

If we are given the opportunity, then we should also make use of it to insure ourselves and the properties we have, the general approach many have towards this is that they believe that those that should to on insurance should be those that have alot of properties assets because they will have the required financial stand to pay in for the service and also benefited from using it, but if there are low level insurance for the average individuals, then we can also go in for them and have ourselves insured together with our belongings.

The best insurance that I have dreamed of getting is the life insurance. Because in the eventuality of my passing, I do not want my family members to suffer. I want them receive death benefit. Although, I want this i think it is very expensive and I do not trust all these HMOs and their offers some of them. What is good here is to acquire as much wealth as possible during your lifetime, and take your time to write your will. So upon your death, your family members will receive from your investments what is due to them from the will that you have written.

Life insurance is probably what everyone wants . No one wants a their kids to suffer and wife after their death. But at the same time health insurance as long as a person is still breathing. Lack of good health care may lead to death. It's advisable to ensure good health insurance for you and your family. This is because even if your not alive anymore they will be giving proper health care.

All aspects of insurance are good, be it life, health, liability, finances and property, all are good, but as insurance itself is good, the industry is corrupt and insurance companies often cheat people. This explains why people often drag them to court and win them, some could be fraudulent and discouraging trying not to pay people their money, not even the deposits. I believe the system is getting better than before due to the activities of regulators, and the more the government wades in, the better, so that they don't continue to cheat the citizens of their claims.

Also, insurance is not that easy, and one has to be painstakingly engaged in it as it's so demanding. This equally depends on what you are insuring and the packet you signed for in the category, especially if you are not earning that much. This is a setback for some people, you should have a steady income, which is another disparity about it. The poor people or those who are still struggling can't afford most insurance, and this is applicable to some average-earning people as well, it hurts a lot. Regardless, if people could painstakingly pay their insurance and the insurance companies are fair enough, this is a very good way to be covered during the bad and unforeseen negative days.

[_BlackStar]

-snip-

It's your life and health protection. Because we've been working hard all of our days and with the savings and investments that we've made.
When illness and death comes to us, we're leaving this world but our love ones are going to take care for us, burials and etc.
And with those things, they come with a fee. They're not free at all but when you're protected with insurance, it's a big minus and help to them.

In the same context - insurance is important, of course. I have seen so many bitcoin users asking how best to insure their wealth in bitcoin to their heirs if something untoward happen. Obviously this insurance is a type of financial insurance - but however there are many other types of insurance that you can adjust to your needs. It is recommended to consult an expert so that you get the right insurance that you need, such as life, property, financial and health insurance.

If it is about financial protection - then insurance may be one thing to consider. I also agree that good financial planning and having emergency savings are some things that need to be considered too - but of course there are many other things that need to be considered so that unwanted risks can be managed well and possibly minimize them.

[jrrsparkles]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

Well, the problem with the developing countries' insurance system is they don't have a proper monitoring system so the insurance company will simply reject the claim applications most of the conditions which is nothing but robbing legally that is why those people don't trust their insurance schemes and don't waste their money in it.

I do agree that health insurance is mandatory for everyone but the government should have proper regulations for those insurance companies and ensure the insurer gets the claims at needful time.

[KiaKia]

Insurance is not for everyone, not for people that are struggling to have food on their table, not for those who are struggling to get a job after making few degrees, this insurance of a thing doesn't fit very well in my country, most people don't have anything insured, we learn to survive with everything and not use insurance.

Insurance is very good to be honest, but what country are you from? In my country insurance sucks so bad here, as for me, I don't think I will need it, my insurance is my hardware wallet, all my money is locked away from the banks, and also the government, if anything happen I am used to starting over again, it's not the first time that I struggle from the scratch and make it right back up again.

To me I feel that life insurance is the best out of every insurances, when you are gone all of a sudden all your properties will get into the hands of your children, apart from this, it's a no for me.

[MadHatters]

On the one hand, insurance covers the health of you and your family, which saves you a lot of money, and on the other hand, the negative side is that companies take a lot of money.

[Gaza13]

Well, I could say it was important but it was not a priority as we can still live without this. Of course, for those who are rich and are enough to pay it monthly, I think they need it really. For some people, it was just preparing for the worst - accidents and death. But we can't see our destiny, at least by having this insurance we could live with peace of mind as we no longer bother any of our family or relatives for the expenses of whatever happens. It is a part of our preparation and we know that we will go that way soon.

It's true what you say, for someone who is financially well off, I think they definitely have individual insurance if they are married, but it's different for low-income people, the high cost of insurance makes them reluctant to get it, preferring what has been set by the government of each country. each by paying lower contributions compared to private insurance, In terms of treatment at hospitals with private insurance, the treatment is earlier or faster than the government's.

[jeha2015]

Well, I could say it was important but it was not a priority as we can still live without this. Of course, for those who are rich and are enough to pay it monthly, I think they need it really. For some people, it was just preparing for the worst - accidents and death. But we can't see our destiny, at least by having this insurance we could live with peace of mind as we no longer bother any of our family or relatives for the expenses of whatever happens. It is a part of our preparation and we know that we will go that way soon.

We all definitely want a future life with peace and without excessive worries, and it is true that insurance is one of them, so it is not surprising that for some people insurance is important.

Because in the desire to build an established and prosperous life in the future, insurance is one of the many important preparations to support our better financial planning for the future. Because insurance functions to help us anticipate and minimize various financial impacts from various risks in our lives that can occur at any time. For example, the risk of losing your job, health risks, or those related to vehicles. Because what you need to know is that by having insurance, we hope that our financial management can run more optimally in the future.

[Promocodeudo]

OP, the story you narrated is very pathetic, if the flood was predicted and the woman heard about it and paid deaf ears then is her fault, but we should put so many things into consideration, how sure are we that this woman is very enlightened to even know that something like insurance exist another thing is that she might have considered what it will take her to relocate such establishment, this insurance of a thing is done mainly in the developed world, where so many things are balanced, how do you insure in underdeveloped world where some people don't earn anything, is only the rich and the middle class that can do this in poor countries, am not saying that insurance is not good, am just outlining the fact that some set person can not afford it.

[ajiz138]

On the one hand, insurance covers the health of you and your family, which saves you a lot of money, and on the other hand, the negative side is that companies take a lot of money.

So that when you do not have money while you have insurance, you will not be confused when there is a sick family all have been covered and you will not incur costs.

The company will continue to take your money because this is like a guarantee that even your family has been borne on behalf of the insurance.

Now you just have to choose whether you want to save because there is already insurance or prefer to make a reserve fund as an emergency need? If you can manage like that then just do it many people do that and are skeptical of insurance.

But there are those who say insurance is important so they do it.

[Promocodeudo]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.

Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.

Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.

[Mauser]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

It makes a lot of sense to insure our basic needs, especially if we live in a country where there is no protection scheme to provide security for our family. Health insurance should be the first insurance we take out, because we never know what kind of illness we might face in life. Same goes for life insurance, if our family relies heavily on our income that we need to think of the worst case scenario. The problem in my country is that there is insurance for everything and the financial analyst earns a lot of commission for every new contract being signed. It's really hard to find the optimal level of insurance, because the sales people will always try to offer the premium package first. A lot of my friends are to,more than a 100% insured, which costs them a lot every month.

[ultrloa]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.

Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.

Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.

Nope not only rich but poor people also need that since imagine if you get sick and you can't pay your bills because you have nothing left for sure you will struggle paying your bills then might they ignore you since those professionals know that you can't pay their service provided.

Talk with professionals regarding on this and for sure they give you an advice on what plans you can avail with limited budget you have.

Also choose the right insurance company which have good reputation regarding operating this business since there are insurance companies that give their clients a headache since they struggle to get their share once they need to use their insurance.

[angrybirdy]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.

Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.

Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.

Nope not only rich but poor people also need that since imagine if you get sick and you can't pay your bills because you have nothing left for sure you will struggle paying your bills then might they ignore you since those professionals know that you can't pay their service provided.

Talk with professionals regarding on this and for sure they give you an advice on what plans you can avail with limited budget you have.

Also choose the right insurance company which have good reputation regarding operating this business since there are insurance companies that give their clients a headache since they struggle to get their share once they need to use their insurance.

Agree with you that even those poor people need to have insurance in their life but the question is how they can pay for the insurance they get if they earn enough to cover their daily needs and needs. It's easy to advice like this but if you're on their shoes, no matter how much you want to get insurance, you can't because you need to prioritize your spending to survive the day.

[Smack That Ace]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Of course financially, insurance is important, in my country there are several government and private agencies that require every employee to have insurance, at least the insurance required includes: Health insurance Life insurance, these two are things that often happen and are experienced by many people in general, that is why the importance of Health and Life insurance is one of the requirements for employees who work in government and private agencies.

Plus, insurance was mentioned by: @lizarder, maybe we all know how important insurance is, because we never expect disruption to the financial/economic stability of every human being, it could happen suddenly, like a house fire, car accidents, natural disasters and also the assets we own, so to overcome risks that can happen to us at any time, of course insurance is one of the companies that handles these risks, financially and as a priority, The point is that bad things can happen unexpectedly and unthinkably, of course I agree with what the OP said about the importance of insurance in our lives.

Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.

Nope not only rich but poor people also need that since imagine if you get sick and you can't pay your bills because you have nothing left for sure you will struggle paying your bills then might they ignore you since those professionals know that you can't pay their service provided.

Talk with professionals regarding on this and for sure they give you an advice on what plans you can avail with limited budget you have.

Also choose the right insurance company which have good reputation regarding operating this business since there are insurance companies that give their clients a headache since they struggle to get their share once they need to use their insurance.

Agree with you that even those poor people need to have insurance in their life but the question is how they can pay for the insurance they get if they earn enough to cover their daily needs and needs. It's easy to advice like this but if you're on their shoes, no matter how much you want to get insurance, you can't because you need to prioritize your spending to survive the day.

You are right, poor people need more insurance than rich people but their problem is financial, they even have difficulty paying for each meal and daily clothes. How do they have enough money to participate in insurance? Only people in that situation understand that buying insurance is impossible for the poor.

By the way, I think in contrast to everyone, rich people don't need insurance even though they can afford it. Like the area I live in, when rich people get sick, they always go to big hospitals and the best doctors. They don't care how much it costs as long as they get the best care and safety. The poor are the ones who need insurance.

[barisbilgili]

Is only a rich and well to do individuals that can think about insurance, not being skeptical, I know that insurance is good because it make covers risk management, no one knows when unwanted incident will take place that's why people insure so many things, but before taking this step you as the person has to consider things, in some country where laws are been made but not enacted or kept insurance company does anything they like with your money even though you go to court you wont still win them because most of the insurance company major share hold are top politicians so how do we go about this.

You are right, those who already have sufficient wealth will certainly think about having insurance in the field they want, because they are aware of the risks they face and don't know when this will happen to them so they choose to insure against it.
We must be able to choose an insurance company that can guarantee ourselves because we have paid it, don't let it be after we have paid the insurance and when we claim the insurance it is very difficult for us to get it, of course this will be detrimental to ourselves.

[armanda90]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Actually insurance is most important thing how to back up or recovery cost with hospitality when get illness, right now we pay highest cost for our healthy and many important person priority with their healthy insurance. But not all people have good financial for monthly paying for insurance, I think many kinds of insurance in our life and we must spent much money in monthly to pay insurance but regarding most important is healthy insurance. In my country Indonesian have healthy insurance called BPJS with small payment on monthly regarding level kinds we choose but we must acceptable bad service with this kinds insurance although our payment never delay and keep going on every month.

Better you have specific asking about which one insurance priority regarding in our life have many kinds of insurance with difference function and can't added in one insurance kinds such as

• healthy insurance
• education insurance
• property insurance
• vehicle insurance

[tottong]

It is much more important when people can ensure that tomorrow and the day after tomorrow they have the ability to eat, this is how people who don't have money look at it when they are offered insurance. But when people have more money and have a number of assets, businesses or investments, not joining insurance can actually result in big losses because we never know what will happen in the future and at least if we have insurance there is a return every time we experience a disaster, accident or fire.

Insurance has qualifications and the larger the monthly installments the better the insurance because vehicle, health and business insurance are usually much more expensive monthly costs. However, when choosing insurance you have to be selective because many insurers end up going bankrupt and don't have clarity regarding their customers' money.

[DVlog]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

[ndutndut]

On the one hand, insurance covers the health of you and your family, which saves you a lot of money, and on the other hand, the negative side is that companies take a lot of money.

But having insurance has many positives rather than negatives, the negative problem is as you said, you just need to look for a quality insurance company whose performance has been tested.

Because whether we realize it or not, currently there are still many of us who are skeptical and not aware of the importance of having insurance. even though insurance actually has many benefits that we will experience in the future. As we get older, the needs and responsibilities of life in the future by having insurance become something that we inevitably need to consider to protect against all of this.

We will not know what will happen in our lives, for example something happens to us that makes us lose our job or business, so we are only required to prepare well. So actually, the point of insurance is good for transferring risk or strengthening our financial foundations.

[leonair]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

[Alpha Marine]

And specially I didn't like that money for which I didn't work hard how could be a money for which I didn't even try to work and that will be very free I didn't even like to call its my money.

I often choose that type of money which comes through my strength and in which I worked hard day and night and then got that money I can always call it that is just my money and I have to use it now for my will happily.

Your English makes it difficult for me to understand you well but if what I understand is correct I think you misunderstand what insurance is.

Not like I buy into the whole idea of not wanting free money, but insurance is not free money. You've been paying premiums from time to time to the insurance company.
Premium is the amount of money you agreed to pay to the insurance company when you signed the insurance contract. It is from this premium the insurance company will use to cover what you are insured.

For example, if you have health insurance you pay $1000 yearly and you paid this amount for 20 years. If after 20 years the person gets ill and the cost of the treatment is $15000, the insurance company pays for that treatment from the money you have been saving with them.
That is your hard-earned money that you worked for. So it's not a handoff, it's your sweat.

[DVlog]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

I was talking about reputable insurance companies. Then government officials are also involved in this type of scandal. Some of the companies are owned by people who are loyal to the current government which is why they are still operating throughout the country even after their bad reputation. The problem is corruption, which causes an imbalance between crime and justice. When criminals are not being arrested for their crimes and they can bail out easily multiple times after doing the same crime again then no institution will work properly and the people will get no benefits from them.

[JunaidAzizi]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Insurance is very important or you can say a good method that will help you in your bad events or time when no one is helping you, your insurance company come and will pay all your losses. There are many benefits of insurance and those people who have wealth and want to take care of him will take many benefits from the insurance company. However many people who were not aware or did not have their insurance experienced many losses. Like in your story if the woman did the insurance of her farm then the company would pay her losses but unfortunately, she lost her all wealth.  This insurance is mostly followed by those people who belong to developed countries but those who are from developing did not hear its name and all this because the government did not bring any company or left it for the advertisements.  If we educate people about this and take them to a place where we show them how this insurance will help them Financially when he goes through a hardens they will make the insurance. 

[terrific]

It's your life and health protection. Because we've been working hard all of our days and with the savings and investments that we've made.
When illness and death comes to us, we're leaving this world but our love ones are going to take care for us, burials and etc.
And with those things, they come with a fee. They're not free at all but when you're protected with insurance, it's a big minus and help to them.

In the same context - insurance is important, of course. I have seen so many bitcoin users asking how best to insure their wealth in bitcoin to their heirs if something untoward happen. Obviously this insurance is a type of financial insurance - but however there are many other types of insurance that you can adjust to your needs. It is recommended to consult an expert so that you get the right insurance that you need, such as life, property, financial and health insurance.

If it is about financial protection - then insurance may be one thing to consider. I also agree that good financial planning and having emergency savings are some things that need to be considered too - but of course there are many other things that need to be considered so that unwanted risks can be managed well and possibly minimize them.

Yes, there are different types of insurance and avail the one or two or more and as many as you can for your protection. Not just for your income protection.
But also for the protection of your assets that you have worked hard. This is actually the purpose of most of the insurance, so that when something bad happens, you don't have to spend all of those assets trying to sell so that you'll use that for medication.
And with insurance, it is the one that will give you that money to solve that problem for that policy you have availed.

[Litzki1990]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

[armanda90]

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

In my country insurance is bad company and have two top legal and trusted insurance have been collapse without responsibility for user get their money refund. Actually I am not agree have to protect with all investment assets with insurance and looks healthy insurance is realistic right depend how much cost when we get treatment. All hospital have been connected with many kinds of healthy insurance but the other kinds of insurance look not urgent and focus with healthy insurance only if you have not good financial condition.

I have the same opinion with you many insurance companies become scam and easily run away how much user money without responsibility yet although we are joining with government insurance. In my country have government insurance with saving protect but when collapse they are not refund yet and many of the CEO and staff take much money until under rest.

[umbara ardian]

The importance of insurance is not limited to those with modest assets; even individuals with substantial wealth can benefit from its protection. Insurance can shield them from catastrophic losses, preventing their fortunes from being eroded by unexpected events.

For individuals whose assets serve as their primary source of income, insurance takes on even greater significance. Whether it's protecting a business from potential losses or safeguarding a farmer's crops against natural disasters, insurance acts as a safety net, preventing financial ruin and ensuring the continuity of income generation.

While the need for insurance may vary depending on individual circumstances, its overall value remains undeniable. It provides peace of mind, knowing that one's assets and income are safeguarded against unforeseen risks. Insurance is an investment in financial stability, a hedge against misfortune, and a testament to the human instinct to protect oneself and one's loved ones from the unpredictable nature of life.

[Razmirraz]

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

One of the most important insurances is health insurance. People without health protection or health insurance are at risk of facing high medical care costs, which when faced with this situation can cause the person to experience financial difficulties, get into large debts, or even go bankrupt.
Health insurance offers the important benefit of financial protection by covering health costs. Nobody wants to get sick, but at some point everyone will need medical care. It is necessary to prepare early by insuring part of the money to help reduce anxiety or worry and stress due to illness. Having insurance will offer a sense of security because the costs will be covered by health insurance.

[Strongkored]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.

I am someone who is quite against insurance and considers it a way to waste money without being able to get commensurate benefits other than being profitable for the insurance company.
For health insurance, I am lucky enough to live in a country that provides guaranteed treatment for sick citizens even though they have to go through many procedures, but that's better than having to pay routine insurance costs which also take time to be able to claim it, and in my opinion using the money we have by investing is much better than having insurance because I saw several friends who actually lost a lot of money in insurance because it couldn't be claimed but maybe it would be different in other countries, just seeing what happened to my colleagues made me not consider insurance as important compared to investing.

[slapper]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

Not all insurance companies are honest. We constantly hear of dishonesty and malpractice, right? This shows that humans often put self-interest before ethics. It illustrates the delicate relationship between morality, profit, and survival in business. In many situations, insurance firms have provided support. Doesnt it show the industry's capacity for good?

Many share your concern about insurance's bad-over-good ratio. Is this perception a result of unfavorable media coverage and selective attention? Psychologists call this the negativity bias - focusing on the bad rather than the good. Recognizing this makes insurance provider selection more objective. We must examine, understand, and adapt policies to our needs. This strategy seems more balanced than relying on universal distrust to manage the insurance world.

[AicecreaME]

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

[huu78]

If we are given the opportunity, then we should also make use of it to insure ourselves and the properties we have, the general approach many have towards this is that they believe that those that should to on insurance should be those that have alot of properties assets because they will have the required financial stand to pay in for the service and also benefited from using it, but if there are low level insurance for the average individuals, then we can also go in for them and have ourselves insured together with our belongings.

because this case in lower developing countries is very difficult to implement, because they have low incomes, people only have enough to pay for their living needs, and they are lucky if they still have a little left to save.
I think the economy of a region or country will be improved first, then people will be able to use insurance.

[Litzki1990]

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

In my country insurance is bad company and have two top legal and trusted insurance have been collapse without responsibility for user get their money refund. Actually I am not agree have to protect with all investment assets with insurance and looks healthy insurance is realistic right depend how much cost when we get treatment. All hospital have been connected with many kinds of healthy insurance but the other kinds of insurance look not urgent and focus with healthy insurance only if you have not good financial condition.

I have the same opinion with you many insurance companies become scam and easily run away how much user money without responsibility yet although we are joining with government insurance. In my country have government insurance with saving protect but when collapse they are not refund yet and many of the CEO and staff take much money until under rest.

I think insurance companies are readily available in every country and these insurance companies are at every level from the grass root level. Insurance company representatives spend a lot of time chasing people they can brainwash and insure. There are some countries in Middle East where some class of people are big believers in insurance and they think insurance is a blessing for them. As a child I used to see different people from insurance offices coming to our house to get insurance but since then my family didn't believe in insurance due to which they wasted a lot of time but couldn't get anyone insured from our house. None of my family members have insurance and I will probably never need insurance either.

[wajik-tempe]

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

Some policies are designed to work around certain fiscal limits. Prioritize important coverage like as health and income protection, gradually extending as your financial condition improves. It's a proactive move in ensuring your family's well-being. Seeking advice from insurance professionals or financial consultants can also help you build a plan that meets your needs while remaining within your budget. Remember that the peace of mind that insurance gives frequently surpasses the initial expenditure.

[dunfida]

This depends on where you live. What will be the point of doing insurance if the chance of getting compensation is low? I am talking about the situation in my country where almost more than 45% of insurance claims are rejected and the customer has to go through a long procedure in court to get their money. The corrupt system is not ideal for any institutional entity because the lack of implication of law and order makes it difficult for general people to get the benefits of an institution.

Insurances are mainly company based. So besides getting benefits from them, there are many risks because many unscrupulous traders can use them to create fraud nets.  So for this you need to be alert yourself and warn others and before taking the insurance, do a good research on the insurance whether it is approved by the government or not. And if it is approved by the government, then if it is fraudulent, will the government or the central bank take responsibility for it or not?  After researching everything, decide which insurance company you should insure with

Actually not all people in the world are honest or not all people come to do business with honest intentions. If everyone takes a look at the news about the insurance companies of their respective countries, then you will surely know how much the insurance companies have cheated in your country. You will know about good insurance companies as opposed to insurance companies scams. There are pros and cons to everything, just as you can find good insurance companies, you can find bad insurance companies, but I think there are more bad insurance companies than good insurance companies these days. Due to the large number of comparatively bad insurance companies, we must insure carefully and know well about the company we are going to insure with. Knowing well about the company, if we get the confidence to insure the company, then we can insure the insurance company by considering the category.

Not all insurance companies are honest. We constantly hear of dishonesty and malpractice, right? This shows that humans often put self-interest before ethics. It illustrates the delicate relationship between morality, profit, and survival in business. In many situations, insurance firms have provided support. Doesnt it show the industry's capacity for good?

Many share your concern about insurance's bad-over-good ratio. Is this perception a result of unfavorable media coverage and selective attention? Psychologists call this the negativity bias - focusing on the bad rather than the good. Recognizing this makes insurance provider selection more objective. We must examine, understand, and adapt policies to our needs. This strategy seems more balanced than relying on universal distrust to manage the insurance world.

If you are someone who do have plans on getting some insurance then it would really be that best or suggested that you should really go after with those who do have names or simply have the reputation
and credibility on which you would really be that making yourself that confident that they could last a lifetime or something that you could really be able to make claims whenever things turns out to be shit.
This is the main or real purpose of insurance, yes you might be paying up on something which it cant happen into you but it is really giving out that kind of peace of mind just incase that you would really be that gone
and your family are the ones who would really be able to get some benefit just in case that happens. Same goes when it comes to medication on which it is really that a great help if you do have insurance
and same goes if you do have cars that you do possess.

[iv4n]

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

I can't agree more with you... it's easy and simple to say that insurance is important, but every insurance costs. It's not only about making enough money on our jobs, it's about making more money with our investments, hell even the gambling game BlackJack has insurance when the dealer has an ace. Everything comes down to a simple thing, paying insurance if paycheck/possible profit is low doesn't payoff in the long run.
And as you wrote, not all insurance offers the same services... so not all the situations are covered. There wouldn't be so many insurance companies making money without tricks, that's for sure.

[wmaurik]

because this case in lower developing countries is very difficult to implement, because they have low incomes, people only have enough to pay for their living needs, and they are lucky if they still have a little left to save.
I think the economy of a region or country will be improved first, then people will be able to use insurance.

It will not be easy to implement insurance if the community's economy is still in a bad condition, but that doesn't mean it can't be done by people who really want to get insurance in their country. Because I also see that there are many people who want to have insurance for themselves even though they live in undeveloped or developing countries. So if we examine each individual personally, this is still possible in developing countries even though this is not shared by everyone in that country.

[Iroh]

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

Insurance services is open for everyone. Everyone who can afford it of course. Incidentally, the poor and in some cases, the average family don’t make enough money to afford those services. They barely have enough to live on and are more worried about problems they’re currently facing than unforeseen ones that may pop up later in the future.
Not all insurance companies offer the same service and not all can be said to be reputable. There’re shady companies that would try not to pay righteous claims even after investigations. With everything, including looking for the right insurance company that provides the services we want, we’ve got to do our due diligence.

[Rasa nanas]

Developed countries are more familiar with insurance because the majority of the population has relatively high incomes and can afford to buy goods at high prices and are certainly worth insuring. It is different from developing countries because the majority of the population's income is still relatively low and cannot afford to buy high-priced goods. I know that insurance does not look at the price of the goods insured, but in reality, most only high-priced goods have insurance.

[n0ne]

Developed countries are more familiar with insurance because the majority of the population has relatively high incomes and can afford to buy goods at high prices and are certainly worth insuring. It is different from developing countries because the majority of the population's income is still relatively low and cannot afford to buy high-priced goods. I know that insurance does not look at the price of the goods insured, but in reality, most only high-priced goods have insurance.

These days insurance were at best price compared to the developed nations. Myself being from a third world country find the premium to be paid for family insurance from the best service provider in my country to be a possible amount for middle class people. I've read articles stating people from the first world country unable to pay insurance and gone homeless. Based on the premium we pay it doesn't look like it is that high. Also it isn't mandatory in my country and in my understanding it is a must for every family.

[STT]

I would extend this concept further to money itself.  The assured value overnight of a currency is what makes it widely held and in demand, the highest value to money is its security dynamic.  When a currency becomes unstable through inflation or any kind of instability that undermines its main purpose as security over night and beyond in peoples lives it starts to lose its core value.   Insurance and money have a strong relation in raising the assured nature of a persons livelihood and confidence to purchase, to partake in the economy and value their work within that economy via the money they receive and are able to trade.  Alot of people feel the same about health care plans personal and for a family, strong relation to insurance of course

[knowngunman]

To enter these six insurances, you have to pay a monthly fee as a mandatory requirement because this is what makes some people feel burdened Because not everyone has a fixed income and if they don't have an income then it is impossible to afford the monthly expenses. If people have a good source of income, then insurance is the right choice because it can protect health, education and damages costs when unexpected things happen.

It's not possible for people with average income to get into insurance because it has no meaning and that's why Op emphasize on those making money and have properties that are insurable. You can see that from the part of his post I quoted below. If to register for insurance is free and open for everyone, everybody will rush to register for it but as an average man struggling to feed three square meals, what are you insuring? Some can not even afford the first registration fee not to talk of monthly due. Insurance is only favorable to those who have enough money and properties that are worthy of reasonable amount in order to avoid great lose in case of any disaster or predicament occurring in the future.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

[mirakal]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

It makes a lot of sense to insure our basic needs, especially if we live in a country where there is no protection scheme to provide security for our family. Health insurance should be the first insurance we take out, because we never know what kind of illness we might face in life. Same goes for life insurance, if our family relies heavily on our income that we need to think of the worst case scenario. The problem in my country is that there is insurance for everything and the financial analyst earns a lot of commission for every new contract being signed. It's really hard to find the optimal level of insurance, because the sales people will always try to offer the premium package first. A lot of my friends are to,more than a 100% insured, which costs them a lot every month.

Health is wealth so we should learn to prioritize it and even ensured it in order to prepare ourselves when unpredicted events happen. Just like investments or properties and assets, getting insurance is a must because this will cover the expenses whenever these assets will be put in danger and vanish in the end. But of course, you have to pay the price as well so you can benefit the insurance when it's highly needed.

The problem is people have less or no interest in getting insurance because of the monthly obligation they have to pay most especially for those who are not educated on their chosen investments or assets.

[bitLeap]

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Regarding health insurance, currently where we live there is a government program where everyone can get insurance for free, all costs are borne by the state from the State Revenue and Expenditure Budget. Then there are requirements such as personal data and others to be able to get a health insurance card. This card function is useful when we come to large hospitals especially city hospitals, we only need to show the card and we can immediately get services from the hospital without being charged because each card has a balance so the hospital only needs to match it with the data. This is an option that we can get from government programs that focus on health care.

Does everyone get a health insurance card? Of course not, because this is aimed at the lower middle class. So the benefits have so far  received a positive response from the public.

Whether this health insurance is like in other developing countries or whether the program is not the same depends on each government. In my opinion, every country has a State Revenue and Expenditure Budget, one of which is a special fund for providing public health services.

[bangjoe]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.

I am someone who is quite against insurance and considers it a way to waste money without being able to get commensurate benefits other than being profitable for the insurance company.
For health insurance, I am lucky enough to live in a country that provides guaranteed treatment for sick citizens even though they have to go through many procedures, but that's better than having to pay routine insurance costs which also take time to be able to claim it, and in my opinion using the money we have by investing is much better than having insurance because I saw several friends who actually lost a lot of money in insurance because it couldn't be claimed but maybe it would be different in other countries, just seeing what happened to my colleagues made me not consider insurance as important compared to investing.

I think this happens in many countries and my family also experienced it, he did insurance but when he wanted to use the insurance, it could not be claimed and to this day it cannot be used, even though he has done it for more than three years.

That makes me also doubt about insurance, although in retrospect it can be said to be important, but seeing the fact that many insurance companies have gone bankrupt makes me increasingly hesitant to start insurance for both me and my family, especially since I am still young and do insurance, in my opinion it will only give alms to people who use it first.

Yes, I personally think it's better to use the money to invest rather than depositing it with an institution or company that we don't know what the future will be like.

[Casdinyard]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

I’ve had people in my circle of friends who underestimate, or completely distrust insurances either because they just don’t like the sound of it, or because of how insurance is portrayed in media and pop culture, especially in the US where they say it’s much more likely for you to get fucked in the bunghole than to have your insurance claim approved. In the Philippines even, we get insurance brokers who weaponize other people’s mishaps so they can entice more people which is just poor taste and leaves a massively bad impression on people’s minds.


Personally I want to trust insurances and start making sure that my family and I are prepared. But until the state of things change, I think I’d be okay leaving wads of cash and crypto to my loved-ones if ever things go south.

[harapan]

I have the same opinion with you many insurance companies become scam and easily run away how much user money without responsibility yet although we are joining with government insurance. In my country have government insurance with saving protect but when collapse they are not refund yet and many of the CEO and staff take much money until under rest.

That is why insurance companies have to be very regulated. Every financial institution should be heavily regulated. They can only disappear with customer's funds because there is no proper system. They should have a certain amount stored with the regulatory bodies. That money would be used to setting customers in case the company folds.
To me, insurance is an integral part of the economy. When there's no insurance a lot of things that can be avoided happen.
We can't trust people to be good people, so a system will exist to monitor everything including insurance fraud and other forms of fraud.

[bhadz]

In my country, this is the common thought about any type of insurance.
"I'm still strong, why I need one?"
"I'm young why do I need to avail?"
"I'm far from dying"
You know these common thoughts of every countryment that we have and I am one of them but that's before. I've changed my mind as I get older and I started to understand things like this and have seen people and family struggled because they have never come prepared for their death.

[icalical]

~

It's not possible for people with average income to get into insurance because it has no meaning and that's why Op emphasize on those making money and have properties that are insurable. You can see that from the part of his post I quoted below. If to register for insurance is free and open for everyone, everybody will rush to register for it but as an average man struggling to feed three square meals, what are you insuring? Some can not even afford the first registration fee not to talk of monthly due. Insurance is only favorable to those who have enough money and properties that are worthy of reasonable amount in order to avoid great lose in case of any disaster or predicament occurring in the future.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Definitely, if someone can not even fulfill their basic needs, they won't even think about insurance. But then I think health facility is a basic right that should be provided by governments. I didn't mean that Government's should provide free healthcare, but Government should provide an insurance system that are affordable to all economic class.

[angrybirdy]

In my country, this is the common thought about any type of insurance.
"I'm still strong, why I need one?"
"I'm young why do I need to avail?"
"I'm far from dying"
You know these common thoughts of every countryment that we have and I am one of them but that's before. I've changed my mind as I get older and I started to understand things like this and have seen people and family struggled because they have never come prepared for their death.

Typical mindset of people ages 40's-50's in our country, I mostly heard that kind of statement if someone's offer them to get an insurance, maybe people have a valid reason why they doesn't want to have one policy, Either they cannot afford the monthly payment of they don't believe that insurance will work for them. Today, there's a circulating issue in social media about insurances, they claimed that those Financial advisor didn't explained well to them the benefits and limitations of the insurance they bought and the post indicated that it was one of the things that gave them more problems because they expected to be able to use the insurance but in the end they didn't because there were things that the financial advisors didn't explain properly. Seems like they doing their job just to get a client and hit the qouta without giving a proper explanation to their customers.

[Dave1]

~

It's not possible for people with average income to get into insurance because it has no meaning and that's why Op emphasize on those making money and have properties that are insurable. You can see that from the part of his post I quoted below. If to register for insurance is free and open for everyone, everybody will rush to register for it but as an average man struggling to feed three square meals, what are you insuring? Some can not even afford the first registration fee not to talk of monthly due. Insurance is only favorable to those who have enough money and properties that are worthy of reasonable amount in order to avoid great lose in case of any disaster or predicament occurring in the future.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Definitely, if someone can not even fulfill their basic needs, they won't even think about insurance. But then I think health facility is a basic right that should be provided by governments. I didn't mean that Government's should provide free healthcare, but Government should provide an insurance system that are affordable to all economic class.

Yes and as much as we wanted to get insurance, people are reluctant, or shall we shall that it's not their priority as they have other needs besides getting it.

Of course, as much as we need it, others can't really afford it. Even educational insurance for our kids should be the first one in our mind, but nevertheless parents might be thinking of just paying the tuition fee in whichever way they can.

So it's hard world we life in, and if we are just a middle income family, gonna be hard for us to think about insurance, just saying.

[bestcoins1]

That is why insurance companies have to be very regulated. Every financial institution should be heavily regulated. They can only disappear with customer's funds because there is no proper system. They should have a certain amount stored with the regulatory bodies. That money would be used to setting customers in case the company folds.

The insurance must also be registered in its own country and must be recognized by the government so that it can be considered legal by the people in that country, because the people also do not want to be associated with the wrong insurance company or an illegal insurance party that is not recognized by their own country. And currently I see that there are still many people who don't have insurance in several sectors that other people may consider important, but they can still live as usual and that's okay.

To me, insurance is an integral part of the economy. When there's no insurance a lot of things that can be avoided happen.
We can't trust people to be good people, so a system will exist to monitor everything including insurance fraud and other forms of fraud.

In fact, there are several things that require insurance, such as health and accident insurance as well as private vehicles which are still considered luxury, so that when we face things that we don't want, it can make it a little easier to solve them. But if it is for work that is less important and ordinary sectors in life, I don't think there is a need to apply insurance excessively because if we make more insurance it won't be very comfortable and the cost of making it will also be in vain.

[Litzki1990]

If you are someone who do have plans on getting some insurance then it would really be that best or suggested that you should really go after with those who do have names or simply have the reputation
and credibility on which you would really be that making yourself that confident that they could last a lifetime or something that you could really be able to make claims whenever things turns out to be shit.
This is the main or real purpose of insurance, yes you might be paying up on something which it cant happen into you but it is really giving out that kind of peace of mind just incase that you would really be that gone
and your family are the ones who would really be able to get some benefit just in case that happens. Same goes when it comes to medication on which it is really that a great help if you do have insurance
and same goes if you do have cars that you do possess.

If the insurance companies actually did what they promised then people would not need to request so much to get insurance but people would get insurance of their own free will. If a member of the insurance agency says that if you get sick after taking the insurance, then the medical expenses will be paid from this company, but is it possible to do so in reality? When a patient goes to the insurance company to pay the hospital bill after getting sick, they will make various excuses and refuse to pay the hospital insurance. So far I have not needed insurance in my life and hope never to need insurance in future.

[EarnOnVictor]

I have the same opinion with you many insurance companies become scam and easily run away how much user money without responsibility yet although we are joining with government insurance. In my country have government insurance with saving protect but when collapse they are not refund yet and many of the CEO and staff take much money until under rest.

That is why insurance companies have to be very regulated. Every financial institution should be heavily regulated. They can only disappear with customer's funds because there is no proper system. They should have a certain amount stored with the regulatory bodies. That money would be used to setting customers in case the company folds.
To me, insurance is an integral part of the economy. When there's no insurance a lot of things that can be avoided happen.
We can't trust people to be good people, so a system will exist to monitor everything including insurance fraud and other forms of fraud.

This is a very good point, you are one of the scarce people here like me who see the light in regulation, I hardly see them here. To many, they believe that everything should just be left to be done anyhow as people like. I wonder how people could be that daft in this criminal and selfish world. If you do not make people or companies accountable, you will be surprised at what they will be doing, people just want to make that money and possible scam if care is not taken. Specifically about insurance, a lot of people have their bitter experiences, this is why insurance is not so encouraging to me. Fine, it has its good side, but that is when something bad happens, and you can only enjoy the service if you opt for the right insurance as well. And what @armanda90 is talking about often happens in developing and underdeveloped countries where the governments are not so responsible themselves.

They are just doing things anyhow, and bribery and corruption are the other of the day there as well. This is why you see companies springing up like mushrooms in those countries unchallenged. Many of these companies might not even be duly registered not to talk of regulation. They are in for the money and must have colluded with the government official saddled with the responsibility of questioning them. This indeed happens and I cannot even trust my own country in this regard. But for more exposure and technological advancements, it doesn't take long before people start calling such companies out and forcing the government to be accountable. It's however best to choose your insurance wisely, and it starts from researching them, their capitalization, when they started, good stories about them, their regulation and so on. Just run for your money if they are short of this, this also will be so easy in my country where insurance is only mandatory for cars.

[cozytrade]

Insurance is very important for everyone. Car, home, business and medical each have different types of insurance. You can insure everything from your medical to your assets. Unfortunately if your property is ever damaged in any way then you can definitely get help from insurance. And if everything goes well for you, insurance won't help. But I think it is very important to have different types of insurance for different assets for security of your assets. But I think, among all insurances, health insurance should be compulsory for all. So that people do not suffer from deficiencies in treatment in their old age

[Hamphser]

In my country, this is the common thought about any type of insurance.
"I'm still strong, why I need one?"
"I'm young why do I need to avail?"
"I'm far from dying"
You know these common thoughts of every countryment that we have and I am one of them but that's before. I've changed my mind as I get older and I started to understand things like this and have seen people and family struggled because they have never come prepared for their death.

Common lines for those people who arent mindful about the hassle they would give on the time that they would be dead. For those families who do have that financial capacity then it wont really be an issue
but i've known some of my wealth friends which they do really take those life insurance plans despite of those financial status on which they arent really just that minding about those death insurances but also in other aspect as well knowing that there are insurances now that offers investment plans or education plans or something like that and if you are really just that wise then you would really be definitely be considering these
options for you to take on which we know that this life hasnt no guaranteed.

It would be better to be safe than sorry or simply having those back ups because we dont know on when hardship or hurdles do come up into our lives.
So its better to come prepared rather than on making regrets just because you havent been able to do so.

[bhadz]

In my country, this is the common thought about any type of insurance.
"I'm still strong, why I need one?"
"I'm young why do I need to avail?"
"I'm far from dying"
You know these common thoughts of every countryment that we have and I am one of them but that's before. I've changed my mind as I get older and I started to understand things like this and have seen people and family struggled because they have never come prepared for their death.

Typical mindset of people ages 40's-50's in our country, I mostly heard that kind of statement if someone's offer them to get an insurance, maybe people have a valid reason why they doesn't want to have one policy, Either they cannot afford the monthly payment of they don't believe that insurance will work for them. Today, there's a circulating issue in social media about insurances, they claimed that those Financial advisor didn't explained well to them the benefits and limitations of the insurance they bought and the post indicated that it was one of the things that gave them more problems because they expected to be able to use the insurance but in the end they didn't because there were things that the financial advisors didn't explain properly. Seems like they doing their job just to get a client and hit the qouta without giving a proper explanation to their customers.

I don't understand before why there's a need with these insurances. But when life's becoming clearer to me and as I grow older, the importance is there. There are cheap insurances from our local banks that many don't know, they just need to ask the clerk or the teller for more info. These banks are way better to buy these insurances than of those companies that are random. There is no doubt that some insurance companies have been there for so long but, I'll choose the bank for this because they have term insurance while the other companies are fooling people around with investment+insurance offers.

[JoyMarsha]

Insurance means to secure lives and property against a future occurrence of uncertain events. When we speak of Insurance, the first thing that comes to our mind is life insurance, health, education, car, and all. Insurance has helped a lot of people, in terms of health and securing properties. Most people die because they can't afford hospital bills, unemployment is at a high rate because parents can't pay their ward's tuition fees, and transporters go broke because of the accident crisis. A lot of people believe that insurance is only for the rich. No, insurance is for everyone. What is good for the geese, is also good for the gander. Get insured and say no to an untimely death, financial crisis, and unemployment.

[TopT3ns]

Insurance means to secure lives and property against a future occurrence of uncertain events. When we speak of Insurance, the first thing that comes to our mind is life insurance, health, education, car, and all. Insurance has helped a lot of people, in terms of health and securing properties. Most people die because they can't afford hospital bills, unemployment is at a high rate because parents can't pay their ward's tuition fees, and transporters go broke because of the accident crisis. A lot of people believe that insurance is only for the rich. No, insurance is for everyone. What is good for the geese, is also good for the gander. Get insured and say no to an untimely death, financial crisis, and unemployment.

Sometimes some insurance is difficult to claim or make withdrawals, and the most important thing is that you must always pay insurance on time so that you don't get arrears. Imagine when you are sick and can't get money; it will be difficult to make the payment. Even though insurance is a good thing, you must still consider it carefully, and of course, you must be prepared for the payments that are always billed every month.

[STT]

Generally Im a capitalist but the whole idea of insurance for being sick but also being lost if you should lose a job while ill in some way seems like a catch 22 situation.   Perhaps its not quite that simple as an example in its failure but something along those lines is often what occurs along the way.
  People when healthy dont greatly need the insurance as much though its the easiest time to acquire the coverage, when they are ill its too late and they are then unable.  Its a bad setup and of course the counter argument is plan better, union cover and schemes perhaps and so on but its very easy to see why people do fall through the gaps; does it really benefit society to have that system.  I'd argue we are all more connected then that, the last pandemic surely showed that demonstrated this more then any time in a hundred years;  your health is partly reliant on others and its just true of society, an economy the nation in general.

Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

The alternative there is to include in the company accounts the cost of replacement.  Some businesses do this with a yearly depreciation, perhaps costing in 10% per year set aside to replace the cost of certain vehicles etc.   If there is no insurance then the company has to be ready to replace everything as a possibility, thats not too far outside normal practice but not everyone keeps proper accounts.  I believe it saves some tax to account for future losses and replacement in that way hence I say its fairly common method at some level perhaps.

[passwordnow]

Insurance means to secure lives and property against a future occurrence of uncertain events. When we speak of Insurance, the first thing that comes to our mind is life insurance, health, education, car, and all. Insurance has helped a lot of people, in terms of health and securing properties.

Yes, it covers a lot of things and our assets can also be protected but of course that it comes with the obligation and depending on how cover the insurance companies are offering it.

Most people die because they can't afford hospital bills, unemployment is at a high rate because parents can't pay their ward's tuition fees, and transporters go broke because of the accident crisis. A lot of people believe that insurance is only for the rich. No, insurance is for everyone. What is good for the geese, is also good for the gander. Get insured and say no to an untimely death, financial crisis, and unemployment.

Being broke is what making most people die. Not having to afford hospital bills, monthly bills, food, shelter etc. And having insurance will help you at least to get onto those unforeseen events of your life. So, if you ever get one insurance, make sure that you're thinking of it as if something is protecting you.

But in some cases, life insurances have been the cost of many dirty tactics of people and even willing to sacrifice the life of the insured people because of the money that they're insured with.

[bitterguy28]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I completely relate on this , My Uncle use to have a small Grocery store couple of years ago  and my father keep telling Him to seek for Insurance at least in reputable one to maintain His business safeties but instead of complying , he denied the advise saying that this s just an added expenses.
not when the Fire enters the business and burn down not just the product but His building as well , and yes after that fire his life is ruined and find nothing to start a business again , this teaches us everyone in family that always have an insurance not even in business and in employment , to be insured is to be secured.

[rodskee]

There are different types of insurance and they work in different ways. However, insurances often work in times of danger. So insurance is very important for us. But there are many who don't like it.  But in reality insurance is very beneficial
. Life Insurance
. Health Insurance
. Investment Insurance

I think the importance of these three is very high. These reduce our financial risk a lot. And bad times will support us a lot. So I think everyone should take the services of these insurances

actually you forgot other insurance like

 - Car Insurance

 - business Insurance

but you are correct that those are the most important as  the 3 stands for our life.

this is also how we will be saved in the future as we knew that not everytime
will favor our plans in life.

[Manny@11111]

Insurance is very good when you have assets to protect I know many people always get put off by the fees they pay on weekly/monthly or yearly basis depending on negotiations. You might think you don't need it but nobody knows tomorrow. I always encourage people to insure their properties even life.

A friend of mine bought a Toyota Corolla and always complain of paying comprehensive insurance on it that it's been 4yrs now is been paying and nothing has happened to his car but kept on encouraging him that he should continue because no one knows tomorrow but this year went ahead to pay 3rd party insurance and this same year burglars entered their street and ransacked all Corollas in the area taking away everything that matters like brain box, battery etc that cost him 170k to fix back.

Insurance is very good as you might not know when it will save the day and if it doesn't you will you have covered your arses Incase of eventuality

[Fuso.hp]

If insurance is considered important it is important but if insurance is not considered important then it is nothing and there is no need for insurance. Insurance is not as safe as banks. If one has a lot to think about in one's life and if one has a lot of plans for the future then a deposit account can be made in a good quality bank which can be withdrawn by a user only when required. 

Earlier in our country to be a biker I had to have bike insurance but now the government has done away with bike insurance that means now a biker doesn't need to have insurance to ride a bike. I consider the insurance companies in our country as unnecessary companies, they cheat people more but are of no use in people's danger.

[carlfebz2]

Insurance is very good when you have assets to protect I know many people always get put off by the fees they pay on weekly/monthly or yearly basis depending on negotiations. You might think you don't need it but nobody knows tomorrow. I always encourage people to insure their properties even life.

A friend of mine bought a Toyota Corolla and always complain of paying comprehensive insurance on it that it's been 4yrs now is been paying and nothing has happened to his car but kept on encouraging him that he should continue because no one knows tomorrow but this year went ahead to pay 3rd party insurance and this same year burglars entered their street and ransacked all Corollas in the area taking away everything that matters like brain box, battery etc that cost him 170k to fix back.

Insurance is very good as you might not know when it will save the day and if it doesn't you will you have covered your arses Incase of eventuality

Even if you dont have  that tons of assets but it would be still recommended that you should be getting health/life insurances as well. Come in mind that you would really be only paying up only a small amount if we do base up on month to month basis but payments could really be that having some options whether monthly or would be quarterly or annually. It do really give out that great feeling if we do speak about
confidence and having that feeling of security on whatever that might happen ahead. There's no assurance into this life on which accidents and problems could really happen
and dont make out those regrets that you should have get some insurance.

Although we arent wishing for those miserable situations but just like been said that we dont know on what would happen tomorrow. If you do have tons of money
but still those rich people would really be making advantage when it comes to insurance yet it would be having that less expense if ever accidents or incidents happen.

[Xcode7]

If insurance is considered important it is important but if insurance is not considered important then it is nothing and there is no need for insurance. Insurance is not as safe as banks. If one has a lot to think about in one's life and if one has a lot of plans for the future then a deposit account can be made in a good quality bank which can be withdrawn by a user only when required. 

Earlier in our country to be a biker I had to have bike insurance but now the government has done away with bike insurance that means now a biker doesn't need to have insurance to ride a bike. I consider the insurance companies in our country as unnecessary companies, they cheat people more but are of no use in people's danger.

There are some insurance companies that act fraudulently but not all of them are like that and basically insurance is important to guarantee our future but everyone has a different view because there are also some people who are more confident in themselves in managing their finances for the future they face without needing to use insurance.

And personally, I don't really like insurance of any kind, be it health, education or anything else, and I think it's better to prepare for all the unexpected things by preparing it yourself.

[leonair]

There are different types of insurance and they work in different ways. However, insurances often work in times of danger. So insurance is very important for us. But there are many who don't like it.  But in reality insurance is very beneficial
. Life Insurance
. Health Insurance
. Investment Insurance

I think the importance of these three is very high. These reduce our financial risk a lot. And bad times will support us a lot. So I think everyone should take the services of these insurances

actually you forgot other insurance like

 - Car Insurance

 - business Insurance

but you are correct that those are the most important as  the 3 stands for our life.

this is also how we will be saved in the future as we knew that not everytime
will favor our plans in life.

Although car insurance is not that important I agree with you that business insurance is definitely an important thing because a business has to invest huge amount of money so having an insurance is very important to keep it running.  A car is not very valuable and it doesn't usually have major problems although there is a fear of an accident but it is not very important.  But it will not be bad if one keeps doing it. But business insurance must be carried by everyone who has a business

[bestcoins1]

Although car insurance is not that important I agree with you that business insurance is definitely an important thing because a business has to invest huge amount of money so having an insurance is very important to keep it running.  A car is not very valuable and it doesn't usually have major problems although there is a fear of an accident but it is not very important.  But it will not be bad if one keeps doing it. But business insurance must be carried by everyone who has a business

It all depends on the type, for example an ordinary car that is no longer categorized as luxury, of course you don't need to take care of insurance for it even though it is used every day. However, if the car is in the luxury category and there are production limits, it would certainly be better if the car was insured, the same goes for the type of business that we manage ourselves. If the business is just an ordinary business with a fairly small capital size, of course it doesn't have to be insured either, but if the business is large and has many branches, I think insurance is necessary to make it easier for us to deal with accidents that we don't want.

[benalexis12]

In this era, there are many types of insurance. We have health insurance, auto insurance, disability assurance, renter insurance, life insurance, travel insurance, and gadget insurance. These are just a few that we have in this era.

But there are many other types of insurance that I have not mentioned. But most people, especially the poor ones, do not pay much attention because they prioritize doing the important things for their respective families.

[ndutndut]

If insurance is considered important it is important but if insurance is not considered important then it is nothing and there is no need for insurance. Insurance is not as safe as banks. If one has a lot to think about in one's life and if one has a lot of plans for the future then a deposit account can be made in a good quality bank which can be withdrawn by a user only when required. 

Earlier in our country to be a biker I had to have bike insurance but now the government has done away with bike insurance that means now a biker doesn't need to have insurance to ride a bike. I consider the insurance companies in our country as unnecessary companies, they cheat people more but are of no use in people's danger.

Insurance sells fear to the public. However, "health insurance" is mandatory. It's better to use health insurance and save an emergency fund.

Because there are two experiences from my neighbors that make me conclude that vehicle insurance does not help us, but only drains our money, namely:
1. When my neighbor bought a car, insurance was mandatory. And when there is a problem, filing a claim is a difficult process. He said in 3 months the insurance would be down and the car would be fine. But for 2 years there was no news. If asked, the answer is mbulet, even though every month you still have to pay insurance.

2. My neighbor got a call from Asuransu. My neighbor replied that he was not interested in taking out insurance. But marketing continues to speak at high speed. It's been a long time. Then he asked if my neighbor understood? Feeling annoyed, the neighbor answered yes, my neighbor understood but was not interested in taking out insurance. After 2 months, my balance was automatically debited. My neighbor was shocked, because he never agreed, never provided documents, never TTD, never provided an account number, but how come his balance in that account was taken. Arranging the closing is also complicated, sorry. He has been to the office several times, but the process has not been completed until now.

So my conclusion is, insurance only wants our money, not wanting to help us.

[harapan]

Insurance is important,insurance is safety,its like taking your meds to avoid further health breakdown.If something bad happens to your job,your business will assist you to stand on your feet's again.Life is filled with ups and downs,and no one wants to be caught in such wrecking situations and it leaves you with no idea on how to tackle the problem,but with insurance,you're initially secured.There are no two ways about it;it just a tool to enhance economic and financial progress.
  Insurance is the right thing to do as it provides a safety net to many opportunities and financial challenges.

[Fortify]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Insurance can be important for your most valuable assets like a house or car, in fact it is often mandatory either by law or by agreement with a mortgage provider. However sometimes people get unnecessary insurance for things like older phones, where they may end up paying much more than necessary and would be better off putting that cash into their own account because they could probably pay for a phone after a year or two of such contributions. Other insurance can actually be so expensive it is not worth the cost and may waste a lot of money, like medical insurance while you're young or job insurance that will pay out a certain amount if you lose your job in certain ways.

[tread93]

This is good advice to buy life insurance and have quality health insurance for your family. Don't listen to the salesman on the whole life policy just go with term insurance. Also health insurance can be expensive just make sure you shop around! In addition to all of these I would recommend AAA lol also probably would recommend a Trust for your family so that your wealth can transfer to your kids tax free

[sekalitas]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Thank you for sharing the importance of insurance. I agree that getting health insurance is crucial, as unexpected health issues can arise at any time, and covering them financially can be difficult. However, it's essential to research insurance options carefully before committing. Some agents might prioritize sales over understanding your specific needs, and certain companies might have complex claim procedures. By researching beforehand, you'll be better equipped to choose a plan that aligns with your needs and provides a smooth claims experience when needed.

[Uhwuchukwu53]

Insurance is very important mostly here where there is many unforseen circumstances of kidnapped, fire out break without fire service, etc just that our people here have poor knowledge about insurance in some nation even before the development of some asset or investment one, most carry out the insurance process to secure it against future danger. Why I see insurance as necessary things no matter your geographical location is that , it's for unforseen circumstances it can occurred any time any where mostly once it's private asset. People failure of not insuring is strictly on knowledge and education on the value and important if insurance.

[blckhawk]

This is good advice to buy life insurance and have quality health insurance for your family. Don't listen to the salesman on the whole life policy just go with term insurance. Also health insurance can be expensive just make sure you shop around! In addition to all of these I would recommend AAA lol also probably would recommend a Trust for your family so that your wealth can transfer to your kids tax free

Make sure that when you're putting money in there, you're not going to be tight on money or you lack the budget all the time just to pay all the bills, the best time to do an additional insurance besides your social security is when you've got so much surplus money monthly even after you've spent a whole lot on luxurious stuff, you can also make the sign that you've got enough that you can still travel and still have some money left but if you really do want to have that insurance even if there's not a lot of surplus money, you might want to fix your spending habits and learn to budget and follow it strictly.

[barisbilgili]

This is good advice to buy life insurance and have quality health insurance for your family. Don't listen to the salesman on the whole life policy just go with term insurance. Also health insurance can be expensive just make sure you shop around! In addition to all of these I would recommend AAA lol also probably would recommend a Trust for your family so that your wealth can transfer to your kids tax free

Make sure that when you're putting money in there, you're not going to be tight on money or you lack the budget all the time just to pay all the bills, the best time to do an additional insurance besides your social security is when you've got so much surplus money monthly even after you've spent a whole lot on luxurious stuff, you can also make the sign that you've got enough that you can still travel and still have some money left but if you really do want to have that insurance even if there's not a lot of surplus money, you might want to fix your spending habits and learn to budget and follow it strictly.

This should be the case, paying insurance bills should not be at the expense of something and what is happening nowadays is mostly like that, all the people who choose insurance are those who have a lot of money.
However, this thinking should be changed, insurance is very important for the future against unexpected things, especially health insurance and education insurance, so we should now look for more money to be able to pay for insurance for a more secure future.

[YUriy1991]

Insurance is important,insurance is safety,its like taking your meds to avoid further health breakdown.If something bad happens to your job,your business will assist you to stand on your feet's again.Life is filled with ups and downs,and no one wants to be caught in such wrecking situations and it leaves you with no idea on how to tackle the problem,but with insurance,you're initially secured.There are no two ways about it;it just a tool to enhance economic and financial progress.
  Insurance is the right thing to do as it provides a safety net to many opportunities and financial challenges.

I agree, but it also requires additional premium costs when we enter and join them and of course it will also add additional costs that need to be prepared even though on the one hand there are big benefits that can be used at any time if needed, in this case the main thing is health and others. For middle economic people, I think joining is still minimal because they still have and take the opportunities that the government provides.

[radjie]

If insurance is considered important it is important but if insurance is not considered important then it is nothing and there is no need for insurance. Insurance is not as safe as banks. If one has a lot to think about in one's life and if one has a lot of plans for the future then a deposit account can be made in a good quality bank which can be withdrawn by a user only when required. 

Earlier in our country to be a biker I had to have bike insurance but now the government has done away with bike insurance that means now a biker doesn't need to have insurance to ride a bike. I consider the insurance companies in our country as unnecessary companies, they cheat people more but are of no use in people's danger.

There are some insurance companies that act fraudulently but not all of them are like that and basically insurance is important to guarantee our future but everyone has a different view because there are also some people who are more confident in themselves in managing their finances for the future they face without needing to use insurance.

And personally, I don't really like insurance of any kind, be it health, education or anything else, and I think it's better to prepare for all the unexpected things by preparing it yourself.

For the lower middle class, they certainly don't attach importance to insurance, even though they realize that insurance is important for the future, but the monthly costs that must be paid are an obstacle for most middle class people.  Apart from that, when it is really needed, there are several types of insurance which are quite difficult and make the middle class feel discouraged from participating in the related insurance program.  For business people or entrepreneurs, insurance is of course a must so that their assets can be protected. For the lower middle class, of course there are still many who object to the costs involved.

[Bobrox]

In our life, have many kinds of insurance and actually paying all kinds insurance seems we don't have enough money indeed have stable financial or not. Generally has two kinds of insurance before separating in several kinds

Loss Insurance
In this insurance has several kinds from motor Vehicle Insurance, Property Insurance, Personal Accident Insurance, Credit Insurance, Money and Property Insurance.

Life insurance
In this kinds insurance has three categories from Term Life Insurance (Term Life Insurance), Whole Life Insurance and Unit Link Insurance

Actually need to see which one insurance priority and get more benefit for our life without has to spending much money but not earn benefit yet, I think healthy and loss insurance exactly with our motor vehicle insurance is most priority than have to recovery payment for all kinds of insurance.

[edy_58]

Make sure that when you're putting money in there, you're not going to be tight on money or you lack the budget all the time just to pay all the bills, the best time to do an additional insurance besides your social security is when you've got so much surplus money monthly even after you've spent a whole lot on luxurious stuff, you can also make the sign that you've got enough that you can still travel and still have some money left but if you really do want to have that insurance even if there's not a lot of surplus money, you might want to fix your spending habits and learn to budget and follow it strictly.

This should be the case, paying insurance bills should not be at the expense of something and what is happening nowadays is mostly like that, all the people who choose insurance are those who have a lot of money.
However, this thinking should be changed, insurance is very important for the future against unexpected things, especially health insurance and education insurance, so we should now look for more money to be able to pay for insurance for a more secure future.

Yes, those who choose to use insurance are of course those who have enough money to pay the insurance bill and they will be able to pay it for the guarantee that they will get when one day they need and can claim the insurance.
By having insurance, we will be able to meet needs that we cannot foresee, such as what you mentioned, health insurance and education. To be able to enjoy this insurance, we must be able to pay the contributions that have been given to the insurance holder so that we can enjoy it when we need this insurance.

[Linggajanitra]

Insurance is basically an agreement between the insurance party and the customer. In insurance, the guarantor provides coverage or replacement if something happens to the insured or his property in accordance with the agreement previously agreed upon. In short, the insurance company will provide a replacement to the customer if something unexpected happens.
There are several important objectives in insurance. The first can protect life and protect assets. When there is a risk such as being hospitalized, it is not uncommon for life and assets to be victims. Therefore insurance can protect the lives and assets owned by their customers. So the customer does not need to treat assets because insurance has bear the cost. Secondly, it can provide financial protection and long -term security. Many people still think that insurance cannot be used now, but the fact that insurance aims to protect financial in the long run, so customers do not need to worry because our finances will be safe. And the third, can reduce the impact of losses due to unexpected events, especially in terms of financial. Insurance can minimize sudden impacts. For example, customers who die, the heirs of the customer will get the sum insured as a provision for the next life.
Behind the insurance objectives above, there are also some benefits of insurance. First, financial protection. Natural disasters, accidents and others require a lot of funds. Therefore insurance provides benefits in the form of financial protection so that customers will still be able to meet their needs. Secondly, health protection. Having insurance means that customers have the opportunity to get good quality medical access to carry out outpatient care and even hospitalization. Third, insurance can provide life protection, insurance is also beneficial for customers who have the status of a life fighter. The heirs will get access in the form of assistance or the benefits of death from insurance that has been paid by the customer before he died. Fourth, education insurance. High education costs are always increasing to make parents worry. And the solution they can open insurance to provide educational plans for their children. And finally, insurance can be preparation for retirees. Insurance provides benefits in the form of preparation of pension funds so that the needs of old age will be fulfilled.

[ThePromise]

Make sure that when you're putting money in there, you're not going to be tight on money or you lack the budget all the time just to pay all the bills, the best time to do an additional insurance besides your social security is when you've got so much surplus money monthly even after you've spent a whole lot on luxurious stuff, you can also make the sign that you've got enough that you can still travel and still have some money left but if you really do want to have that insurance even if there's not a lot of surplus money, you might want to fix your spending habits and learn to budget and follow it strictly.

This should be the case, paying insurance bills should not be at the expense of something and what is happening nowadays is mostly like that, all the people who choose insurance are those who have a lot of money.
However, this thinking should be changed, insurance is very important for the future against unexpected things, especially health insurance and education insurance, so we should now look for more money to be able to pay for insurance for a more secure future.

Yes, those who choose to use insurance are of course those who have enough money to pay the insurance bill and they will be able to pay it for the guarantee that they will get when one day they need and can claim the insurance.
By having insurance, we will be able to meet needs that we cannot foresee, such as what you mentioned, health insurance and education. To be able to enjoy this insurance, we must be able to pay the contributions that have been given to the insurance holder so that we can enjoy it when we need this insurance.

I agree, it's better to plan well before you get an insurance because we know that we will pay for it depends on the terms of payment that we want, it's better to have a dedicated money to pay for it because in reality, so many people don't take insurance because they think it's just an extra fee and cost, because if you look at it, even if they have a stable jobs, Their salaries are still lacking in their daily spending, especially now that inflation is still in the country. It's a good idea to have an insurance in case of emergency, but not everyone can afford to get it and that's the reality. Even if financial advisors say that they only need to pay a low amount, but if they list and add it to their budget, they will be short.

[dunfida]

Make sure that when you're putting money in there, you're not going to be tight on money or you lack the budget all the time just to pay all the bills, the best time to do an additional insurance besides your social security is when you've got so much surplus money monthly even after you've spent a whole lot on luxurious stuff, you can also make the sign that you've got enough that you can still travel and still have some money left but if you really do want to have that insurance even if there's not a lot of surplus money, you might want to fix your spending habits and learn to budget and follow it strictly.

This should be the case, paying insurance bills should not be at the expense of something and what is happening nowadays is mostly like that, all the people who choose insurance are those who have a lot of money.
However, this thinking should be changed, insurance is very important for the future against unexpected things, especially health insurance and education insurance, so we should now look for more money to be able to pay for insurance for a more secure future.

Yes, those who choose to use insurance are of course those who have enough money to pay the insurance bill and they will be able to pay it for the guarantee that they will get when one day they need and can claim the insurance.
By having insurance, we will be able to meet needs that we cannot foresee, such as what you mentioned, health insurance and education. To be able to enjoy this insurance, we must be able to pay the contributions that have been given to the insurance holder so that we can enjoy it when we need this insurance.

I agree, it's better to plan well before you get an insurance because we know that we will pay for it depends on the terms of payment that we want, it's better to have a dedicated money to pay for it because in reality, so many people don't take insurance because they think it's just an extra fee and cost, because if you look at it, even if they have a stable jobs, Their salaries are still lacking in their daily spending, especially now that inflation is still in the country. It's a good idea to have an insurance in case of emergency, but not everyone can afford to get it and that's the reality. Even if financial advisors say that they only need to pay a low amount, but if they list and add it to their budget, they will be short.

The insurances on which i do really make focus on;

1. Health insurance
2. Car insurance

When it comes to health then this is something which is unpredictable. We dont know on what comes next and this is why if you are the families bread winner or provider
then it would really be that best that you should really be putting up focus that much when it comes to insurances so that on whatever things that would happen on you
then your family wont really be able to suffer when it comes to financial aspects on which we know that this is always been the main problem.

This is why if you do see that so those things to be useless then better think not. Dont wait for some disaster before you would really be getting one.
There's no way on knowing on what would happen in tomorrow so better make yourself that secure.

[junder]

Insurance is important,insurance is safety,its like taking your meds to avoid further health breakdown.If something bad happens to your job,your business will assist you to stand on your feet's again.Life is filled with ups and downs,and no one wants to be caught in such wrecking situations and it leaves you with no idea on how to tackle the problem,but with insurance,you're initially secured.There are no two ways about it;it just a tool to enhance economic and financial progress.
  Insurance is the right thing to do as it provides a safety net to many opportunities and financial challenges.

I agree with you, of course in life there are times when we experience ups and downs. When we already have a profitable and promising business, it doesn't mean that we have reached a calm point, but there are times when risks can occur, whether it is business bankruptcy or we ourselves experience a disaster, such as an accident or falling ill. Of course, to be able to overcome this, we cannot do it alone because basically everyone needs each other. It's true what you said, insurance is important for life and insurance is not only for finances. there are also other insurances.

However, not everyone understands insurance, because there are many types of insurance. However, this is important because it is useful for protecting all the assets you have, including yourself and your family, from future financial risks. Unfortunately, many people do not understand the benefits of insurance, especially health insurance, critical illness insurance and life insurance.
One of the advantages or benefits of insurance in my opinion is that when a risk occurs, such as going to hospital, it is not uncommon for lives and assets to become victims. Insurance can protect the life and assets owned by customers when this happens. and we don't need to sacrifice assets because the insurance company has covered the costs of this incident. However, there may also be some people who think that insurance is not important, so this is an individual decision.

[wmaurik]

I agree, it's better to plan well before you get an insurance because we know that we will pay for it depends on the terms of payment that we want, it's better to have a dedicated money to pay for it because in reality, so many people don't take insurance because they think it's just an extra fee and cost, because if you look at it, even if they have a stable jobs, Their salaries are still lacking in their daily spending, especially now that inflation is still in the country. It's a good idea to have an insurance in case of emergency, but not everyone can afford to get it and that's the reality. Even if financial advisors say that they only need to pay a low amount, but if they list and add it to their budget, they will be short.

Planning must always be there in any condition for any job in life and when conditions start to become difficult due to inflation which has not yet reduced, of course adding new things such as insurance is actually not necessary if we ourselves have realized that we will not be able to pay for it according to the requirements. So there is no need for insurance to erase temporary difficulties if currently there are still many other options such as looking for additional income through new, unusual jobs. I think that is much better than overdoing insurance and not increasing our income in life.

[terrific]

Planning must always be there in any condition for any job in life and when conditions start to become difficult due to inflation which has not yet reduced, of course adding new things such as insurance is actually not necessary if we ourselves have realized that we will not be able to pay for it according to the requirements. So there is no need for insurance to erase temporary difficulties if currently there are still many other options such as looking for additional income through new, unusual jobs. I think that is much better than overdoing insurance and not increasing our income in life.

Actually the more older we get, the more we need it and we realize it overtime. It may not be actually needed and necessary when we're younger.
But as we grow older, we are looking for protection that are going to protect not just our wealth but also the financial situation of our loved ones.
That's the purpose of insurance and even if you want to have an additional income but when you're older, your actions are limited so as the opportunities.

[MissNonFall9]

 Insurance is the transfer of certain risks. That is, to assign the burden of loss corresponding to life and property to another in exchange for a premium. So it is understood that insurance is a shield to get rid of uncertain losses.
So the definition shows the importance of insurance in life. Suppose you are a cloth merchant and all the clothes or goods of your business are in your godown. Now due to an accident, your godown caught fire and all the goods got burnt or destroyed. Now suppose you have insurance on the said business then what if you get compensation for all your fair losses.
And if not insured you will be sitting on the road.
So now think about how important insurance is to you.

[WatChe]

Actually the more older we get, the more we need it and we realize it overtime. It may not be actually needed and necessary when we're younger.
But as we grow older, we are looking for protection that are going to protect not just our wealth but also the financial situation of our loved ones.
That's the purpose of insurance and even if you want to have an additional income but when you're older, your actions are limited so as the opportunities.

Insurance is must for people who don't have an accidental financial cover like government employees. If a government employee dies then his family got compensation but that's not the case with ordinary person, his family has to bear financial expenses on its own. Insurance are handy for family in case of accidental death or injury. These days there different types of insurances available and one need to be careful while choosing the insurance policy that is best for him.

[bbigtart]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Health insurance is very important. Because we never know when we will get sick and how much it will cost. My neighbor's experience in early 2019 was that his child did not have insurance but suddenly had a serious digestive infection. Even though food was always carefully guarded, I still didn't expect to contract an infection like that. Suddenly I had to spend >$2000 because I didn't expect to have to be hospitalized for more than two weeks.

The savings accumulated and put into investments suddenly have to be taken out and started from zero again. If you already have insurance, at least you will be ready to allocate a certain amount of funds each year, and if you are hospitalized, someone will cover the costs. Cash flow and investment so there's no need to worry.

[Troytech]

This story of this woman is also relatable to someone that invests in bitcoin or has a major amount in bitcoin and plans to hold for long and has no emergency funds or cash reservations to solve problems or emergencies that could occur, If something immediate and demanding like a health challenge that requires much amount to solve and this person doesn't have any emergency funds to take cash from, he is forced to sell his asset, they is no way he is would put his health over anything.

So it's also good that as investors and holders we should be aware of thigns that can throw us off balance like emergency.

[yohananaomi]

Insurance is must for people who don't have an accidental financial cover like government employees. If a government employee dies then his family got compensation but that's not the case with ordinary person, his family has to bear financial expenses on its own. Insurance are handy for family in case of accidental death or injury. These days there different types of insurances available and one need to be careful while choosing the insurance policy that is best for him.

I really agree with what you say. Maybe government workers are protected by insurance which must be provided, but not for private workers where sometimes only certain insurance is provided. So you really have to provide additional protection so that you don't regret it later, because they don't have insurance that can help with the problems that occur, Especially health insurance, the costs of which continue to increase all the time. If it is not covered by adequate insurance, savings and even assets will be pawned.
However, it is true that there are many insurance programs available with various programs which can sometimes be misleading, so you must always be able to obtain information from insurance users for comparison before making a choice.

[Fortify]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

Insurance is a good idea in many scenarios, sometimes it is legally or contractually mandatory in order to protect certain parties. Take home insurance for example, while you are not legally obliged to get it, you'll often find that most mortgage providers will require you to take it out or they will do it on your behalf, because there is a very expensive asset that needs to be replaced if anything goes wrong. Depending on where you live, it can also be a very cheap price for the peace of mind it buys. However you have to consider your particular circumstances, as the example you give of life insurance is useful if you have a family but is not necessarily required if you are single and your assets can just be liquidated if you were to pass away.

[milewilda]

Insurance is must for people who don't have an accidental financial cover like government employees. If a government employee dies then his family got compensation but that's not the case with ordinary person, his family has to bear financial expenses on its own. Insurance are handy for family in case of accidental death or injury. These days there different types of insurances available and one need to be careful while choosing the insurance policy that is best for him.

I really agree with what you say. Maybe government workers are protected by insurance which must be provided, but not for private workers where sometimes only certain insurance is provided. So you really have to provide additional protection so that you don't regret it later, because they don't have insurance that can help with the problems that occur, Especially health insurance, the costs of which continue to increase all the time. If it is not covered by adequate insurance, savings and even assets will be pawned.
However, it is true that there are many insurance programs available with various programs which can sometimes be misleading, so you must always be able to obtain information from insurance users for comparison before making a choice.

When it comes to private sectors then they would really be usually having those salary deductions which it would be on your monthly contribution which you would be having that payment for health insurances on which its true that its not something enough on time of emergencies but at least it is really that able to help when it comes to the hospital bill at least but its true on what you have said that it wont really be that bad on having those considerations on adding it up if its possible. The only main issue on here when it comes on having that additional insurances deductions is that it is really that getting that huge part of allocation into our monthly salary
and if you are someone who do have that struggle when it comes to budget? For sure you would really be having that least priority.

This is why tons of people do missed out on allocating some insurances due to this shortage on which we do really give out some priorities when it comes to other things like food and rent
on which this what makes it really hard to make these kind of decisions.

[wmaurik]

Actually the more older we get, the more we need it and we realize it overtime. It may not be actually needed and necessary when we're younger.
But as we grow older, we are looking for protection that are going to protect not just our wealth but also the financial situation of our loved ones.
That's the purpose of insurance and even if you want to have an additional income but when you're older, your actions are limited so as the opportunities.

Your advice is not bad for this, but for now I am also very aware of this so I have also made a plan to one day create insurance that can protect my wealth and also protect the financial situation of the people around me. I'm like in my family. However, for now it seems like I don't need this because I am still very capable of working and earning additional income so I am trying to postpone that plan for now and save it well to use again when I really need it.

[bitzizzix]

In my opinion, insurance is very important in a sustainable life and also when we are no longer in this world, but it must be supported by our income so that we can pay at the specified time. And the most appropriate time to have insurance is when we are still healthy and have a supportive and stable income, and if we consider insurance to be very important and if the income does not support it then we must have additional income.
Insurance is like an umbrella that we buy before it rains, an umbrella will be very useful when the rain comes. And the same as the purpose of insurance, when conditions occur that stop income, such as critical illness, accident, disability or death, that is where the role of insurance is really needed. However, the majority of people do not have insurance because of limited income which does not support them so they do not have insurance, even though they know that the purpose and function of insurance is very important.

[Sarah_Jannat42]

Insurance is an important thing for every person but many people are very indifferent about insurance. Insurance i.e. transfer of risk, We transfer the risk of certain matters to the insurer in return for a fixed premium. There are various types of insurance available such as life insurance, health insurance, education insurance, product insurance, etc. So we transfer the risk of all these issues to the insurance company in return for a monthly premium. If there is any loss of all these insured items then we get the insurance compensation and if there is no loss then we get the saving of that premium later. And if the insurance is not taken, then if the loss occurs, the entire loss is ours.

[Boy_chef]

Insurance is important as it offers protection against unforeseen circumstances. Most preferable health insurance is extremely important. I have worked for a few years in the hospital and I have seen even the rich ones develop illnesses that even they themselves can foot the bills at that particular time. Some people even take loans to pay hospital bills in order to save a life. I would advise couples starting a family to always have a health insurance because a lot of unplanned events can occur in the future

[Taskford]

Actually the more older we get, the more we need it and we realize it overtime. It may not be actually needed and necessary when we're younger.
But as we grow older, we are looking for protection that are going to protect not just our wealth but also the financial situation of our loved ones.
That's the purpose of insurance and even if you want to have an additional income but when you're older, your actions are limited so as the opportunities.

Your advice is not bad for this, but for now I am also very aware of this so I have also made a plan to one day create insurance that can protect my wealth and also protect the financial situation of the people around me. I'm like in my family. However, for now it seems like I don't need this because I am still very capable of working and earning additional income so I am trying to postpone that plan for now and save it well to use again when I really need it.

While we are strong and capable to do everything we like then there's instances that we can really think that there's no need for us to have an insurance since we are young and just think about we are wasting our money for that.

But once there's something bad happen to you while doing your daily task outside or even at your workplace then you don't have enough savings to pay your hospital bills for sure you provably would regret that you didn't get these insurance. At current condition where to many unsure things we can experience in life its better to have insurance so that we are fully prepared for the worse and some resource for our hospitalization.

[tsaroz]

Actually the more older we get, the more we need it and we realize it overtime. It may not be actually needed and necessary when we're younger.
But as we grow older, we are looking for protection that are going to protect not just our wealth but also the financial situation of our loved ones.
That's the purpose of insurance and even if you want to have an additional income but when you're older, your actions are limited so as the opportunities.

Your advice is not bad for this, but for now I am also very aware of this so I have also made a plan to one day create insurance that can protect my wealth and also protect the financial situation of the people around me. I'm like in my family. However, for now it seems like I don't need this because I am still very capable of working and earning additional income so I am trying to postpone that plan for now and save it well to use again when I really need it.

While we are strong and capable to do everything we like then there's instances that we can really think that there's no need for us to have an insurance since we are young and just think about we are wasting our money for that.

But once there's something bad happen to you while doing your daily task outside or even at your workplace then you don't have enough savings to pay your hospital bills for sure you provably would regret that you didn't get these insurance. At current condition where to many unsure things we can experience in life its better to have insurance so that we are fully prepared for the worse and some resource for our hospitalization.

Life insurance is not as good at least where I live. My employer has a compulsory life insurance subscribed for me and that's the only one in my family. Many agents do approach us for a life insurance but I have forbade every of my family member to take one. This all agent thing and the large commission they are paid turns it into a scam type business and the x2 return on early death is not so promising as there are better investment options.
I have a third party insurance for my vehicle which again is a compulsion, I would have not taken it if possible.
Health insurance is what I'm interested in and this is where it's difficult to get a balanced option. My parents are getting older and there are no good options that provide overall health insurance for them. There's one government option that is too bureaucratic that the hassle to get your bills paid are much greater than the bill itself.

[DanWalker]

Actually the more older we get, the more we need it and we realize it overtime. It may not be actually needed and necessary when we're younger.
But as we grow older, we are looking for protection that are going to protect not just our wealth but also the financial situation of our loved ones.
That's the purpose of insurance and even if you want to have an additional income but when you're older, your actions are limited so as the opportunities.

Your advice is not bad for this, but for now I am also very aware of this so I have also made a plan to one day create insurance that can protect my wealth and also protect the financial situation of the people around me. I'm like in my family. However, for now it seems like I don't need this because I am still very capable of working and earning additional income so I am trying to postpone that plan for now and save it well to use again when I really need it.

While we are strong and capable to do everything we like then there's instances that we can really think that there's no need for us to have an insurance since we are young and just think about we are wasting our money for that.

But once there's something bad happen to you while doing your daily task outside or even at your workplace then you don't have enough savings to pay your hospital bills for sure you provably would regret that you didn't get these insurance. At current condition where to many unsure things we can experience in life its better to have insurance so that we are fully prepared for the worse and some resource for our hospitalization.

Life insurance is not as good at least where I live. My employer has a compulsory life insurance subscribed for me and that's the only one in my family. Many agents do approach us for a life insurance but I have forbade every of my family member to take one. This all agent thing and the large commission they are paid turns it into a scam type business and the x2 return on early death is not so promising as there are better investment options.
I have a third party insurance for my vehicle which again is a compulsion, I would have not taken it if possible.
Health insurance is what I'm interested in and this is where it's difficult to get a balanced option. My parents are getting older and there are no good options that provide overall health insurance for them. There's one government option that is too bureaucratic that the hassle to get your bills paid are much greater than the bill itself.

Many people have misconceptions about life insurance. Life insurance, in addition to bringing us commissions when we get old, insurance companies will connect with a number of private hospitals with high-quality services. This means that when you have an accident or incident and are treated at those high-end hospitals, life insurance will pay part of your hospital fees. This is something that state health insurance cannot do. Health insurance is only used in state hospitals and the quality of state hospitals cannot be better than the quality of private hospitals. Frankly speaking, life insurance is a good thing but many people don't like it because their income cannot meet it.

[Gormicsta]

Of course, insurance is important because it protects us from financial loss such as debts, but having insurance will give you peace of mind whether you are with a company or an individual because you will not have to spend much money on any damages or losses.
Also, in addition to business insurance, we have health insurance, which we call free medical, which is paid for by the government, so all we have to do is go for check-ups and treatment as needed, and we don't have to pay for it unless it's absolutely essential.

[bettercrypto]

Insurance has a lot of benefits, and some of them if you have the money to avail it can really help our loved ones just in case something unexpected happens to us.

And some of them can provide financial protection, also provide maintaining standard of living, also provide investment opportunity and savings plan. Now, I will also provide some source links for the insurance benefits thing.

Insurance Benefits:

- https://paytm.com/blog/insurance/what-is-insurance-definition-benefits-and-types/

- https://www.investopedia.com/5-top-benefits-of-life-insurance-5105062

- https://www.grangeinsurance.com/tips/what-is-insurance-why-is-it-important

[Sorryfor]

Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.

[stomachgrowls]

Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.

Why people do skip out on getting insurances?
They would really be thinking up

1. They wont really be needing it as if they wont be totally easily get sick, having accidents, having no plans of investment, totally healthy
2. Expensive
3. Too busy for them to pile on

You would really be able to see its relevance on the time that you would really be having those kind of problems specially if  this one involves
huge amount of money then you would really be trying to seek these insurances and having those regrets that you should have
allocate some budget to have one. Well, regrets is always at the end. 

[BD Technical]

Insurance is either a security of your life or a security of your family in case something happens to you or your business in case something happens, you get some money from insurance as your backup or money in case you get unemployment later on.  can use  But if you have life insurance, you can spend your money if you have anything else, you can book with your family.  And if you are a business of your business or.  What kind of insurance does the trader provide for any loss in your business or 10 actually depends on your nature.  If you have unwittingly had a lot of trouble with that insurance, you will get your money from there if it comes to ten.  Insurance Takash is important for every person because having insurance is a guarantee of life and a security of life.

[wmaurik]

Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.

In fact, people in rural areas do not not believe in insurance and the parties in it, but some people still find it difficult to take care of it so they prefer not to have it from now on. Moreover, people in villages that are far from urban areas do not often involve themselves and their assets with riskier matters, so they do not consider things like insurance to be important. In fact, if only they had a better understanding of this, of course they would also make insurance for themselves and all their assets without hesitation against the elements in it.

[Youngkhngdiddy]

Insurance is either a security of your life or a security of your family in case something happens to you or your business in case something happens, you get some money from insurance as your backup or money in case you get unemployment later on.  can use  But if you have life insurance, you can spend your money if you have anything else, you can book with your family.  And if you are a business of your business or.  What kind of insurance does the trader provide for any loss in your business or 10 actually depends on your nature.  If you have unwittingly had a lot of trouble with that insurance, you will get your money from there if it comes to ten.  Insurance Takash is important for every person because having insurance is a guarantee of life and a security of life.

   Insurance promotes financial stability by preventing a sudden and overwhelming financial burden in the face of unexpected circumstances. This stability is crucial for individuals and businesses to continue their operations and maintain their standard of living. Knowing that you are protected by insurance provides peace of mind. Whether it's health, life, property, or any other type of coverage, insurance alleviates the stress and anxiety associated with potential financial losses. insurance is a crucial component of financial planning, offering protection, stability, and peace of mind.
   Insurance is important because for a small price you can leverage a large number of peoples’s premiums to protect your interests. For example, if you were financially independent, with a large number of liquid or income producing assets, you may not need life insurance because if you die, you have managed your assets such that they will protect your family. That is unless you are using a life insurance policy as a transfer of wealth instrument, then that is a totally different story, and an answer for a different question.

[poodle63]

In fact, people in rural areas do not not believe in insurance and the parties in it, but some people still find it difficult to take care of it so they prefer not to have it from now on. Moreover, people in villages that are far from urban areas do not often involve themselves and their assets with riskier matters, so they do not consider things like insurance to be important. In fact, if only they had a better understanding of this, of course they would also make insurance for themselves and all their assets without hesitation against the elements in it.

probably because they've heard some horror or scary story about insurance where someone are paying consistently and whenever they got hit by some disaster that actually should be covered by the insurance they outright get refused we all know there exists such review from various youtube videos even if you see at the gmaps of these insurance building on the review section there are many bad reviews.
well can't blame them, sometime some insurance company are just like that, but if we can find the right insurance for us, the one that have proven by ourselves to be reliable it can be really a life saving.
i've found one my self and I think it just make my life more secured if im being honest, definitely anyone that tries to secure their financial from any potential of loss due to maybe sudden ilness or whatever problem they gonna encounter in which are covered by insurance they should use the service.
i guess its just my opinion and it kinda give relief to face sudden problem but there are reasons why majority of people are choosing to be insured these days.

[Litzki1990]

Insurance is either a security of your life or a security of your family in case something happens to you or your business in case something happens, you get some money from insurance as your backup or money in case you get unemployment later on.  can use  But if you have life insurance, you can spend your money if you have anything else, you can book with your family.  And if you are a business of your business or.  What kind of insurance does the trader provide for any loss in your business or 10 actually depends on your nature.  If you have unwittingly had a lot of trouble with that insurance, you will get your money from there if it comes to ten.  Insurance Takash is important for every person because having insurance is a guarantee of life and a security of life.

Only insurance will provide security to our life but not like that, apart from insurance there are many other methods for financial security. Those who are conscious people definitely spend that money on future planning without taking insurance. Of course there are certain conditions to be insured, there are some insurance schemes where the money cannot be withdrawn until you die. If you can't use your money to live with your needs, then that money is worthless. If we have to worry about security alone, we can save some money that we will not use unless absolutely necessary. Earlier we may not have known so much but now everything has become easy for us now we don't need insurance to keep money. The amount of people who used to insure and the amount of insurance companies that existed, but now people do not insure that amount and many insurance companies have closed down.

[Ricardo11]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

[Smartvirus]

Why people do skip out on getting insurances?
They would really be thinking up

1. They wont really be needing it as if they wont be totally easily get sick, having accidents, having no plans of investment, totally healthy

I think this is about the only reason most persons that don’t have any insurance on them have got and probably those that are completely ignorant on how the insurance business actually works.

People in actual wants there insured business or policy to always okay out and have it value manifested but, they just don’t give room to the eventuality of the business. Maybe it doesn’t occur in the agreed time according to policy but, there is always room for an extension and it helps in your business survival and whatever is been insured.
It saves cost and prepares you for any eventuality without excuses.

While it might be a necessity in the developed world, the developing and underdeveloped have got little room for it but, it’s just about time though. They will get there one day and probably the low income status of most of its populace plays a role to that.

[Hamphser]

Why people do skip out on getting insurances?
They would really be thinking up

1. They wont really be needing it as if they wont be totally easily get sick, having accidents, having no plans of investment, totally healthy

I think this is about the only reason most persons that don’t have any insurance on them have got and probably those that are completely ignorant on how the insurance business actually works.

People in actual wants there insured business or policy to always okay out and have it value manifested but, they just don’t give room to the eventuality of the business. Maybe it doesn’t occur in the agreed time according to policy but, there is always room for an extension and it helps in your business survival and whatever is been insured.
It saves cost and prepares you for any eventuality without excuses.

While it might be a necessity in the developed world, the developing and underdeveloped have got little room for it but, it’s just about time though. They will get there one day and probably the low income status of most of its populace plays a role to that.

On the time that they would really be able to find themselves into those tough and difficult situations, then this is the only time that they would really be thinking that it is really that important.
We do know that there's no such thing about assurance when it comes to health and accidents on which it could really be possibly be able to happen in our lifetime. Yeah its good to see yourself to be fit
and having no history of accidents for long time but for me i wont really be that too confident about that because in daily living there would really be always those chance or odds that it could happen.
Dont find yourself into a tough situation not unless if you are rich and could pay up cash whatever condition or situation you might be into, then it would be just that fine but if you do find
yourself having those shortage or really just that enough funds then this one would really be that relevant.

[boyptc]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

Insurance is protection.

Protection to our assets, to the things and possessions that we've worked hard. And that's why if you love your family, you're going to get insurance and no matter how wealthy you are, if you think that it's worth it to have it, definitely you'll get one, two or more insurance policies.

Whilst for the poor and don't have that much wealth, this is the best protection that they can have. Many treats it as an investment and some people still get the wrong idea about insurances. We all will die someday and it's up to you on what legacy you'll leave your family.

[AmoreJaz]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

Insurance is protection.

Protection to our assets, to the things and possessions that we've worked hard. And that's why if you love your family, you're going to get insurance and no matter how wealthy you are, if you think that it's worth it to have it, definitely you'll get one, two or more insurance policies.

Whilst for the poor and don't have that much wealth, this is the best protection that they can have. Many treats it as an investment and some people still get the wrong idea about insurances. We all will die someday and it's up to you on what legacy you'll leave your family.

For most people, they can't afford to buy any type of insurance, reason being, they can't even put food on their table. This is why it is understandable that some people are hesitant to get one because of financial constraints. Whereas, those few who can really afford just like the OP's story have their qualms to get insurance because they are too confident, they don't need one. Well, some people don't want to foresee worst possible scenarios that may come because they feel it won't happen to them.

[dunfida]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

Insurance is protection.

Protection to our assets, to the things and possessions that we've worked hard. And that's why if you love your family, you're going to get insurance and no matter how wealthy you are, if you think that it's worth it to have it, definitely you'll get one, two or more insurance policies.

Whilst for the poor and don't have that much wealth, this is the best protection that they can have. Many treats it as an investment and some people still get the wrong idea about insurances. We all will die someday and it's up to you on what legacy you'll leave your family.

For most people, they can't afford to buy any type of insurance, reason being, they can't even put food on their table. This is why it is understandable that some people are hesitant to get one because of financial constraints. Whereas, those few who can really afford just like the OP's story have their qualms to get insurance because they are too confident, they don't need one. Well, some people don't want to foresee worst possible scenarios that may come because they feel it won't happen to them.

This is the sad reality on which due to that lack of financial capacity then we are really that having a hard time even with our daily needs or that good that we do need on everyday living
on which having these insurances wont really be put up in prioritization on which it would really be that understandable. We shouldnt really be judging them that they are irresponsible just because
they dont have that insurances on which we know that not all would really be that living in a life on which having that money to spare or budget on having insurances.
Lets just be grateful that we are living in a life that have that financial capacity at least and able to get those insurances but if you dont have then you would really be just
needing to deal up with it.

[angrybirdy]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

Insurance is protection.

Protection to our assets, to the things and possessions that we've worked hard. And that's why if you love your family, you're going to get insurance and no matter how wealthy you are, if you think that it's worth it to have it, definitely you'll get one, two or more insurance policies.

Whilst for the poor and don't have that much wealth, this is the best protection that they can have. Many treats it as an investment and some people still get the wrong idea about insurances. We all will die someday and it's up to you on what legacy you'll leave your family.

For most people, they can't afford to buy any type of insurance, reason being, they can't even put food on their table. This is why it is understandable that some people are hesitant to get one because of financial constraints. Whereas, those few who can really afford just like the OP's story have their qualms to get insurance because they are too confident, they don't need one. Well, some people don't want to foresee worst possible scenarios that may come because they feel it won't happen to them.

This is the sad reality on which due to that lack of financial capacity then we are really that having a hard time even with our daily needs or that good that we do need on everyday living
on which having these insurances wont really be put up in prioritization on which it would really be that understandable. We shouldnt really be judging them that they are irresponsible just because
they dont have that insurances on which we know that not all would really be that living in a life on which having that money to spare or budget on having insurances.
Lets just be grateful that we are living in a life that have that financial capacity at least and able to get those insurances but if you dont have then you would really be just
needing to deal up with it.

Having an insurance should be a top priority but it's common to have none in those people who lives in 3rd country due to poverty and lack of financial stability. I think that people don't like that they don't have the common needs in life, It's just that, they will focus more on the budget for food and important bills even if they no longer have insurance, but who doesn't want to have insurances right? It's just sad because there are countries that don't have a system like the one in Canada and the US where all the taxes paid by the citizens are used and they feel

[boyptc]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

Insurance is protection.

Protection to our assets, to the things and possessions that we've worked hard. And that's why if you love your family, you're going to get insurance and no matter how wealthy you are, if you think that it's worth it to have it, definitely you'll get one, two or more insurance policies.

Whilst for the poor and don't have that much wealth, this is the best protection that they can have. Many treats it as an investment and some people still get the wrong idea about insurances. We all will die someday and it's up to you on what legacy you'll leave your family.

For most people, they can't afford to buy any type of insurance, reason being, they can't even put food on their table. This is why it is understandable that some people are hesitant to get one because of financial constraints. Whereas, those few who can really afford just like the OP's story have their qualms to get insurance because they are too confident, they don't need one. Well, some people don't want to foresee worst possible scenarios that may come because they feel it won't happen to them.

That's true and it's a real situation that's being dealt by many. It's easier to work for the food that we shall put in the table than to buy an insurance.

This varies to the situation of living and I think poorest of the poor, can't really avail these insurances. But if you're a working person and a family guy, at least allocate to the best that you can for your income's protection and assets too.

We don't want to foresee what may happen in the future but it's the reality that everyone has to go through.

[slapper]

Why people do skip out on getting insurances?
They would really be thinking up

1. They wont really be needing it as if they wont be totally easily get sick, having accidents, having no plans of investment, totally healthy

I think this is about the only reason most persons that don’t have any insurance on them have got and probably those that are completely ignorant on how the insurance business actually works.

People in actual wants there insured business or policy to always okay out and have it value manifested but, they just don’t give room to the eventuality of the business. Maybe it doesn’t occur in the agreed time according to policy but, there is always room for an extension and it helps in your business survival and whatever is been insured.
It saves cost and prepares you for any eventuality without excuses.

While it might be a necessity in the developed world, the developing and underdeveloped have got little room for it but, it’s just about time though. They will get there one day and probably the low income status of most of its populace plays a role to that.

Insurance misunderstandings go beyond ignorance. Lack of education and awareness, period. People must realise that insurance is a safety net, not a luxury. The question is when, not if. The developed-world luxury argument? Outdated. All require protection from the unexpected

It takes more than paying a premium and hoping for the best. A partnership, mutual agreement. You're investing in your future, not just throwing money away. That developing regions can't afford insurance? Priorities and value matter, not income. Change the narrative and make insurance understandable to everyone. It's time to handle it as a team effort

[Bloodseekers]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

Because we don't know when we will be in danger, it is very important to have insurance that can guarantee us when something happens and we can get funds from this insurance to be able to recover from the situation we are experiencing. It's true that of course we have to have health insurance because we don't know when we will get sick and we may not have the funds when we experience health problems and by having insurance we will still be able to work hard to get cured with the funds we have insured.

[Fatunad]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

Insurance is protection.

Protection to our assets, to the things and possessions that we've worked hard. And that's why if you love your family, you're going to get insurance and no matter how wealthy you are, if you think that it's worth it to have it, definitely you'll get one, two or more insurance policies.

Whilst for the poor and don't have that much wealth, this is the best protection that they can have. Many treats it as an investment and some people still get the wrong idea about insurances. We all will die someday and it's up to you on what legacy you'll leave your family.

For most people, they can't afford to buy any type of insurance, reason being, they can't even put food on their table. This is why it is understandable that some people are hesitant to get one because of financial constraints. Whereas, those few who can really afford just like the OP's story have their qualms to get insurance because they are too confident, they don't need one. Well, some people don't want to foresee worst possible scenarios that may come because they feel it won't happen to them.

That's true and it's a real situation that's being dealt by many. It's easier to work for the food that we shall put in the table than to buy an insurance.

This varies to the situation of living and I think poorest of the poor, can't really avail these insurances. But if you're a working person and a family guy, at least allocate to the best that you can for your income's protection and assets too.

We don't want to foresee what may happen in the future but it's the reality that everyone has to go through.

This is why they would really be trusting up everything on God above on whatever the things that might happen into them on which they do know that they cant be able to afford on having that insurances
just because they do give out priority on what they could really be able to put up into their table on which it would really be just that a normal that you would really be giving out priority of it
rather than on considering on taking up or getting some insurance on which they do know that neither they could be able to make use of it or not. That would really be on their least priority
on which we know that this is something that they would really be thinking off with.

Just let people do their thing because when it comes to survival then we would really be doing on what we do see which is right. We cant really make ourselves
give out priorities into something which is more important than with food. We do know on what are the basic and main needs on which it would
be normal that we would be focusing into it.

[boyptc]

That's true and it's a real situation that's being dealt by many. It's easier to work for the food that we shall put in the table than to buy an insurance.

This varies to the situation of living and I think poorest of the poor, can't really avail these insurances. But if you're a working person and a family guy, at least allocate to the best that you can for your income's protection and assets too.

We don't want to foresee what may happen in the future but it's the reality that everyone has to go through.

This is why they would really be trusting up everything on God above on whatever the things that might happen into them on which they do know that they cant be able to afford on having that insurances
just because they do give out priority on what they could really be able to put up into their table on which it would really be just that a normal that you would really be giving out priority of it
rather than on considering on taking up or getting some insurance on which they do know that neither they could be able to make use of it or not. That would really be on their least priority
on which we know that this is something that they would really be thinking off with.

Just let people do their thing because when it comes to survival then we would really be doing on what we do see which is right. We cant really make ourselves
give out priorities into something which is more important than with food. We do know on what are the basic and main needs on which it would
be normal that we would be focusing into it.

That's their least priority because they are challenged to bring food to the table but I hope that those families that are in that situation will have a better life in the next few years of their survival.

So that they will get to understand the importance of having an insurance and that also means that they're able to upgrade their lives and are starting to have some relief with their kind of living.

Yes, they will just do their thing and so do we. This is the reality that no one will help you out unless you're able to help yourself out first and have your family helped out first before anything and anyone else.

[Volimack]

We must have insurance. Danger can come anytime, this insurance can help us when we fall into a big problem. I think what we need the most is health insurance. We should definitely take this insurance. If your income is high then you must have insurance. This will save you from major problems.

It is prudent to have an insurance cover for your life. The financial loss caused by the unexpected death of the sole earner in a family can be largely covered by an insurance plan. Rest of the family can use this insurance money to pay off their home loan or other debts or secure the future of the child. Some insurance plans also support long term capital preservation that will provide regular income benefits to meet your retirement needs.

[poodle63]

Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.

insurance are apparently frequently used more in developed country though arguably speaking they have better law that concerns about what the customers should do and what the insurance provider should do, there's a clear line of distinct between what is legal and what is illegal i guess in 3rd world countries it might differ since we know corruption rate is higher there and that also why many are unfaithful against these insurance companies since you know money rule.
but the thing is if at least it could helps us from being cornered into position where we don't have money but we also need to pay emergency bills then I still recommend to get one.
there's nothing wrong with getting one to cover healthcare maybe since it might really helps in the long run.
consequently though it requires proper financial management otherwise it might add burden to the monthly outcome of someone with minimum wages or below.

[puloweh555]

Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.

In fact, insurance is very important for our future, be it health, life, vehicle insurance, etc. It's just that there are still many problems, whether important or not, everyone must understand them. The problem is whether or not an insurance claim is difficult, or how to claim the insurance. Because it is no longer a public secret that insurance claims are complicated, especially after so many years, will the insurance company still exist or not?

This problem often occurs in less developed countries and many insurance companies are fraudsters, both their sales force and their companies. As long as there is no clear law that regulates and protects consumers, taking out insurance is very dangerous, the intention to protect can actually end up being detrimental when a disaster occurs. So it's not surprising that many people still conclude that insurance only wants our money, not wants to help us.

[leonair]

Insurance is very important nowadays. It can play a more important role especially among less developed countries. But nowadays it is seen that due to some unscrupulous people most of the people have great disbelief in this matter. They think it will not bring them any results in future. It is especially prevalent in those who live away from cities. But I think if any insurance is managed by an honest and sincere person and if it benefits people in the future then everyone will start to trust again. So those who are in charge should keep an eye on these things.

Insurance has become a very popular topic nowadays. Because day by day entrepreneurs are increasing and everyone is getting insurance for the security of their business. Because natural calamities and storms cause a lot of damage to both business and life due to many incidents, everyone takes insurance to cover their losses. I also think it is better to have insurance.  Because it is a means of backing up a lot of useful losses in times of trouble

[Texac]

insurance are apparently frequently used more in developed country though arguably speaking they have better law that concerns about what the customers should do and what the insurance provider should do, there's a clear line of distinct between what is legal and what is illegal i guess in 3rd world countries it might differ since we know corruption rate is higher there and that also why many are unfaithful against these insurance companies since you know money rule.
but the thing is if at least it could helps us from being cornered into position where we don't have money but we also need to pay emergency bills then I still recommend to get one.
there's nothing wrong with getting one to cover healthcare maybe since it might really helps in the long run.
consequently though it requires proper financial management otherwise it might add burden to the monthly outcome of someone with minimum wages or below.

In developed country people have a good monthly salary thats why they actually can ignore insurance but when it comes to developing country insurance gives protection from financial loss in their lives. you know everything is uncertain in our lives. if you are a businessman then you can't guarantee that your business will never see any loss. An insurance company provides financial support at that time. In less developed countries, insurance plays a vital role in providing financial support. In less developed countries, businessmen need more financial support at every moment, cause their backbone is not much stronger. you know it also contributes to our economy.

[Hamphser]

insurance are apparently frequently used more in developed country though arguably speaking they have better law that concerns about what the customers should do and what the insurance provider should do, there's a clear line of distinct between what is legal and what is illegal i guess in 3rd world countries it might differ since we know corruption rate is higher there and that also why many are unfaithful against these insurance companies since you know money rule.
but the thing is if at least it could helps us from being cornered into position where we don't have money but we also need to pay emergency bills then I still recommend to get one.
there's nothing wrong with getting one to cover healthcare maybe since it might really helps in the long run.
consequently though it requires proper financial management otherwise it might add burden to the monthly outcome of someone with minimum wages or below.

In developed country people have a good monthly salary thats why they actually can ignore insurance but when it comes to developing country insurance gives protection from financial loss in their lives. you know everything is uncertain in our lives. if you are a businessman then you can't guarantee that your business will never see any loss. An insurance company provides financial support at that time. In less developed countries, insurance plays a vital role in providing financial support. In less developed countries, businessmen need more financial support at every moment, cause their backbone is not much stronger. you know it also contributes to our economy.

You cant really be able to say because i've seen even into those people who are living on first world or someone i do know whose living abroad on which they are really that getting insurances specially into those people who are mindful about when they do gets old then they would really be able to rely with those health care when the time comes because we do know that we cant be able to rely with our children
when they get old on which you and your wife would be the ones who would really be staying up until the very end and this is something that you would be needing to have in mind.

I dont know on where you do get the idea but insurances are really that important and relevant. How much more if you are that someone that could be able to buy or pay up for it?
Who wouldnt really be liking on having some assurance and security that they do have in mind?

[Xxmodded]

Based on limitation financial and have several kinds of insurance, based on your opinion which one most important and prioritize insurance for joining? I have small fund allocated for insurance because get financial have to spent for other needed, any one has ideas about healthy insurance must be prioritize or the other kinds of insurance.
Pay all insurances seems need to spent much money exactly with every months payment can raise more than $500 regarding the insurance cost in my country, but I want to allocate around $100 and based your suggestion which one more urgent insurance have to join or there are not really important yet with insurance/

[lepbagong]

Based on limitation financial and have several kinds of insurance, based on your opinion which one most important and prioritize insurance for joining? I have small fund allocated for insurance because get financial have to spent for other needed, any one has ideas about healthy insurance must be prioritize or the other kinds of insurance.
Pay all insurances seems need to spent much money exactly with every months payment can raise more than $500 regarding the insurance cost in my country, but I want to allocate around $100 and based your suggestion which one more urgent insurance have to join or there are not really important yet with insurance/

Financial limitations will make us have to give a priority scale, which insurance should be a priority., But I tend towards health insurance, because at any time, we will not know our condition and at all times the hospital costs are very, large, and sometimes they can be completely unaffordable, and it will be difficult if we have to be treated.

But if funds are limited, of course, it will be a problem that will be faced, because it will prioritize what is most important. I agree that it is adjusted to the situation and also to the country, because each country has different things to determine, because there are countries that do cover some insurance which we don't need to do anymore.

Paying for all insurance if you can is certainly very good. If not, then it is adjusted to the individual's situation, who knows what insurance situation is a priority and is suitable.

[Winterfrost]

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

the issue with some folks is that they feel they are very smart and can always cut corners whenever they want to. Most even when purchasing a vehicle and they are told to do so would look for ways to avoid insuring it and when accidents finally occured, it downs on them that they've shot themselves on the foot.

The importance of insuring ones property and asset can't be overemphasized, if big companies that have safety personels still ensure that there properties are insured, then its glairingly obvious that we can't escape insuring our property. 

[bakasabo]

People only think about insurance and how good it would be to have it only after something has already happened. People think about car insurance only when they got into accident and repairs cost thousands (while insurance cost hundreds). People think about property insurance only after being flooded or wind destroys their roof for example (while this kind of insurance cost around 100 EUR in my country). People think about traveling insurance when their flight is cancelled or they have lost all the baggage (while such insurance might cost only around 50 EUR). People think about life insurance only after they get into accident and now had to do surgery and numerous doctor visits (while such insurance might from 10 to 1000 EUR).

People, get insurance, it does not cost much. One accident might cost more than all the money spent on annual insurance for years. You never know when problems gets you. Be prepared.

[Fatunad]

People only think about insurance and how good it would be to have it only after something has already happened. People think about car insurance only when they got into accident and repairs cost thousands (while insurance cost hundreds). People think about property insurance only after being flooded or wind destroys their roof for example (while this kind of insurance cost around 100 EUR in my country). People think about traveling insurance when their flight is cancelled or they have lost all the baggage (while such insurance might cost only around 50 EUR). People think about life insurance only after they get into accident and now had to do surgery and numerous doctor visits (while such insurance might from 10 to 1000 EUR).

People, get insurance, it does not cost much. One accident might cost more than all the money spent on annual insurance for years. You never know when problems gets you. Be prepared.

People would really be that confident that there's nothing something that could happen into them and they would really be making out those regrets on the time that they are on such problem.
Well there's nothing they can do about it since things had already been done and happened. They would really be only having those kind of realizations on the time that they should have that insurance
specially if they are someone whose that in short of money. Insurances arent really that too expensive i must say and it is really just that could be paid annually on which it is really a one time payment for every year
on which i would really be that giving out that kind of priority.

No one really knows on what the future lies ahead on which there would really be no assurance that there would really be no accidents that would happen in your lifetime.
Its better to be prepared than sorry or you would really be only that getting one if you have experienced the worst.

[bakasabo]

Insurance saved me from extra large expenses two times already.

Once aircraft operator lost my luggage when I travelled for skiing. If I would have to buy skiing boots and other equipment, plus do it for two persons, on the spot in a Austrian ski village, I would have spend thousands. Instead insurance that cost around 30 EUR per person covered everything.

The other is the case when neighbors washing machine that lives above me had broken (the hose got deattached from the machine) and for whole working day the water flooded through my flat all the flats below me. When the «house maintenance representative» (dont know how to call him correctly, a person who is responsible for keeping up the house) came, he has pointed that I had to change wallpapers in two places and «around 2m2 of laminate. While the whole flat was destroyed and I had to change all the floor and electric wiring (the water was flooding mostly from electric sockets, and the water pressure was so strong, that it has dropped tv). Again, it would cost thousands to repair all that, while I paid only 100 EUR annually for insurance.

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.

[Iroh]

In developed country people have a good monthly salary thats why they actually can ignore insurance but when it comes to developing country insurance gives protection from financial loss in their lives. you know everything is uncertain in our lives. if you are a businessman then you can't guarantee that your business will never see any loss. An insurance company provides financial support at that time. In less developed countries, insurance plays a vital role in providing financial support. In less developed countries, businessmen need more financial support at every moment, cause their backbone is not much stronger. you know it also contributes to our economy.

On the contrary, people who are living in developed countries and also earning a good sum are more likely to have insurance for themselves and their business. They know just how vital insurance is to your health, business and properties and as they can afford it, they’re more likely to pay for it.

While people living in developing with a lower standard of living wouldn’t necessarily have insurance. They may know how important having insurance is but they just can’t afford to part away with the little money they’ve got. The wealthy ones can comfortably afford to have insurance but the average income earner would probably not be able to.

[Gormicsta]

Insurance is important for several reasons. First, it offers financial stability in the event of an unexpected occurrence, such as illness, accident, or death. Second, it can serve to alleviate poverty by providing a layer of protection for people who are unable to work due to illness or injury, as well as promote job creation by encouraging people to take chances and participate in education and business ownership. It will also lower the cost of delivering social services, such as healthcare and education, by sharing the risk among a large number of individuals. Helping people explain the benefits of insurance will be beneficial to everyone.

[Vinaa77]

Based on limitation financial and have several kinds of insurance, based on your opinion which one most important and prioritize insurance for joining? I have small fund allocated for insurance because get financial have to spent for other needed, any one has ideas about healthy insurance must be prioritize or the other kinds of insurance.
Pay all insurances seems need to spent much money exactly with every months payment can raise more than $500 regarding the insurance cost in my country, but I want to allocate around $100 and based your suggestion which one more urgent insurance have to join or there are not really important yet with insurance/

If we really have limitations, of course we have to prioritize health insurance first, as you have said, we also won't be able to withstand other needs. If we have to pay for insurance that we don't really need, of course we won't be able to fulfill it. Regarding insurance costs, we have to choose the type of insurance that we really need and we cannot avoid the need for insurance and in my opinion health insurance is very important for us to have even though others are also necessary, but in my opinion the main thing is to have health insurance.

[lepbagong]

If we really have limitations, of course we have to prioritize health insurance first, as you have said, we also won't be able to withstand other needs. If we have to pay for insurance that we don't really need, of course we won't be able to fulfill it. Regarding insurance costs, we have to choose the type of insurance that we really need and we cannot avoid the need for insurance and in my opinion health insurance is very important for us to have even though others are also necessary, but in my opinion the main thing is to have health insurance.

Because of limitations, we are required to choose what is most important, and I really agree with you that health insurance is the main priority if it is not covered by the state or if we work, but the company does not allocate it. In fact, all insurance is really needed if we have the funds to cover it all, without reducing our daily needs.
If there isn't, then a priority scale must be made and health insurance is very important, because the cost of treatment if you are sick is very expensive, and sometimes you won't be able to pay if you are sick and need treatment.

[wmaurik]

If we really have limitations, of course we have to prioritize health insurance first, as you have said, we also won't be able to withstand other needs. If we have to pay for insurance that we don't really need, of course we won't be able to fulfill it. Regarding insurance costs, we have to choose the type of insurance that we really need and we cannot avoid the need for insurance and in my opinion health insurance is very important for us to have even though others are also necessary, but in my opinion the main thing is to have health insurance.

Costs related to health are not cheap and tend to always be expensive so it is not bad for everyone to prioritize them in life and most people will not mind getting health insurance in any way for themselves and their families too. Because of the many important things that must be considered in life, health must be made the main priority in several important things, so it is very feasible to take out insurance against this. However, at this time I have not considered more insurance except just health insurance.

[doomloop]

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.

It isn't if one has a stable source of income and can afford to save enough money to be able to cover that. So someone who can afford it should never hesitate to get insurance for everything possible because life and things in this world are unpredictable, we never know what might happen in the next moment, so if you have everything insured, you won't be worried much even if there is any sort of problem including your health.

I have seen a lot of people getting in trouble at a lot of occasions and then them being saved by the insurance company, mostly in cases where people have their cars and houses broken for some reason and as you mentioned, without an insurance, one would have to spend thousands of dollars to get all that repaired.

[angrybirdy]

If we really have limitations, of course we have to prioritize health insurance first, as you have said, we also won't be able to withstand other needs. If we have to pay for insurance that we don't really need, of course we won't be able to fulfill it. Regarding insurance costs, we have to choose the type of insurance that we really need and we cannot avoid the need for insurance and in my opinion health insurance is very important for us to have even though others are also necessary, but in my opinion the main thing is to have health insurance.

Costs related to health are not cheap and tend to always be expensive so it is not bad for everyone to prioritize them in life and most people will not mind getting health insurance in any way for themselves and their families too. Because of the many important things that must be considered in life, health must be made the main priority in several important things, so it is very feasible to take out insurance against this. However, at this time I have not considered more insurance except just health insurance.

Among other insurances, Health insurance is indeed a top priority to have because in case of emergency and any circumstances, we have health card that we will use in any hospitalization and medication because we all know how expensive hospital bills nowadays. I agree that having an insurance is a little bit expensive especially if a person's salary is enough for their daily needs only that's why it's important to pick which one is the priority. I hope everyone can add this to their list of their budget because this will help us in the future.

[Lantind]

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.

It isn't if one has a stable source of income and can afford to save enough money to be able to cover that. So someone who can afford it should never hesitate to get insurance for everything possible because life and things in this world are unpredictable, we never know what might happen in the next moment, so if you have everything insured, you won't be worried much even if there is any sort of problem including your health.

I have seen a lot of people getting in trouble at a lot of occasions and then them being saved by the insurance company, mostly in cases where people have their cars and houses broken for some reason and as you mentioned, without an insurance, one would have to spend thousands of dollars to get all that repaired.

That's right, for those who have the ability to cover insurance of course they must have it because we all know that in the life we live we cannot predict when we will need insurance and if we already have and experience the need for which we have been insured. Of course we don't have to think about how to solve this problem because we already have insurance that we have paid for and we just accept that what we have insured is fine.

If they have insurance of course they will not experience difficulties when experiencing these needs as you have mentioned and if we don't have insurance of course we have to think about these needs when we experience problems and also have to spend the money we have to be able to fix them of course. This will make it difficult for us when we don't have the funds we have saved and have to try to make ends meet.

[milewilda]

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.

It isn't if one has a stable source of income and can afford to save enough money to be able to cover that. So someone who can afford it should never hesitate to get insurance for everything possible because life and things in this world are unpredictable, we never know what might happen in the next moment, so if you have everything insured, you won't be worried much even if there is any sort of problem including your health.

I have seen a lot of people getting in trouble at a lot of occasions and then them being saved by the insurance company, mostly in cases where people have their cars and houses broken for some reason and as you mentioned, without an insurance, one would have to spend thousands of dollars to get all that repaired.

That's right, for those who have the ability to cover insurance of course they must have it because we all know that in the life we live we cannot predict when we will need insurance and if we already have and experience the need for which we have been insured. Of course we don't have to think about how to solve this problem because we already have insurance that we have paid for and we just accept that what we have insured is fine.

If they have insurance of course they will not experience difficulties when experiencing these needs as you have mentioned and if we don't have insurance of course we have to think about these needs when we experience problems and also have to spend the money we have to be able to fix them of course. This will make it difficult for us when we don't have the funds we have saved and have to try to make ends meet.

We do wish up for a life on having no huge problems or accidents but we do know that there's no assurance that there's nothing that would happen into you. This is why it would really be best that you should be getting an insurance if you do have the budget because nothing beats out that you do think that you have made yourself insured not only you but also with your family and that what brings out that kind of confidence. We do hope
that there's nothing that could happen but since there's no way that we could be able to know on what would happen tomorrow. It is really just that there are people who dont consider on getting one because of some
possible reasons on which they dont able to afford it and some doesnt really care about insurances.

You would really be able to see its importance  when you are on such condition on which these insurances could really give out that kind of usage on which it would be something helpful
in terms of emergencies specially if you do have that shortage of funds in times or emergencies.

[RockBell]

Insurance saved me from extra large expenses two times already.

Once aircraft operator lost my luggage when I travelled for skiing. If I would have to buy skiing boots and other equipment, plus do it for two persons, on the spot in a Austrian ski village, I would have spend thousands. Instead insurance that cost around 30 EUR per person covered everything.

The other is the case when neighbors washing machine that lives above me had broken (the hose got deattached from the machine) and for whole working day the water flooded through my flat all the flats below me. When the «house maintenance representative» (dont know how to call him correctly, a person who is responsible for keeping up the house) came, he has pointed that I had to change wallpapers in two places and «around 2m2 of laminate. While the whole flat was destroyed and I had to change all the floor and electric wiring (the water was flooding mostly from electric sockets, and the water pressure was so strong, that it has dropped tv). Again, it would cost thousands to repair all that, while I paid only 100 EUR annually for insurance.

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.

Insurance is wonderful, but people are always avoiding insurance deductions, but they forget how important it is to have your belongings covered so that if something happens to your automobile, whether it is an accident or not, it can be fixed or replaced. Based on what you've said, I'm hoping that it will motivate many individuals to insure their belongings. Look at the whole water issued that occurred and the estimate that was give to to fix the house and look at what you ended up paying just hundred EUR annually that money paid now will be used for fixing. And you have really benefited from insurance. Especially in my country people don't take insurance seriously. Is high time we start encouraging people to go into insurance not for anyone but for their own good. Things that the insurance company would have fixed like you said they will want to fix it with there money just because they want to avoid paying money to insurance companies.

[eightdots]

Insurance saved me from extra large expenses two times already.

Once aircraft operator lost my luggage when I travelled for skiing. If I would have to buy skiing boots and other equipment, plus do it for two persons, on the spot in a Austrian ski village, I would have spend thousands. Instead insurance that cost around 30 EUR per person covered everything.

The other is the case when neighbors washing machine that lives above me had broken (the hose got deattached from the machine) and for whole working day the water flooded through my flat all the flats below me. When the «house maintenance representative» (dont know how to call him correctly, a person who is responsible for keeping up the house) came, he has pointed that I had to change wallpapers in two places and «around 2m2 of laminate. While the whole flat was destroyed and I had to change all the floor and electric wiring (the water was flooding mostly from electric sockets, and the water pressure was so strong, that it has dropped tv). Again, it would cost thousands to repair all that, while I paid only 100 EUR annually for insurance.

100 EUR per year isnt a life changing amount, and nearly everyone can afford it. Yet people prefer not to do it, and then spend thousands from their own pocket.

Insurance is wonderful, but people are always avoiding insurance deductions, but they forget how important it is to have your belongings covered so that if something happens to your automobile, whether it is an accident or not, it can be fixed or replaced. Based on what you've said, I'm hoping that it will motivate many individuals to insure their belongings. Look at the whole water issued that occurred and the estimate that was give to to fix the house and look at what you ended up paying just hundred EUR annually that money paid now will be used for fixing. And you have really benefited from insurance. Especially in my country people don't take insurance seriously. Is high time we start encouraging people to go into insurance not for anyone but for their own good. Things that the insurance company would have fixed like you said they will want to fix it with there money just because they want to avoid paying money to insurance companies.

If there is a risk, there should be insurance. In some cases, we don't know whether there will be a risk or not, so there is hesitation about whether insurance is necessary. Insurance is sometimes effective in covering losses that we did not foresee. That is why its benefits are so great.

Insurance costs are not the same in every country, so the number of people who use different types of insurance varies from country to country. In the country I live in, insurance prices are very expensive and very few people insure many things. If these costs were lowered, the number of people taking out insurance could increase.

[Synchronice]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

I completely agree with you, insurance is necessary and I even think that the fact that insurance is mandatory in Europe, is a very good step. For example, we all have car insurance and when there is a car accident, there is no fight between drivers, people shake hands and go on their way.
Every business needs insurance, especially farmers and it doesn't matter if there was a flood in the recent 15 years or not. The fact is, things happen and no one can predict the future. Many farmers, especially in poor countries hesitate to insure their business because insurance requires also lots of money and when years pass and nothing happen, then business owners think that they wasted years of insurance money and it was a bad decision. Insurance has pros and cons, everyone wants insurance when something bad happens but when things go well and there was no need of insurance usage, they hesitate to pay and even regret that decision.

[shinratensei_]

If there is a risk, there should be insurance. In some cases, we don't know whether there will be a risk or not, so there is hesitation about whether insurance is necessary. Insurance is sometimes effective in covering losses that we did not foresee. That is why its benefits are so great.

Insurance costs are not the same in every country, so the number of people who use different types of insurance varies from country to country. In the country I live in, insurance prices are very expensive and very few people insure many things. If these costs were lowered, the number of people taking out insurance could increase.

kinda easy to determine whether insurance is necessary or not by simply judging the risk accompanied of certain activity like for example working in construction it will definitely need an insurance just in case, its the word "just in case" thats always motivate me to find insurance that covers me just to avoid the worst scenario I mean nobody can know when they will face certain disaster having insurance that helps to lift some heavy weight off our mind is definitely helping a lot even though we need to pay some amount of money but as long as its really helpful then its not gonna be a problem.

it will become a problem if the insurance company is shady that they trying so hard to make any disaster we are facing not covered by the insurance by then you better off change your insurance company since they just gonna overcomplicate your future life by being entangled with random shady company like that, choosing a good company is the key too.

[moneystery]

insurance is really very important for someone, just imagine if someone had an accident and he didn't have savings and insurance to cover his medical costs, there certainly wouldn't be a hospital that would accommodate him because he didn't have anything to pay for his treatment and there was no guarantee that he would can pay the bill. and because of this, insurance is very important for a person, so that when he experiences an incident, there is a party who will be able to cover his medical costs.

in my country, the government has created a health system like insurance where each person only needs to pay 3 usd to 10 usd every month and they will get facilities such as insurance which can cover their medical costs when they experience an incident, illness or just a normal health check. it is available nationwide, meaning one only needs to show their health card and they can get the facility at the nearest hospital. it's really very helpful.

[Fatunad]

insurance is really very important for someone, just imagine if someone had an accident and he didn't have savings and insurance to cover his medical costs, there certainly wouldn't be a hospital that would accommodate him because he didn't have anything to pay for his treatment and there was no guarantee that he would can pay the bill. and because of this, insurance is very important for a person, so that when he experiences an incident, there is a party who will be able to cover his medical costs.

in my country, the government has created a health system like insurance where each person only needs to pay 3 usd to 10 usd every month and they will get facilities such as insurance which can cover their medical costs when they experience an incident, illness or just a normal health check. it is available nationwide, meaning one only needs to show their health card and they can get the facility at the nearest hospital. it's really very helpful.

You would really only see its importance on the time that you would really be able to face up some struggle which it would really be that too common on someones behavior on which they would really be making out such actions on the time that they've seen that they are already on such tough condition. You would really see its value and relevance on the time that you dont have anymore money that you could pull out into your pocket
on which you would be having those thoughts that if you do have just some insurance then you wont really be having the problem when it comes to financial assistance or whatsoever.
Insurance is important because we dont know on what would happen in tomorrow on which it would really be just that wise that you should really be minding about security for you and with your family.

[Hamphser]

insurance is really very important for someone, just imagine if someone had an accident and he didn't have savings and insurance to cover his medical costs, there certainly wouldn't be a hospital that would accommodate him because he didn't have anything to pay for his treatment and there was no guarantee that he would can pay the bill. and because of this, insurance is very important for a person, so that when he experiences an incident, there is a party who will be able to cover his medical costs.

in my country, the government has created a health system like insurance where each person only needs to pay 3 usd to 10 usd every month and they will get facilities such as insurance which can cover their medical costs when they experience an incident, illness or just a normal health check. it is available nationwide, meaning one only needs to show their health card and they can get the facility at the nearest hospital. it's really very helpful.

You would really only see its importance on the time that you would really be able to face up some struggle which it would really be that too common on someones behavior on which they would really be making out such actions on the time that they've seen that they are already on such tough condition. You would really see its value and relevance on the time that you dont have anymore money that you could pull out into your pocket
on which you would be having those thoughts that if you do have just some insurance then you wont really be having the problem when it comes to financial assistance or whatsoever.
Insurance is important because we dont know on what would happen in tomorrow on which it would really be just that wise that you should really be minding about security for you and with your family.

Yes, you would really be banging up your head or punching up the wall on why you have missed out on getting some insurance but well its already too late and the accident has been done. You are definitely right
that its really that scary that you arent that been prepared for whatever thing that might happen ahead and we do know that not all the time we do have money or savings for paying up those possible expenses
on which you could really bring up shortage of funds on which same you have said that you would be able to realize its importance when it isnt there.

This is why it would be always best on securing it at least on which you would be able to have that kind of assurance and you could really be able to sleep well at night.

[asrinur]

Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.

[AirtelBuzz]

Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.

Yes, insurance is very important for us and our family. Especially we should all insure for the future. Generally by insurance we mean contract. Legally the contract between two parties is called insurance. There are different types of insurance such as;

1. Life insurance
2. Home insurance
3. Vehicle insurance
4. Life Insurance
5. Fire Insurance
6. Travel insurance
7. Health insurance

Life insurance provides financial security.

[wmaurik]

Among other insurances, Health insurance is indeed a top priority to have because in case of emergency and any circumstances, we have health card that we will use in any hospitalization and medication because we all know how expensive hospital bills nowadays. I agree that having an insurance is a little bit expensive especially if a person's salary is enough for their daily needs only that's why it's important to pick which one is the priority. I hope everyone can add this to their list of their budget because this will help us in the future.

If you want to add several options and insurance to your personal life, I also hope that everyone will add health insurance as their main option. Because at least we can still have the opportunity to do other things when our body can return to health after experiencing an emergency or serious illness that cannot be handled easily by ourselves. This really needs to be realized from the start because when a person has a healthy body, of course it will not be so difficult for him to do more work in his own life.

[Wakate]

insurance is really very important for someone, just imagine if someone had an accident and he didn't have savings and insurance to cover his medical costs, there certainly wouldn't be a hospital that would accommodate him because he didn't have anything to pay for his treatment and there was no guarantee that he would can pay the bill. and because of this, insurance is very important for a person, so that when he experiences an incident, there is a party who will be able to cover his medical costs.

in my country, the government has created a health system like insurance where each person only needs to pay 3 usd to 10 usd every month and they will get facilities such as insurance which can cover their medical costs when they experience an incident, illness or just a normal health check. it is available nationwide, meaning one only needs to show their health card and they can get the facility at the nearest hospital. it's really very helpful.

I know people that had lost there houses to natural disaster and the only way they could get compensation is through the insurance they did on there households. We don't know what could be the problem and that is why we need to do insurance because this is the backbone of our assets. There are still regions where insurance is not taken seriously but the people there have to try there possible best to make sure they protect there assets or else they would have to bear the loses if anything ever happens. It is very important and we all need to go for insurance to protect our physical assets.

[Belarge]

Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.

Our interests should be the first thing on our lists, notwithstanding the dangers that follows. We're humans and there's a whole lot of activities to protect ourselves from because standing tall means we're up and ready to face anything in the system. I know it's never an easy job to hold tight but some scenario demands it, atleast we're hoping for greater heights. Insurance is top priority for everyone of us.

[Youngkhngdiddy]

Insurance is very important for us and our family. Life is full of uncertainty, risks are everywhere. For example, regarding health. Yes, we have to take care of our health, but we also need to prepare additional protection, in the form of health insurance. Therefore, having insurance is not only to protect our interests but also to protect the family we love.

Yes, insurance is very important for us and our family. Especially we should all insure for the future. Generally by insurance we mean contract. Legally the contract between two parties is called insurance. There are different types of insurance such as;

1. Life insurance
2. Home insurance
3. Vehicle insurance
4. Life Insurance
5. Fire Insurance
6. Travel insurance
7. Health insurance

Life insurance provides financial security.

  Insurance is important for individuals, businesses, and society as a whole. Insurance provides financial protection against unexpected events, such as accidents, illnesses, and natural disasters. Insurance provides financial protection against unexpected events that can be costly, such as car accidents, medical emergencies, and property damage. Without insurance, individuals and businesses may have to bear the full financial burden of these events, which can be difficult or impossible to manage. Having insurance can provide individuals and businesses with peace of mind, knowing that they are protected against unexpected events. This can reduce stress and anxiety and can help individuals and businesses focus on other important priorities, such as their health, work, and family.
  Without insurance you are taking on all risks of tragedy. For a relative small fee, you transfer all that risk to an insurance company. insurance is important because it provides financial protection, transfers risk, provides peace of mind, helps with legal compliance, ensures business continuity, and has a social benefit. Insurance can be a valuable tool for individuals and businesses in managing risk and protecting against unexpected events. By paying premiums to insurance companies, individuals and businesses can protect themselves financially and focus on other important priorities in their lives.

[Essential10]

Yes, insurance is very important for us and our family. Especially we should all insure for the future. Generally by insurance we mean contract. Legally the contract between two parties is called insurance. There are different types of insurance such as;

1. Life insurance
2. Home insurance
3. Vehicle insurance
4. Life Insurance
5. Fire Insurance
6. Travel insurance
7. Health insurance

Life insurance provides financial security.

I think individual life insurance is necessary. Insurance provides financial protection in case of unexpected events like accident, illness or natural calamity. About two weeks ago I completely know about the insurance related matter. A neighbor of mine passed away about two months ago, he was the sole earner of his family, the unexpected death left the family helpless. I thought their condition would be worse but after checking last week I found out he had a life insurance policy. Family members are now trying to change their situation with this insurance money. However, it is very important to insure for the future.

[DabsPoorVersion]

I think individual life insurance is necessary. Insurance provides financial protection in case of unexpected events like accident, illness or natural calamity. About two weeks ago I completely know about the insurance related matter. A neighbor of mine passed away about two months ago, he was the sole earner of his family, the unexpected death left the family helpless. I thought their condition would be worse but after checking last week I found out he had a life insurance policy. Family members are now trying to change their situation with this insurance money. However, it is very important to insure for the future.

That's exactly the main goal and importance of having insurance. Especially for those who are a breadwinner, their family will have a hard time if ever something happens to that person. At least, if ever you are insured to the insurance your family can adjust and receive financial support from the insurance you invested at an early age.

It's also important to realize and invest early as much as we can. The more we grow older, the higher the amount of insurance we need to pay. That's why at a very young age or the moment we start working and we think we can manage to initiate having insurance, do it.

[retreat]

Many people understand the benefits of insurance, but most people choose not to get it because they think that insurance is a scam. This is reasonable, for example in my city, many people here are deceived by insurance, because they took out an insurance policy within a period of 10 years, but during that period they never claimed the insurance policy, and when they wanted to take their money, the insurance company said that The money cannot be withdrawn completely, only 25% or forfeited completely. And many other problems that make the image of insurance in our country not so good, and only rich people want to take it - while middle and lower class people choose to take national health insurance (similar to insurance but with much lower costs) and that's it , for other insurance they do not choose to take it, unless they have to.
Moreover, the majority of people's income here is also limited, so paying for insurance only adds to the burden for them and they choose not to take it.

[TEBTC]

Insurance is good and need to be encouraged even though the awareness is low in developing countries we need to ensure our asset, life, house etc
So Incase of emergencies we will not be crying so much because we know that we got insurance covering up

[Falconer]

-snip-

I completely agree with you, insurance is necessary and I even think that the fact that insurance is mandatory in Europe, is a very good step. For example, we all have car insurance and when there is a car accident, there is no fight between drivers, people shake hands and go on their way.
Every business needs insurance, especially farmers and it doesn't matter if there was a flood in the recent 15 years or not. The fact is, things happen and no one can predict the future. Many farmers, especially in poor countries hesitate to insure their business because insurance requires also lots of money and when years pass and nothing happen, then business owners think that they wasted years of insurance money and it was a bad decision. Insurance has pros and cons, everyone wants insurance when something bad happens but when things go well and there was no need of insurance usage, they hesitate to pay and even regret that decision.

I agree, insurance should be considered important but it depends on the interests of each individual. People need insurance for a reason, but not everything needs to be insured. I have health insurance, as well as vehicle insurance, but I don't have wealth insurance. Some people may consider wealth insurance where they intend to get protection against damage or loss of their property due to various reasons, but this is not necessary for everyone.

There are many insurance products on offer and each of us has the right to choose according to our interests. Some of this has already been said, but again not all insurance products are suitable for everyone for financial and other reasons.

[shield132]

There is a talk about the necessity of insurance in many sectors but the problem is that in some countries insurance companies are scammers. I can tell you from my personal experience that some years ago I went to travel in Europe and bought traveller's health insurance in my country because that is a mandatory thing. I went in another country and had an accident that required me to go to the hospital. Sadly, my local health insurance did nothing for me, I had to pay out of my pocket and had to talk with my local insurance company for weeks to get what I deserved according to insurance plans.
These accidents are very common in my country, that's why people are sceptical and don't use insurance. Farmers frequently demand from the government to cover their losses caused by floods and some natural disasters. They demand to get help from the government but when the government tells them to insure their farms, they hesitate. There are too many problems that need to get fixed.

[AbuBhakar]

Insurance is good and need to be encouraged even though the awareness is low in developing countries we need to ensure our asset, life, house etc
So Incase of emergencies we will not be crying so much because we know that we got insurance covering up

Most challenges encountered by people especially those who are on 3rd world country is the poverty makes their salary only sufficient to their daily needs. Not all people can avail insurance even though they really need it due to the low salary grade of the country while the cost of living is just making them just enough of having a food.

On OP story subject which are that has good source of income from their job and businesses, insurance is really a must because they have a way to pay the monthly bills but this is not applicable to those people that is under the minimum wage earners with family to sustain. I have insurance myself because I have a better job but some of my co-worker still doesn’t have insurance because they have more fix bills to support their family necessity that’s why they are investing only on health by doing healthy lifestyle.

[MissNonFall9]

There is a talk about the necessity of insurance in many sectors but the problem is that in some countries insurance companies are scammers. I can tell you from my personal experience that some years ago I went to travel in Europe and bought traveller's health insurance in my country because that is a mandatory thing. I went in another country and had an accident that required me to go to the hospital. Sadly, my local health insurance did nothing for me, I had to pay out of my pocket and had to talk with my local insurance company for weeks to get what I deserved according to insurance plans.
These accidents are very common in my country, that's why people are sceptical and don't use insurance. Farmers frequently demand from the government to cover their losses caused by floods and some natural disasters. They demand to get help from the government but when the government tells them to insure their farms, they hesitate. There are too many problems that need to get fixed.

Yes for people who live below the poverty line or in the middle of the poverty line, getting insurance is an impossible thing to think about. Because those who earn the minimum allowance just to run the family meet their basic needs, it is a luxury for them to even think about insurance. But when those people invest or venture somewhere to try to improve their position, it becomes necessary for them to take the plane. In that case they should look into participating in insurance through a good insurance company. It is normal that there will be good companies in any country even if there are scammers.

[Rabata]

Everyone in the developed world attaches great importance to insurance. Moreover, it is definitely a very important thing in human life. Many of us neglect it. But actually it is a very important task. I saw a friend of mine who lives in a developed country. As he has a complex disease, he has to spend a lot of money which he would not have been able to afford on his own unless he got help from insurance. However, there are many complaints about insurance in under developed and poor countries where an insurer faces various problems in getting the services one deserves. Not all are the same though. But if one realizes the importance of insurance then he must not neglect it.

[Iroh]

Life insurance provides financial security.

I beg to differ. I thought a little about it and wasn’t still convinced. I simply don’t see how life insurance  provides financial security in any way. How does one having a life insurance policy affect his income levels positively enough to be financially secure? It just doesn’t.
Having a life insurance on someone could guarantee some payment on the demise of the individual but that still doesn’t provide financial stability.

[D ltr]

In my opinion, insurance is very important, but the current level of trust in insurance in my country is very bad, there are several insurers who have embezzled their customers' funds until now they have not been paid, so many of our citizens are better off saving funds in my bank by depositing their money rather than taking insurance. ,
but luckily every company has health and old age insurance, so at least for my health and old age I have it from the company where I work

[EFS]

In my opinion, insurance is very important, but the current level of trust in insurance in my country is very bad, there are several insurers who have embezzled their customers' funds until now they have not been paid, so many of our citizens are better off saving funds in my bank by depositing their money rather than taking insurance. ,
but luckily every company has health and old age insurance, so at least for my health and old age I have it from the company where I work

OP thought and spoke according to his own country, but he didn't realize that every country has different conditions and how much they vary from country to country.
In some countries the insurance system is really bad. They have undeveloped systems and people pay for insurance but when they need it, they don't get what they pay for. In ideal conditions insurance can work, but there are many regions where it doesn't work.
If we take life insurance, you pay a lot of money and if something happens to you, the insurance doesn't even pay for many items. You still have to pay an additional fee for treatment in private hospitals. Public hospitals can be in very bad condition. You insure a car, but in the event of an accident, the insurance may not cover the full damage. Things like this make us question the meaning of insurance.

[MissNonFall9]

Everyone in the developed world attaches great importance to insurance. Moreover, it is definitely a very important thing in human life. Many of us neglect it. But actually it is a very important task. I saw a friend of mine who lives in a developed country. As he has a complex disease, he has to spend a lot of money which he would not have been able to afford on his own unless he got help from insurance. However, there are many complaints about insurance in under developed and poor countries where an insurer faces various problems in getting the services one deserves. Not all are the same though. But if one realizes the importance of insurance then he must not neglect it.

When the rule of law exists in a country where there is no lack of accountability then there are no barriers to receiving and providing services of any kind not just insurance. Because when the rule of law exists in a country people can work very easily in that country and no one has any chance to object or doubt the benefits that the citizens have in the state. However for any country or nation insurance is an important service that can be availed in any adverse situation in life.
For example if we have life insurance and if the policyholder dies due to any reason the family of the policyholder will get the loss. And if the policyholder does not die then after a certain period you will get the sum assured. However in countries where there is still no good attitude towards insurance it is better to get insurance from a good insurance company after hearing or understanding.

[Zanab247]

There are different types of insurance and they work in different ways. However, insurances often work in times of danger. So insurance is very important for us. But there are many who don't like it.  But in reality insurance is very beneficial
. Life Insurance
. Health Insurance
. Investment Insurance

I think the importance of these three is very high. These reduce our financial risk a lot. And bad times will support us a lot. So I think everyone should take the services of these insurances

Not that people don't like Life insurance, health insurance and investments insurance , just that they know that to approach them require huge amount of money before they can get registered to have full access to those insurance in your country.

Like Health insurance is very important for business men or women to adopt, and it will make them to stay long in their business because when you have good health, you can monitor your business to continue earning till you get old.

And, investment insurance is very important to those that what to be wealthy because if anything happen to your goods or company, insurance company will restore everything back to you in a way you will not have pressure over the issue.

[Cookdata]

Not that people don't like Life insurance, health insurance and investments insurance , just that they know that to approach them require huge amount of money before they can get registered to have full access to those insurance in your country.

Insurance companies doesn't work like that and not all of them are that expensive. If you earn enough to put food in your mouth and has a place to put your head, there are some basic insurance you should be able to pay for especially health insurance. The health insurance companies I know here knows for.a fact that percentage of couples are monthly dependent on pay check, so introduce monthly alternative break down for people but you must not default it else you risk your insurance with them and they are working perfectly, you don't need to break a bank to get yourself registered for health insurance.

Like Health insurance is very important for business men or women to adopt, and it will make them to stay long in their business because when you have good health, you can monitor your business to continue earning till you get old.

Health insurance isn't just for business men and women, literally everyone should have health insurance because you don't know the kind of health complications that you may have and may not be able to afford to pay. It's very essential for people who has a lot of health generation problems

And, investment insurance is very important to those that what to be wealthy because if anything happen to your goods or company, insurance company will restore everything back to you in a way you will not have pressure over the issue.

Investment insurance is good as well but the number of successful firms of investment insurance are far less than to that of the fail investment insurance, what I'm saying is that you need to be cautious of such insurance and not end up in a scam situation.

[Fatunad]

There are different types of insurance and they work in different ways. However, insurances often work in times of danger. So insurance is very important for us. But there are many who don't like it.  But in reality insurance is very beneficial
. Life Insurance
. Health Insurance
. Investment Insurance

I think the importance of these three is very high. These reduce our financial risk a lot. And bad times will support us a lot. So I think everyone should take the services of these insurances

Not that people don't like Life insurance, health insurance and investments insurance , just that they know that to approach them require huge amount of money before they can get registered to have full access to those insurance in your country.

Like Health insurance is very important for business men or women to adopt, and it will make them to stay long in their business because when you have good health, you can monitor your business to continue earning till you get old.

And, investment insurance is very important to those that what to be wealthy because if anything happen to your goods or company, insurance company will restore everything back to you in a way you will not have pressure over the issue.

Its important but majority of us would really be neglecting or doesnt really put up any attention into it but on the time that we do face up such challenges and conditions then this is where we do make out some realizations about its importance. Yes, its really that something that comes with a cost but we do really know that this is some sort of security since we cant really be able to make ourselves that having a secured life or something that it is really completely safe from accidents or any disasters or whatever possibile emergencies that we might be able to encounter.

As much as possible you should really be putting up at least some budget when it comes to insurance yet its something that you would really be needing up to pay once every year or whatever terms it would be.
Some might really be that skeptical because they would really be having a feeling that they are just wasting money which its true but we do know that when it comes to those tough situations or times
then this could really be something so useful and its better to have rather than nothing on the time that you do need it.

[Hamphser]

There are different types of insurance and they work in different ways. However, insurances often work in times of danger. So insurance is very important for us. But there are many who don't like it.  But in reality insurance is very beneficial
. Life Insurance
. Health Insurance
. Investment Insurance

I think the importance of these three is very high. These reduce our financial risk a lot. And bad times will support us a lot. So I think everyone should take the services of these insurances

Not that people don't like Life insurance, health insurance and investments insurance , just that they know that to approach them require huge amount of money before they can get registered to have full access to those insurance in your country.

Like Health insurance is very important for business men or women to adopt, and it will make them to stay long in their business because when you have good health, you can monitor your business to continue earning till you get old.

And, investment insurance is very important to those that what to be wealthy because if anything happen to your goods or company, insurance company will restore everything back to you in a way you will not have pressure over the issue.

Its important but majority of us would really be neglecting or doesnt really put up any attention into it but on the time that we do face up such challenges and conditions then this is where we do make out some realizations about its importance. Yes, its really that something that comes with a cost but we do really know that this is some sort of security since we cant really be able to make ourselves that having a secured life or something that it is really completely safe from accidents or any disasters or whatever possibile emergencies that we might be able to encounter.

As much as possible you should really be putting up at least some budget when it comes to insurance yet its something that you would really be needing up to pay once every year or whatever terms it would be.
Some might really be that skeptical because they would really be having a feeling that they are just wasting money which its true but we do know that when it comes to those tough situations or times
then this could really be something so useful and its better to have rather than nothing on the time that you do need it.

We do really have that famous line;
"It's better to have something you might need one day but don't need yet than to need something that you don't have."

This just a single line of word on which you would really be able to realize that this is something that would really be a crucial thing and something that you would
really be needing to consider. You would really be finding it useful, although we wont really be wishing for some accidents but just like you have said that there's no guarantee
that we wont really be able to experience any emergencies in our entire life span. So better to get prepared or ready on whatever comes.

[Fortify]

I don't know who needs to hear this but you need to get insurance if you have assets that are your source of income and it can be insurable. This may not mean much to a lot of folks in developed countries because they're familiar with it, but a lot (and I mean a lot) of people in underdeveloped countries don't care about insurance.

I've read stories of people who were okay financially going broke because they have spent all they had to treat an illness for themselves, their children, or loved ones. I'm not saying insurance is our personal lord and savior, but it can help you in tight situations.

Around November last year, I volunteered to join a local and small NGO that was taking food, drugs, and other supplies to flood victims.
For context of how big the flood was, we used speedboats on roads and it was as though we were on a high sea.
Experts gave lectures on how to prepare for a flood and not wait for it to be too late. Some of the people we met told their stories.

We met one woman whose case I found very interesting.
She had a farm; a fishery and a poultry farm. The poultry was much bigger than the fishery. The farm was so big and established it made her thousands of dollars monthly in gross income. The flood took her by surprise, she was able to rescue some feeds and animals, but she lost so much of it.
Now let's ignore the fact that she was careless for not believing the warnings that a very big flood was coming because, in her words "In my 56 years of being alive and my 17+ years of doing this business, I've never experienced the tiniest bit of flood"
Let's focus on the fact that neither her farm nor a single thing on the farm was insured despite generating that kind of income.

Because of the damage we saw, the NGO started a campaign for the government to help these farmers with grants and loans so they can get back on their feet (but y'all know how politics gets). This allowed us to visit this woman at her farm. She's back on her feet, but it could take years to get back to what she was before the flood.
If her farm was insured, it most likely wouldn't have taken her that long.

There are many more people like this. A cab driver loses his care and he's back to square one because that's his source of income. Others get an illness that is expensive to treat and they go broke trying to pay for the treatment.
A husband and father die unexpectedly and leave nothing behind, leaving the wife to struggle alone to take care of the children. This takes a family that was comfortably a middle-class family to a lower-class family.

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

It's true that insurance is important for all your most valuable assets like a home or car. However one important thing that is often overlooked is the difference between what you think is covered and what is actually covered. You better be sure that when you need to call on something like life insurance to cover a health related matter, that it gives you exactly what you expected. If you think it is going to pay your salary for the rest of your life if you get cancer, but only realize it gives you a fraction of your salary after getting cancer - you have no way back. There can be all sorts of hurdles and obstacles to unlocking insurance, so be sure you know the clear path you'll have to take if you should ever need to use it and any restrictions on use.

[Mame89]

Everyone in the developed world attaches great importance to insurance. Moreover, it is definitely a very important thing in human life. Many of us neglect it. But actually it is a very important task. I saw a friend of mine who lives in a developed country. As he has a complex disease, he has to spend a lot of money which he would not have been able to afford on his own unless he got help from insurance. However, there are many complaints about insurance in under developed and poor countries where an insurer faces various problems in getting the services one deserves. Not all are the same though. But if one realizes the importance of insurance then he must not neglect it.

Yes that's right. Insurance is important, so don't ignore it because it has many benefits for us in the future. In essence, you are paying for insurance, not saving. It's like hiring a security guard. Security guards are not paid based on the number of thieves caught, but are paid periodically. So the advantage of investing in insurance is to ensure that each year's insurance premiums and costs do not increase for each person, these profits cannot be taken and allocated to other things. Especially if we have health problems, especially congenital or hereditary diseases.

If you have insurance, it will be easier to cover if something happens to you. And it's true, the important thing is to choose good insurance, even if it's a little expensive, the important thing is that the insurance has a good history and there have never been any problems with service. Because there are so many insurance individuals, this causes people to have less confidence in insurance. So choosing credible insurance is also much more important.

[passwordnow]

We do really have that famous line;
"It's better to have something you might need one day but don't need yet than to need something that you don't have."

This just a single line of word on which you would really be able to realize that this is something that would really be a crucial thing and something that you would
really be needing to consider. You would really be finding it useful, although we wont really be wishing for some accidents but just like you have said that there's no guarantee
that we wont really be able to experience any emergencies in our entire life span. So better to get prepared or ready on whatever comes.

I agree about that, before I am not fond of insurances but I've seen that people's lives are just like mists that can easily be seen today but gone on an instant. That's how short our lives are and that's why for those that are looking into it as just another expense, soon as you grow older you'll realize how important it is to have life insurance. You're even getting house and car insurances and why not get one for yourself, right?
That's how important it is but the problem now is about the claims when that happens, some people have shared their experiences on how to claim those eligibility when the insured person is gone and they're now in need of the money. Well, it's a case to case basis, some are success stories but many aren't for which this also stops a lot of people to get their own life insurances.

[Ludmilla_rose1995]

...

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

I once read a topic that discussed the benefits of insurance!! especially life insurance, because the ones who get the premium when someone who takes out life insurance dies are their children or heirs

I don't know what health programs are like in other countries, but I'm grateful that I come from Indonesia, here our health is covered by the government, through a program called BPJS (you can see it on Google), as long as you are an Indonesian citizen and have a registered KTP, you can take care of BPJS and feel the benefits

In the midst of the current economic uncertainty, health costs have become a frightening thing for poor people, so if your country holds a presidential election, choose a president who promises to provide free health services to its citizens

[White pawn]

Insurance is very important, because it has made livinghood easier,it has supplied a very effective financial stability,and support.it has also brought down the dangers in economics and contribute highly against the loss of money and family needs.

[milewilda]

I once read a topic that discussed the benefits of insurance!! especially life insurance, because the ones who get the premium when someone who takes out life insurance dies are their children or heirs

I don't know what health programs are like in other countries, but I'm grateful that I come from Indonesia, here our health is covered by the government, through a program called BPJS (you can see it on Google), as long as you are an Indonesian citizen and have a registered KTP, you can take care of BPJS and feel the benefits

In the midst of the current economic uncertainty, health costs have become a frightening thing for poor people, so if your country holds a presidential election, choose a president who promises to provide free health services to its citizens

Each country does have their own programs but we know that they would really differ into each other on which there are might free and there's none. This is why it would really be common sense that
you would really be needing to get some insurance even though this might not really be that something that could be used often but we dont really know on what would happen next into our lives
on which it would really be just that better to have rather than on not to have on the time that you would really be needing it. Regrets do always come at the end.

Insurance is very important, because it has made livinghood easier,it has supplied a very effective financial stability,and support.it has also brought down the dangers in economics and contribute highly against the loss of money and family needs.

You are talking shit man!

[SATWAT]

...

If you make money, get health insurance for you and your family, and insure your assets that are a source of income, businesses. Get a life insurance to secure your family's future.
There's a saying " hope for the best and plan for the worst".

I once read a topic that discussed the benefits of insurance!! especially life insurance, because the ones who get the premium when someone who takes out life insurance dies are their children or heirs

I don't know what health programs are like in other countries, but I'm grateful that I come from Indonesia, here our health is covered by the government, through a program called BPJS (you can see it on Google), as long as you are an Indonesian citizen and have a registered KTP, you can take care of BPJS and feel the benefits

In the midst of the current economic uncertainty, health costs have become a frightening thing for poor people, so if your country holds a presidential election, choose a president who promises to provide free health services to its citizens

In many developing countries we are having solid policies for common peoples which are helping them and giving them good facilities for health and education as well but sadly this all is not implementing in all countries with few are still suffering badly and peoples are fail to have any benefit from them which is creating problems due to corruption and many other related things which are going through and big pharma companies are taking good advantage of this all even we need this for all without any issue because they can do things like these which will surely helpful.
In our country few years back we have few good policies, but suddenly change of government create serious changes which are now giving no benefit even peoples are suffering badly and life is going the worst day by day, but all system is organic, and they are taking huge funds in bribes and related their own business which is really the worst situation.

[jrrsparkles]

We do really have that famous line;
"It's better to have something you might need one day but don't need yet than to need something that you don't have."

This just a single line of word on which you would really be able to realize that this is something that would really be a crucial thing and something that you would
really be needing to consider. You would really be finding it useful, although we wont really be wishing for some accidents but just like you have said that there's no guarantee
that we wont really be able to experience any emergencies in our entire life span. So better to get prepared or ready on whatever comes.

I agree about that, before I am not fond of insurances but I've seen that people's lives are just like mists that can easily be seen today but gone on an instant. That's how short our lives are and that's why for those that are looking into it as just another expense, soon as you grow older you'll realize how important it is to have life insurance. You're even getting house and car insurances and why not get one for yourself, right?
That's how important it is but the problem now is about the claims when that happens, some people have shared their experiences on how to claim those eligibility when the insured person is gone and they're now in need of the money. Well, it's a case to case basis, some are success stories but many aren't for which this also stops a lot of people to get their own life insurances.

We have to be very careful while picking the insurance plans whether it's health or life because the agents will sell us the plans that's profitable for them but it's not the best plan which always have some loops that benefits then insurance companies. We need to give little more attention and read all the details mentioned so that we are paying for something that can be useful when it's indeed.

[Cryptoprincess101]

Yes for people who live below the poverty line or in the middle of the poverty line, getting insurance is an impossible thing to think about.

That is the major problem here because you can tell a poor man trying to survive life to insure their properties and moreover those properties may not even be worth insuring because even as we are talking about insurance, it has to deal with properties with high worth and not just any property or investments.

Poverty have been a major cause of lack of insurance in most underdeveloped countries because not every one can afford the cost of insurance and not every one that have properties worth insuring.

[kotajikikox]

Poverty have been a major cause of lack of insurance in most underdeveloped countries because not every one can afford the cost of insurance and not every one that have properties worth insuring.

Unfortunately I do not even think some of them know how to insure their properties or assets. I have seen many of those in poverty to get easily fooled by corporate people trying to use too flashy words on them.

Banks or those who give insurances are very strict and require a specific amount of profit or savings to be given an insurance and it is only hurting the poor more and doing nothing to help them.

[wmaurik]

Insurance is very important, because it has made livinghood easier,it has supplied a very effective financial stability,and support.it has also brought down the dangers in economics and contribute highly against the loss of money and family needs.

Important insurance is insurance that is related to important conditions in life that usually have to be faced at higher costs. Examples include health and accident insurance for vehicles so that this is the main insurance for everyone to obtain because illness and accidents are things that we cannot predict so we need to have more special and more thorough preparation for this. But that doesn't mean other insurance isn't important, but each of us just needs to look at the more important things in ourselves before we make more insurance in life.

[coinerer]

Insurance is very important, because it has made livinghood easier,it has supplied a very effective financial stability,and support.it has also brought down the dangers in economics and contribute highly against the loss of money and family needs.

Important insurance is insurance that is related to important conditions in life that usually have to be faced at higher costs. Examples include health and accident insurance for vehicles so that this is the main insurance for everyone to obtain because illness and accidents are things that we cannot predict so we need to have more special and more thorough preparation for this. But that doesn't mean other insurance isn't important, but each of us just needs to look at the more important things in ourselves before we make more insurance in life.

Yes there are different types of insurance available but not all insurances are very necessary for us. therefore, it is not right to use all types of insurance to waste money unnecessarily.  But since almost all of us use cars, in this case we need to have car accident insurance, life insurance. on the other hand we all get sick so having health insurance is also necessary. And business insurance is also a good idea for those who own a business because a business needs to invest a lot of money so if the business is damaged in any natural calamity then there is some backup from the insurance.

[passwordnow]

I agree about that, before I am not fond of insurances but I've seen that people's lives are just like mists that can easily be seen today but gone on an instant. That's how short our lives are and that's why for those that are looking into it as just another expense, soon as you grow older you'll realize how important it is to have life insurance. You're even getting house and car insurances and why not get one for yourself, right?
That's how important it is but the problem now is about the claims when that happens, some people have shared their experiences on how to claim those eligibility when the insured person is gone and they're now in need of the money. Well, it's a case to case basis, some are success stories but many aren't for which this also stops a lot of people to get their own life insurances.

We have to be very careful while picking the insurance plans whether it's health or life because the agents will sell us the plans that's profitable for them but it's not the best plan which always have some loops that benefits then insurance companies. We need to give little more attention and read all the details mentioned so that we are paying for something that can be useful when it's indeed.

Well, they're selling agents and they're for the point of just selling and it won't matter to them anymore as they catch you as their customer and they get the sell. While you as a customer, the after sales and claims is the problem at most times. That's why you are right by finding the right agents and the ones that will assist you even after the sell. After sales and claim of these insurances are hard to do when you're no longer connected with the agent or when they change career but I believe someone will still be able to assist you. Those that are still working with the insurance company that you've availed the insurance product. I've read a lot of problem during the claims and I've read as well the good ones that has been assisted by their agents so, there is always 2 sides of the stories that we're reading and watching. It's best to decide and be firm with what you'll avail and whom the person that you're going to work with for your insurance. Because if you choose the right one, you'll have no problem about the claims later if you've been communicative with him/her.

[Yaqs15]

If the economy is good then the developed economies of the world can help the weak economies to improve. But currently the countries are full of corruption, if corruption is not prevented, economic development is not possible. There is no doubt that corruption is one of the major obstacles to economic development. Because corruption reduces domestic investment discourages foreign investment increases government spending and encourages the shift of government spending from important areas such as education health and infrastructure development to less important projects that can be easily corrupted. That is why desired economic development is almost impossible without prevention and control of corruption.

  of course money gives power, authority in fact, when the money speaks, the law is blind. So it's rightly said, when you mentioned countries with significant economic development can help the other ones with weak economy when there's no much corruption in the land.
But in a situation where corruption has taken over the justice of the citizens, the next thing they will expect is economic weakness.
This is because even the leaders that would think of good innovations which would bring about the betterment of the citizens, will rather think of how they will full their pockets and enrich their family in a corrupt manner. All of which in turn bring about down fall to the national economy.

It could be that what you say is true, of course they will borrow money from a country with a stronger economy, of course taking into account all the overall factors of the weak country, to obey a large country as a whole is impossible, there must be limits that must be taken into account by every leader, there is definitely a win win solution.

In my opinion, controlling the entire political system of a country is impossible. Of course, the statesman leader of a country certainly has any sovereignty, whether economic or other, no one can interfere in it.

To become a growing economy in all fields, in my opinion, a country's system must be well synchronized and firm in everything, whether legal or other. If the leader of a country has led well, but the laws in his country are not strict, such as corruption is not enforced as it should be, only in prison for around 10 years, this can still be reduced with remission from the government. In my opinion, if corruption is not punished by death, the country will not progress forever, It was only undermined by officials who were greedy in collecting money, who, as in the initial campaign, had already spent a lot of money.

I don't think a particular country can be recognized and seen with it's reputation if it lacks it economic development.
 How do you expect others to respect you when you don't have the means?
How can you control others when you don't have the remote control in your hand?
How do you want to be respected when you don't respect yourself?
All is impossible, especially nowadays when the talks of the day is Money. Money speaks for those that can not speak. Even the developed nations today are considered  been developed because of their economic standard.  If for example, economy of the countries like china, India and united state of America falls and get weak today, they will definitely loose their power.

[batang_bitcoin]

Insurance is something that must not be neglected because of its importance to human. most especially, today that everything is expensive, insurance can play very vital role.
  I could remember one of my neighbors who was suffering from a very chronic illness but don't have enough money to help him treat his sickness, but with the help of insurance, he got treated with ease.
Medicine that would be purchased with like ten thousand naira he bought it with it's ten percent with the help of insurance. So the importance of insurance can't be over emphasized.

When a sudden illness takes you out of this world and you pass away, your insurance is going to take care of all of the expenses that should be shouldered by your family. But because you're wise and thoughtful to them, they're not going to be problematic anymore if they've got savings to spend for your funeral and such. This is the case if the insurer has passed away but those that have been insured even before getting an illness, the role of the insurance is to provide you the medical care that you need or the budget that you'll need for your medication which is a relief to you.