Posted: Sat Sep 08, 2007 6:10 pm Post subject: Insurance do you really need it or not?
Insurance do you really need it or not?
i think it depends on the insurance. If you are looking at house, car, or health insurance I would say definitely yes. If you have a fire in your house, wreck your care, or have health problems these can help you from losing everything. I think life insurance can be important if you have a family so that they can be provided for if anything happens to you. Any other insurance is up to you.
I think most folks, unless very wealthy (and perhaps them even more) need insurance. Not only to protect the 'covered' property such as vehicle, boat, home, but even more important to protect your assets, (bank accounts, risk of never having an entire paycheck again, thru garnishments). If you don't have auto insurance for example, and cause an accident injuring people and of course the vehicle damage, then you personally will have to pay for ALL of the damages you became responsible for thru your negligence. Claims can easily run into the tens-hundreds of thousands of dollars. In that respect if for no other reason, insurance is something most people should have.
YES....for both general and life. It's just like a blanket for us in cold season. Especially for life insurance, it is our long term saving goals for those who knows about the benefits from saving attitude.
Okay, I'm confused. Whether or not someone "needs" liability (car, home, boat, airplane, chicken ranch, etc.) insurance is irrelevant if it is required by law. Ask a local police officer if he/she thinks a person "needs" auto coverage to drive a car in the United States and see what is said. Life, health, DI is up to the individual and good points can be made for either side of the "needs" question. I've written a number of articles on this that can be seen at www.markcolbert.com
Posted: Thu Nov 01, 2007 4:36 pm Post subject: YES......... a must
I think most folks, need insurance and that to life insurance is a must as it help them to recover from the immediate losses quickly and more efficiently so in my views life insurance is a must and one should definetly go for it .....!
These days, where life has become so fast paced, insurance has become a necessity. It is most definitely not just a luxury anymore. Every individual should have an insurance policy. Having a life insurance policy is certainly essential. Such a policy will prove to be a great help to them when they or their close family members fall ill or meet with an accident. In order to be able to bear the costs, such people will require external help. And this is exactly what the insurance companies are here for. In some cases, the company will reimburse the costs incurred, whereas in others, they will provide support right away without any delay. Insurance companies are among the safety nets that one should be able to fall back on in times of need and when sudden accidents cause chaos in one's life.
Although life insurance is really important nowadays, I honestly don't have it yet. I currently have health insurance for I know that might get sick. I will just get life insurance when I have a family of my own wherein they are dependent on me. But right now that I am single, I think its not a necessity for me because nobody is depending on me yet.
Since my unit was on ground floor and was NOT INSURED, I lost everything in one day.
Man, that's nasty, I did a search and it said that the water was 3 feet deep. My sympathies.
Insurance is always a good thing to have, yes it sucks to pay it, yes it sucks when nothing happens, but at least you can sleep at night knowing theres something to fall back on.
It's always worth taking out insurance, even if you think you don't need it. Always remember that anything can happen. A landlord I know lost one of his properties due to fire, and he didn't have anything covering it. _________________ I have a new personal crusade. I'm going to hunt down the people who have strong opinions on subjects they don't understand. Then I'll bop them with this cardboard tube.- Dogbert
I ain't a legal expert, take what I say with a grain of salt.
I went 43 years, 4 months, 6 days, 3 hours, 15 minutes and some number of seconds without needing any insurance. Then I needed about $300,000.00 worth and could have really used A LOT more cash-to-you indemnity.
You don't need insurance, until you need it. Then all you have is all you get. _________________ Mr. Steven Glenn Liggett Indemnity-Income.com
Well, I think if you can aford it ,you need to have insurance on everything ,health, cars, life, home.You can never have enough.BUT, and thats a big but, who can aford them all.If we bought all of them thats all some of us would be working to pay for, me included.Now with the price of gas and insurance together it takes a chunk out of your pay. I did heard the rates are going down in our area.Although I have not see it.
Wether you need it or not, if you are going to drive then you need car insurance to protect yourself, your belongings and the others out there on the road or someone who might be with you, you just never know what will happen.
Homeowners/fire insurance, just common sense, where will you live if your home is lost.
I think the most over looked it the life insurance, people just don't think about leaving this great earth anytime soon. They don't think about what is left behind and the headaches that bills and such can leave their loved ones in. This type of insurance definately needs some more attention here.
The one most in the public eye is medical/health insurance, this is even subject in presidential debate. I don't know what the answers are, and am not even going to venture in that directions.
It all cost money, and it takes some prioritizing, and some people just have their priorities all messed up, some people simply can not afford it, everybodies situation is unique to themselves and we can't take care of all problems.
This is a great thread, I hope it continues in the direction it is going.
