Why do insurance rates constantly budge up?
I wonder why insurance rates consistently go up? People invest good unyielding earned cash to insure everything and anything only about. Door locks security systems for home and autos and still rates increase. You never see ancestors receiving a tax assumption for this nor do the ever get a balance vertebrae at the end of each year for what they've remunerated in and it's rare that you don't run through hell if you're making a claim. When are we going to get smart in this monetary climate and stand our ground? Stop the insurance scam, uninsure everything, put the money into our bank accounts, groceries, mortgages etc. What will they really do if everyone just stopped!
Answers:
You're right we don't need insurance and it's a scam. However, I do believe in some insurances such as home and vehicle. I mean those are personal decisions and the rates you can acutally afford...espcially if you can afford to enjoy a car.
As for health insurance it's crazy...and no guarntee they'll retribution out. You'd probably save money paying the doctor or hospital directly than giving it to a 3rd party (who really doesn't want to make a contribution you a dime if you're sick b/c it cuts into their profits). That's why we need National Health Care!!
People have be brainwashed into thinking we need health insurance...truth is if we did adjectives stop paying and demand the gov. give us this (what I assume is FUNDAMENTAL) right then life would be better and more rational. You'd get what you pay for.
Good luck!
Going through hell when making a claim? It depends on what type of claim. A theft claim on homeowners or auto insurance is investigated for any type of fraud because here is so much fraud.
It really depends on what type of claim and what company you have if your doing to have to flip through hoops to acquire your claim paid. Some companies are good at paying their claims and some are horrible.
So, culture looking for a company should find a company that has no problems with paying out their claims. People should never look for the cheapest company out in attendance if they do a horrible job at paying their claims.
Insurance rates walk up to cover inflation. A television bought 10 years ago for $100 will today cost $400. They obviously stipulation to charge you more to insure that.
Insurance companies also take your premiums and invest them: Real Estate, The Stock market, etc. since the bazaar is performing poorly, the insurance companies have less money from here, and will also need to increase premiums for that.
Some companies do really well and are competent to decrease premiums also. So it works both ways. Think GEICO. Source(s): I'm a licensed insurance broker.
They do NOT. It depends on what type of insurance. Life and various auto rates have actually decline.
Gia,
You first. Perhaps we can learn from your experience of paying out of pocket to hold your home repaired after there has be a fire. Or having to rebuild after a tornado. Or replacing the property that be stolen in a break in. Let us know how that works out for you. Source(s): (a)
I'm not sure who the "they" you are referring to contained by your question is. If you mean the insurance companies, "they" don't own to do anything. They day after you "uninsure" everything the bank that you hold your mortgage with will foreclose on your house and the police will impound your vehicle because you are driving without insurance. The average party, even if they saved every penny they could spare, could not save plenty to rebuild their house if it burned down unless they lived in a unbelievably small house or they rebuild it with cheap materials and labor. Plus while I'm sure someone your age may enjoy enough for retirement, the young couple within their late 20's who've been married for a couple of years, own a mortgage and two kids would be screwed if the main income earner was injured within an auto accident and no insurance exists. Or worse yet if one of them died from unconscious causes yet their be no life insurance. Plus hospitals would have to close since not a soul could afford their fees without health insurance.
This post could be dismissed as juvenile ignorance, however someone your age should have a somewhat better ability to look at the big picture.
Related Questions:
Answers:
You're right we don't need insurance and it's a scam. However, I do believe in some insurances such as home and vehicle. I mean those are personal decisions and the rates you can acutally afford...espcially if you can afford to enjoy a car.
As for health insurance it's crazy...and no guarntee they'll retribution out. You'd probably save money paying the doctor or hospital directly than giving it to a 3rd party (who really doesn't want to make a contribution you a dime if you're sick b/c it cuts into their profits). That's why we need National Health Care!!
People have be brainwashed into thinking we need health insurance...truth is if we did adjectives stop paying and demand the gov. give us this (what I assume is FUNDAMENTAL) right then life would be better and more rational. You'd get what you pay for.
Good luck!
Going through hell when making a claim? It depends on what type of claim. A theft claim on homeowners or auto insurance is investigated for any type of fraud because here is so much fraud.
It really depends on what type of claim and what company you have if your doing to have to flip through hoops to acquire your claim paid. Some companies are good at paying their claims and some are horrible.
So, culture looking for a company should find a company that has no problems with paying out their claims. People should never look for the cheapest company out in attendance if they do a horrible job at paying their claims.
Insurance rates walk up to cover inflation. A television bought 10 years ago for $100 will today cost $400. They obviously stipulation to charge you more to insure that.
Insurance companies also take your premiums and invest them: Real Estate, The Stock market, etc. since the bazaar is performing poorly, the insurance companies have less money from here, and will also need to increase premiums for that.
Some companies do really well and are competent to decrease premiums also. So it works both ways. Think GEICO. Source(s): I'm a licensed insurance broker.
They do NOT. It depends on what type of insurance. Life and various auto rates have actually decline.
Gia,
You first. Perhaps we can learn from your experience of paying out of pocket to hold your home repaired after there has be a fire. Or having to rebuild after a tornado. Or replacing the property that be stolen in a break in. Let us know how that works out for you. Source(s): (a)
I'm not sure who the "they" you are referring to contained by your question is. If you mean the insurance companies, "they" don't own to do anything. They day after you "uninsure" everything the bank that you hold your mortgage with will foreclose on your house and the police will impound your vehicle because you are driving without insurance. The average party, even if they saved every penny they could spare, could not save plenty to rebuild their house if it burned down unless they lived in a unbelievably small house or they rebuild it with cheap materials and labor. Plus while I'm sure someone your age may enjoy enough for retirement, the young couple within their late 20's who've been married for a couple of years, own a mortgage and two kids would be screwed if the main income earner was injured within an auto accident and no insurance exists. Or worse yet if one of them died from unconscious causes yet their be no life insurance. Plus hospitals would have to close since not a soul could afford their fees without health insurance.
This post could be dismissed as juvenile ignorance, however someone your age should have a somewhat better ability to look at the big picture.
Related Questions: