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 Posted: Sat Sep 08, 2007 6:30 pm Post subject: "Insurance poor" |
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Have you ever heard the saying "Insurance poor"? Well thats me, I have insurance for everything even renters insurance. I live in an apartment and this insurance covers my belongings in the apartment, right down to the lost sock in the drawer.
Car insurance, life insurance, medical insurance, dental insurance, hospital insurance, If it can be insured then I must have it insured. So with all the money paid out for insurance I'm called "insurance poor" because that's where my money goes. My car insurance is the highest $198 per month. Medical insurance is $188 per month, Dental insurance is least at $14 per month. |
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liaoyu03
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Joined: 08 Sep 2007
Posts: 64
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| Posted: Wed Sep 12, 2007 1:07 pm Post subject: |
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| I think most of responsible America would consider themselves ''insurance poor''. Until a loss occurs and they are paid 10-100 times the premiums they have paid to cover the loss. Remember insurance is one of the few things we purchase, in anticipation of disaster or loss. You are not alone friend, I'm also insurance poor, but would much rather have the coverages and not need them instead of needing the protection and not having it. Try and think of it that way and it may make, 'the pill easier to swallow'...... |
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Lori
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Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
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| Posted: Sun Sep 23, 2007 2:05 am Post subject: |
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| I dont even want to sit down and calculate ho much I am paying for all these insurances. It is probably half of my paycheck. But what can you do? You cant drive legally without insirance, you cant get medication... Its just something that you have to pay for. To me its money in the garbage. |
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smilenyc07
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Joined: 16 Sep 2007
Posts: 46
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| Posted: Sun Oct 07, 2007 12:40 am Post subject: |
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You need insurance, and it looks like you're well covered. Note that a lot of people have too much coverage or are paying high premiums for various reasons. If you think you're paying too much to be insurance poor , take some time to shop around or ask an independant insurance agent for advice.
Contact me if you need a good place to get insurance quotes.
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MichaelS
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Joined: 02 Oct 2007
Posts: 13
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| Posted: Mon Oct 08, 2007 4:16 pm Post subject: |
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Welcome to the Community Michael  Don't worry about responding to "Lifes" posts. They were just someone posting junk posts to gain points quickly and was banned.
We look forward to getting to know you and sharing you knowledge!!..Karen |
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Bossy4455
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Joined: 01 Sep 2007
Posts: 102
Location: Okla.
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| Posted: Mon Oct 12, 2009 11:44 pm Post subject: |
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I don't have insurance. I make minimum wage. I'm not irresponsible. I just too poor to even have the cheapest insurance you have. LOL At least you are just insurance poor and not actually poor.
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anonymouse
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| Posted: Mon Oct 12, 2009 11:45 pm Post subject: |
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I don't have insurance. I make minimum wage. I'm not irresponsible. I just too poor to even have the cheapest insurance you have. LOL At least you are just insurance poor and not actually poor.
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anonymouse
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| Posted: Tue Dec 22, 2009 11:26 pm Post subject: |
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I'm an agent in Oregon, and it is true many Americans are insurance poor, take me for instance... I see the damage no insurance can do to an individuals finances. But insurance has it's purpose, you might be surprised at what your insurance actually covers. The insurance product that I feel is most important to have is life insurance, If you get it young then you can feel comfortable knowing that while you are building your wealth you have a solid 10/20/30 year term policy for 250,000 for pennies on the dollar.
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Bykerk Insurance Agency
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| Posted: Wed Dec 23, 2009 3:27 am Post subject: |
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| Funny, you mention all these types of insurance you mention having, but I didn't see life and disability. |
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BNTRS
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Joined: 05 Nov 2009
Posts: 824
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| Posted: Sat Jul 30, 2011 5:46 pm Post subject: high awareness of ins products |
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I dnt doubt u since it's america, its rily an advance country. Truely pple doesnt go out of their house wtout insurance cover.in nigeria here d economy is nt wel managed thus there s low per capital incomeI dnt doubt u since it's america, its rily an advance country. Truely pple doesnt go out of their house wtout insurance cover.in nigeria here d economy is nt wel managed thus there s low per capital income
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Emmymentor
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| Posted: Sat Aug 06, 2011 3:16 pm Post subject: health insurance poor |
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insurance is used to protect against a loss, that's the problem with health insurance, everyone uses it, so the price keeps going up, making us... you guessed it, insurance poor!
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COBRAHEATHDOTCOM
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| Posted: Sun Aug 07, 2011 3:11 pm Post subject: |
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| Quote: | | that's the problem with health insurance, everyone uses it, so the price keeps going up, making us... you guessed it, insurance poor! |
You'd be much poorer if you had no health insurance and had the occasion to be hospitalized in need of surgery or treatment for cancer.
It's not the use of health insurance that drives the cost, it's the ever increasing cost of care . . . driven mostly by GOVERNMENT INTERFERENCE with a capitalistic economy that is to blame. Since Medicare and Medicaid pay hospitals and doctors pennies on the dollar for their services, hospitals and doctors charge others, with or without insurance, more in an effort to make up the difference.
Insurance companies are in business to make money. They maintain their profitability, in the face of increasing costs, by raising the cost of insurance. You wouldn't want it any other way if you actually understood this concept. You wouldn't want to do business with an unprofitable insurance company, because when it came time to pay your claim, there would be no money. Even though you had paid your premium.
If you bought into the idea that Obamacare will lower the cost of health insurance, you are a fool. If not dramatically altered in the next two years, come 2014, the "sword" will fall on the necks of Americans across the country. One of two things will happen: the cost of health insurance will begin to skyrocket and/or the commercial health insurance industry will evaporate, leaving us with a "single payer" system the Democrats were unable to cram down our throats in 2009-2010.
When the government is the only source of your health care, you'll wish you had a private insurance option, because the government has not shown the ability to do anything profitably.
As is now becoming apparent to most Americans as they watched Congress dodge the debt-ceiling limit in the last week, in the past three years, since Obama's election, Congress has failed to actually present and pass a budget. Few observers believe they even came up with some kind of long term solution. How can you expect them to run, let alone fund, a health care system?
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California-licensed Property & Casualty Broker-Agent and Life & Health Agent. CA Insurance License #0596197. Send me your questions, and I'll send you my answers. I live, breathe, and teach insurance! |
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MaxHerr
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