 I have no insurance in my job(beer store) if i get lay off(unemployed money)? |
| i have no insurance in my job (part time job) will i get unemployed money if i get lay off??? 5 days a week 4 hours a day $8/... |
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 Do you have life insurance? |
| Is it important to have life insurance or is it another money making scheme based on arousing peoples fear...... |
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 Health Insurance??? |
| I am needing to find a health insurance plan for my family. It will be for my husband & I and our 2 girls. I am looking for something that will cover it all....health, dental, vision....whatever. ... |
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 I own a small business, what are my options in California for affordable health insurance? |
| What I'd really like to know is, if there are some of you out there who own their own business, how much are you paying monthly for health insurance? I need to cover my wife and 2 kids and not ... |
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 Does the homeowner's insurance have to cover the mortgage amount? |
The market value of the house is worth 300K.
The loan amount is of 275K.
The cost to rebuild is 200K.
Would you be required by the mortgage company to get insurance to cover the ... |
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 Who should pay deductable...? |
| Who is responsible for paying the deductible if my car is slammed into by another responsible party?... |
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 Are the Jews to blame for the global financial crisis? |
Without wishing to be controversial or offensive, if we look at what has been happening over the past few years, is there more to it than meets the eye?
These institutions created this ... |
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 I have a complicated question regarding health insurance, read details.? |
| At the beginning of this year I was supposed to receive health insurance through my employer. I can't go into all the details, but in a nutshell, I made numerous calls to my HR rep as well as ... |
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 What can freelancers do for individual health insurance? |
| I have my own little freelance job that I do for cash. I'm not married and not a student, so I find myself without any medical or dental coverage. I'm just looking for coverage for ... |
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 Insurance question.? |
I turn eighteen in Sept.
I wrecked my first car [a Hyundai Elantra] on July 4, 2007.
Now I have a Ford Explorer Sport.
The wreck upped my insurance obviously, but I don't know by ... |
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 Can i cancel life ins. policy and get money? |
| have had policy for 25 yrs. and it is a 25 thousand dollar ... |
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 Whay is it the government feels it has to aid dead beat homeowners? Can't pay morgage? Lose house!? |
| President Bush outlines plan to aid people who may lose their house because they cannot pay their mortgage. Many people actually bought a house they could afford, where is the aid for responsible A... |
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 I am an insurance agent, and I'm trying to find an avenue to write Life Insurance on an 80 year old male? |
Know any companies? Preferrabley a "gauranteed issue" type of deal, I'm not sure his health is so good...
Looking at something around 10k face amount, pretty much just a ... |
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edwinmak133 | How does insurance work? |
how does insurance work |
 |
 
linioara_criss
|
There are all kinds of insurances, but basically you pay an amount of many every month or every year and in case something bad happen you cash the amount of money the insurance company evaluates you can get. From one time of insurance to the other, things can get pretty complicated. I suggest you take a look from time to time to http://www.insurancedictionary.org to clearify your doubts. |
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fcas80
 |
You have a small chance of an accident, but if you have one it could be very expensive.
The insurance company finds many people similar to you, and charges each of you a premium. The company hopes it collected enough money to pay for the few of you who have the accidents. |
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mbrcatz
|
Here's an example. You have 100 people, they all have a house worth $100,000. They decide they want to spread the fire risk around. They know that for every 100 houses, one will have a fire and burn down.
They all put in $1,000. Sure enough, Joe Smith's house burns down. The $100,000 in the pot goes to rebuild his home.
Real insurance is a bit more complicated, as the money collected ALSO has to pay for the insurance company expenses - rent, utilities, salaries, etc; and the insurance companies are allowed to invest the premiums collected, so they make money that way, too. For a while in the 90's, the insurance companies were making more money in the stock market than on the premiums, so they were selling insurance for LESS than the cost to pay claims - the stock market made up the difference - and that's why we saw the huge jump in premiums the past 5 years. |
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efrankdeniro
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Everybody pays for the one who got accident |
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Marianne
|
Insurance is put in place for something that has a risk. For example your health can be at risk so you purchase health insurance and the same can happen for your life. Sorry to be a little gruesome. However, if you are talking about what you can purchase insurance for you must talk about two different types of risk. One type of risk is speculative risk that you have no chance to gain on. That is what you can insure. If you bought a $18,000 car and you drove it off the lot and someone hit it and totaled it you could never expect an insurance company to pay over $18,000 for the car. For example you can't insure something like gambling where you can gain and lose money. |
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floozy_niki
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Insurance is basically built upon the concept of risk pooling. For example, out of every 6000 people who cross the road, 1 will be banged by a car and die. 1 out of 6000. It could be me, you or anybody right? So everybody pays a little bit of money to the insurance company who holds the money for the time being. Once the event happens, the company pays out the money. For a little bit of money, you and your family gets back a lot more money than what you originally put it, it's well worth it. |
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Babi
 |
You make a contarct with an isurance company that they pay for your certain damages if you pay them a monthly fee. Usually you pay much more than necessary, but it's compulsory.
And be careful what sort of contract you make. They don't pay for every damage. You need to make it exact, like car, house, health, catastrophe... etc. |
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Me
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u pay and pay and pay and hardly ever use it, but have to have it. |
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