Insurance is important

[Antotena]

Insurance provides some future security for a person especially when a person is in a financial crisis then his personal insurance definitely helps him out of financial crisis at that time. Insurance is usually when a person saves some money in a bank or non-government organization after meeting his personal and family expenses. But nowadays most of the citizens are interested in doing insurance and they are giving importance to insurance and insurance to secure the future of their children.

You can't blame the parents for securing good insurance for their children. First, the health care system is getting expensive days by days and year by year and the way children get affected by our own problems these days is alarming. You could just be with your kids in the house, takes them to hospital for minor check up only to be told that there is a health complications for your child, without a good health insurance, you may sell your properties before you can raise money for any urgency especially if it involves surgery.

As a parents, we need insurance too especially the financial ones but parents don't give priority too much too financial especially when they aren't business type of person that may need some urgency money to clear some expected incident. Some parents prefer to rather insure their house and then healths, this is the two they never skip and you wouldn't blame them, house roof and proper health care is the basic insurance every parent need to have.

[kotajikikox]

I do not deny the importance of insurance and people with economic conditions should buy insurance because it will bring benefits in certain cases.

Most people say insurance is important and poor people should buy it too, so does anyone here have insurance? I don't think as many people will buy insurance as people say.
In my opinion it is for the poor and those who are not so rich and are still struggling with money.

Both can be good for emergencies there are slight differences with being investments giving you money or profit regularly compared to insurance that is solely just for emergency purposes. The thing is most people can't afford to buy both investments and insurance. They are just trying to make use of their salary for the month and are left with no extra money to even think about investment projects as well as insurance.

We should invest instead of buying insurance just for emergencies. I believe that if we compare the benefits between investment and insurance, investment will bring more benefits and poor people should think about investment instead of buying insurance.

I think it depends on what you should prioritize more depending on where you are at currently in life because as much as investing seems the better option, you also need to know that there are risks involved and you may lose some money as well. So it is possible that whatever your asset is may not be ready for when an emergency happens.

[Orpichukwu]

It’s surprising how many people don’t think about insurance when they’ve got valuable assets, especially in areas that are at risk for unexpected events. Like you mentioned, the farm owner lost so much during the flood, and it could have been a different story if she had insurance in place.

The reason why some people don't really value this insurance of a thing sometimes is based on where they reside. There are people who base and have their business in the rural areas where they don't see insurance as anything, and you can also barely see any insurance companies around that area to tell them the importance; they lack the information, so they can't just go into it. Some of the insurance companies policies are just not too fair as they are established to exploit their clients, which could be the fear of many.

[red4slash]

We should invest instead of buying insurance just for emergencies. I believe that if we compare the benefits between investment and insurance, investment will bring more benefits and poor people should think about investment instead of buying insurance.

I think it depends on what you should prioritize more depending on where you are at currently in life because as much as investing seems the better option, you also need to know that there are risks involved and you may lose some money as well. So it is possible that whatever your asset is may not be ready for when an emergency happens.

As long as we can do both, why should we choose one or the other.

Investment is quite important for our future life including in the conditions of economic improvement for the future but on the other hand insurance can also be important especially since the scope of insurance for now is quite broad where there is health, unexpected things such as accidents or others so that in the end this remains also an important thing if we can afford to do it.

We don't need to compare which one is worth it because everything is for a better future so that when we are able to be in both it will be better done because this will relate to your future and of course this is one of the efforts for us to improve our quality and life in the future so that with the best investment we will be able to get a large enough return and insurance is used as an option for us to get things that are not expected.

[Nanga Parbat]

It’s surprising how many people don’t think about insurance when they’ve got valuable assets, especially in areas that are at risk for unexpected events. Like you mentioned, the farm owner lost so much during the flood, and it could have been a different story if she had insurance in place.

The reason why some people don't really value this insurance of a thing sometimes is based on where they reside. There are people who base and have their business in the rural areas where they don't see insurance as anything, and you can also barely see any insurance companies around that area to tell them the importance; they lack the information, so they can't just go into it. Some of the insurance companies policies are just not too fair as they are established to exploit their clients, which could be the fear of many.

You gave good information about that platform because you said reality . I saw many insurance companies who took money from their clients by using their communication skills but after few years when the person died they got the information that Insurance was not important because they got same amount of money which they invested but company used their money to buy assets . So most of the persons don't trust on Insurance policies . Insurance agents are very clever persons and they always try to rober their clients and that's why most of Insurance agencies are not successful. And if they will be sincere with their clients then the result will be more efficient in future.But we are watching no improvement in the fooly  behavior of clients and uneducated persons will be entrapped by these persons.

[Fortify]

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.

In many countries insurance isn't just sound practical planning, but is mandated by law or contractual agreements. Take car insurance that you mentioned, if you are driving around roads in most countries with proper transport regulation then you will need to pay for insurance - because there are so many different things that can go wrong on the roads with a car, even if it is not your fault. Home insurance is usually stipulated in a mortgage contract as well, where you are required to buy it in order to obtain a mortgage, because the bank wants to make sure it's asset is well protected and a replacement can be created if something goes wrong with it. You give extreme examples and they are exactly why we pay small amounts to cover very small chance scenarios.

[GxSTxV]

I always thought about this subject and I understand the importance of insurance with how it can protect my assets, health and mostly my financial stability in times of crisis or aging. However, I believe insurance is more crucial for those people and workers who are unable to save a significant amount of wealth to cover unexpected losses or enjoy their lives after retirement. As a freelancer and most of us here who are working online or investing their money on crypto, with no access to affordable insurance options, I think it’s a better choice to focus on saving big with maintaining an emergency fund, and ensuring my assets are well taken care of. While insurance provides peace of mind for us, it often feels out of reach sometimes, so I choose to take a careful financial planning to mitigate risks of my stability in the future.

As a person who worked only online and can’t think of any real job that can make me feel stable, I choose to fight and gather enough money for any situation. Insurance is something like a jar to save money inside but also someone else may take from it if he is in need before you, we all can share those jars in time of needs, but always the insurance company is the number one who benefit from it, due to the number of people who leaves those jars filled without any use.

[LDL]

My friend insured her life and health in favor of her relatives. She thinks it was the right decision.

However, I have my doubts about it... Insurance is not very popular in my country. People do not trust insurance companies, they think that they can either deceive their clients or go bankrupt. This is due to historical memory of the 90s of the last century. Then the USSR was liquidated, the only state bank froze the deposits of USSR citizens, and the subsequent hyperinflation deprived them of all their savings. This formed a strong distrust of any social institutions and organizations (both state and non-state) in people.

Therefore, people rarely use the services of insurance companies, this is not as common as in developed countries.

Insurance is not very popular in my country especially educated people in urban area they may be aware about insurance but still not paying much attention to insurance in village level. But insurance is very important in our life, especially if someone falls into financial distress after taking insurance, then the money saved in insurance can give him a backup in times of danger. Insurance is basically an easy way to collect money where if one wants to ensure his proper and secure life in future then he must give importance to life insurance and family small business where insurance money will give him ample backup.

[bakasabo]

Insurance is not very popular in my country especially educated people in urban area they may be aware about insurance but still not paying much attention to insurance in village level. But insurance is very important in our life, especially if someone falls into financial distress after taking insurance, then the money saved in insurance can give him a backup in times of danger. Insurance is basically an easy way to collect money where if one wants to ensure his proper and secure life in future then he must give importance to life insurance and family small business where insurance money will give him ample backup.

Not quire sure what do you mean that insurance is an easy way to collect money. You cant use insurance as a bank, send there money and keep it forever. I can guess that our countries and insurance approach are totally different, but I have never heard that someone used insurance to save money. It wont be possible to completely secure life when you buy life insurance, as each insurance policy have levels and limits. If you have life insurance and die, insurance company wont be paying your family each month a sum during «average life length in your country - your age when you died». They will get hundred, maybe several hundred thousands and that is it.

[skarais]

~~~

Not quire sure what do you mean that insurance is an easy way to collect money. You cant use insurance as a bank, send there money and keep it forever. I can guess that our countries and insurance approach are totally different, but I have never heard that someone used insurance to save money.

Maybe it means that the balance of the insurance can be withdrawn for certain reasons and this can actually be done in my country. One of the companies that handles this problem has an insurance program for employees regardless of whether you work for a private company or a government agency. Within a certain period of time, the balance you pay every month can be withdrawn when you are laid off or stop working at the company, so this is not just empty talk because this program actually exists.

But of course, this insurance balance cannot be called an investment. Even if they can withdraw it over a certain period of time, insurance is not an investment area. Insurance is one option that needs to be considered so that customers do not have to pay medical costs if they are sick, meanwhile customers must always pay monthly costs, whether paid directly by the company where they work or by themselves.

[milewilda]

Insurance is not very popular in my country especially educated people in urban area they may be aware about insurance but still not paying much attention to insurance in village level. But insurance is very important in our life, especially if someone falls into financial distress after taking insurance, then the money saved in insurance can give him a backup in times of danger. Insurance is basically an easy way to collect money where if one wants to ensure his proper and secure life in future then he must give importance to life insurance and family small business where insurance money will give him ample backup.

Not quire sure what do you mean that insurance is an easy way to collect money. You cant use insurance as a bank, send there money and keep it forever. I can guess that our countries and insurance approach are totally different, but I have never heard that someone used insurance to save money. It wont be possible to completely secure life when you buy life insurance, as each insurance policy have levels and limits. If you have life insurance and die, insurance company wont be paying your family each month a sum during «average life length in your country - your age when you died». They will get hundred, maybe several hundred thousands and that is it.

There are insurance that offers investment plans too but i do say that it will really be that hard to trust up these things specially we do talk about long term on which we know that on the time or moment that we do have insurances but sustaining on paying up for very long time will really be that challenging and thats why insurances do make some big money due to some factors like people cant be able to pay up on monthly basis or yearly on which their insurance policy had been forfeited or they didnt have any issues of accidents and other stuffs on which this is where they do make big money or income. Some peoples mindset is that they do really dont like on getting some insurance because they do believe that they wont be sick or ill or having some  accidents on which they be thinking that they are really just that being monetized. Honestly, these are valid sentiments because we do know that not all will really be having some health issues but in overall it will be that recommended that you should get one because there's no assurance that you can be healthy forever. It will be that up to you on this aspect because we do know that there's no way that we can know on whats on tomorrow specially on accidents or any other unexpected events that do happen into our lives. You would be that confident that at least you do have that insurance that backs you up specially on hard times.

[bakasabo]

I see. Then I am more used to non-life insurance, than life-insurance. I know that a lot of people confuse life insurance and accident insurance, because its cost is way to little compared to life insurance. For instance, when a person breaks a finger, he gets around 300-500 EUR to cover his treatment. And there are limits that cover for instance death with 10-20k EUR, when people think that insurance company will support deceased family all the time.

All that misunderstanding comes from not reading documents. I have been saying it a long time ago, that people dont read, like they dont read casino ToS.

[ndutndut]

It’s surprising how many people don’t think about insurance when they’ve got valuable assets, especially in areas that are at risk for unexpected events. Like you mentioned, the farm owner lost so much during the flood, and it could have been a different story if she had insurance in place.

The reason why some people don't really value this insurance of a thing sometimes is based on where they reside. There are people who base and have their business in the rural areas where they don't see insurance as anything, and you can also barely see any insurance companies around that area to tell them the importance; they lack the information, so they can't just go into it. Some of the insurance companies policies are just not too fair as they are established to exploit their clients, which could be the fear of many.

Yes, that's right. Sometimes insurance is not valid in some places because the area is unlikely to experience disasters and so on so they don't consider insurance as something important to them. There are also people who, as you said, should have insurance but there are no insurance companies in the area so they don't get coverage from insurance companies.

There are also those because insurance contracts are difficult for laypeople to understand, then there are quite a lot of mis-selling and default cases. It's useless to have insurance but claims are not guaranteed, and insurance companies are unable/unwilling to pay.

However, there are also people who already understand insurance but don't want to get insurance because they think it's trivial, even though insurance is very important for the future. Insurance is very necessary for everyone, especially for health insurance and luxury goods. In conclusion, insurance is like you are strengthening the security guard at your house, anticipating thieves and robbers. So before getting insurance, make sure you buy the right insurance product and from a trusted insurance company. Learn everything first, before deciding.

[Mate2237]

It’s surprising how many people don’t think about insurance when they’ve got valuable assets, especially in areas that are at risk for unexpected events. Like you mentioned, the farm owner lost so much during the flood, and it could have been a different story if she had insurance in place.

The reason why some people don't really value this insurance of a thing sometimes is based on where they reside. There are people who base and have their business in the rural areas where they don't see insurance as anything, and you can also barely see any insurance companies around that area to tell them the importance; they lack the information, so they can't just go into it. Some of the insurance companies policies are just not too fair as they are established to exploit their clients, which could be the fear of many.

Yes, that's right. Sometimes insurance is not valid in some places because the area is unlikely to experience disasters and so on so they don't consider insurance as something important to them. There are also people who, as you said, should have insurance but there are no insurance companies in the area so they don't get coverage from insurance companies.

There are also those because insurance contracts are difficult for laypeople to understand, then there are quite a lot of mis-selling and default cases. It's useless to have insurance but claims are not guaranteed, and insurance companies are unable/unwilling to pay.
.

I think the major problem of insurance is the issue of awareness and information about what insurance is all about because depending on the part of the world that one is found information about information is not available in some parts of the world especially in the developing world properties owners don't know anything about insurance and how it can be of benefit to them

I think information about insurance and it benefits to individuals can be done by insurance company's via advertisment in these developing parts of the world, the responsibility lies with these companies because it's there business and they should take it as a priority to spread the information about insurance as it's is a very important issue

[Huppercase]

Insurance is not very popular in my country especially educated people in urban area they may be aware about insurance but still not paying much attention to insurance in village level. But insurance is very important in our life, especially if someone falls into financial distress after taking insurance, then the money saved in insurance can give him a backup in times of danger. Insurance is basically an easy way to collect money where if one wants to ensure his proper and secure life in future then he must give importance to life insurance and family small business where insurance money will give him ample backup.

Insurance might not be popular but I hope people know that there is now way a country will exist without people not paying for insurance, they pay it knowingly or unknowingly. In my country for example, people pay yearly insurance money, renewal is always 12 month cliff but these companies that are recognized by the government doesn't do anything for citizens and yet the government mandate you to pay this money otherwise your car can be stopped on the road by road safety commissions.

As a citizen, it's high time we take our right seriously especially the aspect of health. Nobody prays to see bad omen but if it eventually comes and you don't have the means to make payment, you don't have choice than to find any means to raise that money but when there is insurance on your health and there is an agreement between you and them, they don't have choice but to foot the bill depending on the agreed percentage they are going to pay on the health.

[stomachgrowls]

My friend insured her life and health in favor of her relatives. She thinks it was the right decision.

However, I have my doubts about it... Insurance is not very popular in my country. People do not trust insurance companies, they think that they can either deceive their clients or go bankrupt. This is due to historical memory of the 90s of the last century. Then the USSR was liquidated, the only state bank froze the deposits of USSR citizens, and the subsequent hyperinflation deprived them of all their savings. This formed a strong distrust of any social institutions and organizations (both state and non-state) in people.

Therefore, people rarely use the services of insurance companies, this is not as common as in developed countries.

Insurance is not very popular in my country especially educated people in urban area they may be aware about insurance but still not paying much attention to insurance in village level. But insurance is very important in our life, especially if someone falls into financial distress after taking insurance, then the money saved in insurance can give him a backup in times of danger. Insurance is basically an easy way to collect money where if one wants to ensure his proper and secure life in future then he must give importance to life insurance and family small business where insurance money will give him ample backup.

Even on a civilized city on which not all will really be that knowledgeable in regarding about insurances on which there would really be that still those individuals who dont really know on what it is. They will really be just that simply thinking about that this one will be that useless but on the time that tough situations do happen or struggling about finances because of some accidents or health issues then this is the only time that they will be that searching up for potential ways or method that they can be able to lessen up their expenses. This is where they will be thinking about insurances and making up some research on how important it is on someones life. Its true that its really that expensive at first but if you are really that trying to look its usage and advantage then you wont be minding at all.

This is why if you do have that money then its not bad consideration to set up some budget for insurances. Some people do really think that it is really just that add to expenses on which this one is indeed true but actually if you are an individual whose really that not always getting sick or ill then it might that better not to get but as we do all know that no one really knows the future on what lies ahead so its better to secure it first rather than on having that kind of confidence in regarding into this manner.

[Justbillywitt]

It’s surprising how many people don’t think about insurance when they’ve got valuable assets, especially in areas that are at risk for unexpected events. Like you mentioned, the farm owner lost so much during the flood, and it could have been a different story if she had insurance in place.

On top of getting insurance for physical assets, there’s also the legal side to consider if you’re dealing with property damage that’s affecting your business. A property damage lawyer can really help when things go wrong and insurance doesn’t cover all the costs.

How many of these people actually know that there is something call insurance? Insurance are only placed more value in developed countries where there are laws ans and these laws are followed. In most of the underdeveloped countries people are barely surviving with the little they have got, so nobody gives a thought about insurance unless the big companies and top government officials who has amassed so much wealth for themselves. The few private individuals who took the courage to get insurance hardly gets any thing in the event of things going ugly when what they got the insurance cover for actually happens. Because of this people gets discouraged to get insurance especially in my country. Not that insurance is not good, but the possibility of getting paid the insurance cover is very slim in this part of the world.

[riyan96]

I used to overlook insurance too, thinking I could just keep my savings and be okay in case something happens. But honestly, big medical bills or repairs can wipe out your savings pretty fast, especially if you have a family to care for. I realized it’s not just about protecting belongings, but making sure I don’t put my loved ones in a tough spot if something unexpected comes up, like a hospital stay or an accident. When I started working at a mid-sized company, I got exposed to group health insurance and saw how much easier and more affordable it was to get solid coverage as part of a benefits package. The company partnered with Taylor Benefits to set those plans up for us, and the team was always ready to answer our questions, so it felt way more transparent and approachable than other options I’d seen.

[bubilas]

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.

I also worked in a medium-sized business and we had corporate insurance. It wasn't very cool, you couldn't get all your teeth treated or braces put in, but this insurance covered a small part of the expenses. But my main thought is that I was disappointed in this type of insurance. Firstly, you have to constantly negotiate with the insurer about which doctor I'll go to. The list is very short, you can't go to whomever you want for treatment, only a limited circle of medical organizations. Secondly, many cases are not covered by insurance, although they look like they are. Personally, I was disappointed by this.

[Unknown Op]

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.

I also worked in a medium-sized business and we had corporate insurance. It wasn't very cool, you couldn't get all your teeth treated or braces put in, but this insurance covered a small part of the expenses. But my main thought is that I was disappointed in this type of insurance. Firstly, you have to constantly negotiate with the insurer about which doctor I'll go to. The list is very short, you can't go to whomever you want for treatment, only a limited circle of medical organizations. Secondly, many cases are not covered by insurance, although they look like they are. Personally, I was disappointed by this.

Insurance is good and we know the concept of insurance and many companies are running these insurance companies and they are taking a good amount of money and if any incident happens , you will get a recovery of that thing for which you did insurance and life insurance is also good for many families and we can get a good amount of money after death of your family member but many companies are doing scams because they are taking money and they are using this money and many people don't know the real master mind behind the scene and they are earning in millions and people are getting very less amount as they expected because my cousin was entrapped by that kind of insurance and they got no profit from investment which they did for the bad time and they gave negative comments to the people if society.