Insurance is important

[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.

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[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.