 Does hommeowner's insurance cover burglary loss? |
| If someone's house gets broken into and items such as jewelery, clothes and money stolen would the insurance cover the loss? I was wondering due to Paris Hilton getting $1.5 mil of her jewelery ... |
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 Waanna to invest in insurance know best plan? |
| i will try to make u best plan and what the max commission u can ... |
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 Why did AIG almost go bancrupt? |
I understand why it would happen to a bank but why an insurance company?
Im doing a high school project on AIG and why to invest in them...
BTW does anyone know AIG's market share?
... |
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 Applying for Disability Insurance? |
| I came down ill with pnemounia and I've been unable to work for over 2 weeks or more. I was told that I have pnemounia in both lungs, from my doctor, plus I already have ashtma and a disease ... |
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 Do I contact police or insurance company? |
| I was parked in a parking lot and the car next to me hit my door. They had a small child in the back seat who was a little overzealous to get out and put a nasty dent in the car. I came out and was ... |
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 Group Policy number for insurance? |
| I don't have insurance so in order to join my swim team i needed to get it. my school suggested UnitedHealthCare. i filled out the form getting the cheapest one and sent it on thursday, i haven&#... |
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 Howcan i get free help to pay for spine surgery , no insurance unable to pay can some one help me? |
| my sister is very poor has no insurance unable to work due to a surgery she needs for spine , this state will not give medical card she has appied for s.s.i has not been approved yet i aafraid she is ... |
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 Must I pay? How long can an insurance co charge you for a policy you didn't want, but automatically renewed? |
| This year I paid off the mortgage on my house. I put the house up for sale, and I decided that after the homeowners insurance would expire, I'd risk going without renewing it, since I never ... |
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 What type of insurance should I buy to pay for my funeral expense? |
| I am single. I do not make enough money to be able to save for my funeral. When I save money some emergency always comes along to take it. I do not want my family to have to pay for my funeral ... |
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 Can anyone other than named beneficiary collect on life insurance policy? I live in Texas? |
| This is the senenario. My girlfriend purchased a life insurance policy and named her boyfriend as sole beneficiary. She is still legally married, however seperated. If both, the boyfriend and the ... |
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 Not a listed driver on insurance policy I got into an accident what to do? |
| I live in the NY. I was Involved in a accident and hit a bicyclist. I'm 100% not at fault the police report & and street witnesses back me. The bicyclist is now suing my brothers ... |
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 Does PMI help your spouse with mortgage payments in case you die? |
| This is the scenario. A family buys a house, pays PMI for 2 years, the husband dies, the wife cannot afforf the mortgage, does PMI help?... |
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 Who do i claim off? |
| afrter the bad winds we were left without electricity for 31 hrs who do i claim off insurance company or united ... |
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 I have health insurance and my wife doesn't and we are having a baby how those insurance work? |
| i have health insurance through my job and my wife is supposedly not eligible because she those not have a social security number regarding my child, how those it work? can she receive anything ... |
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| Endowment policy advice needed? |
| I have an endowment policy that is due to mature in 2013. There is no mortgage linked to this policy and I have been using it as a savings plan. The life insurance element of the policy is no good ... |
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 What is it when a person is bonded and how does someone become bonded ? also how much does it cost? |
CAN A INDIVIDUAL BECOME BONDED FOR DOING ODD JOBS? FOR HELPING PEOPLE OR BUSINESSES WITH VARIOUS ODD JOBS. SOME DAILY , SOME WEEKLY JOBS
OR TASKS BUT ALL TEMPORARY .
BONDED AGAINST THEFT <... |
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Neither Republican nor Democrat | I'm studying to become an insurance agent. My study book says the following: ....? |
My study book says the following: "It's important to remember that insurance is a BUSINESS. Some people think of insurance as a service that helps people in times of need. Insurance companies operate to produce a PROFIT. Therefore, they want to collect more in premiums than they pay out in claims." Seriously - this is what it says.
Who do you think the insurance companies in the USA are going to care for: the insured or the insurance company? |
 |
 
mbrcatz
|
Both. If they don't care for their bottom line this year, they won't be around to care for the insured next year.
You can't seperate the two.
Companies that don't worry about their bottom line (all companies, not just insurance companies) are called, "Out Of Business".
FWIW, keep in mind that insurance companies pay out in claims, for each dollar taken in:
health - $.99
Homeowners - $.80
auto - $1.15
workers comp - $1.25
So you're NOT looking at huge profits here. Oh, and to compare, government health care - medicaid - pays out about $6 for every $1 taken in, in premiums (the taxpayers subsidize it), but about 80% of it is administrative costs. Private insurers pay closer to 27% in administrative costs. |
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Queen B
 |
seriously, are you in disbelief about that? did you think insurance companies were NOT profit? that they just handed out money for no reason? of course they are a business, and like any other business, they WANT to make money and KEEP it. Maybe you should research the job your trying to get into BEFORE you get into it. |
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Thomas B
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This is an easy one lol. Any business stays in business by making a profit. They have to pay their employees, their lawyers, and their creditors. An insurance company spends billions of dollars per year in claims, a lot of them bogus, and they could not do this just by caring about individuals. After all why would you be charged premiums if they were just going to give the money away. Oh but wait where would they get the money to give away? |
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aaron p
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Let's say that it was a service to help people....
It wouldn't be around very long to help folks if it didn't operate at a profit. You can make a profit and still have a social conscience. That sounds like what you want to do. |
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Joshua
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The insurance company is number one!
And your job as a producer is to represent the company, NOT the 'insured'. |
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jmaat1
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Insurance company obviously.
This is why I've been advocating national plans for things like the health of our citizens. I understand insurance for nice tangible items like valuables and such. But unfortunately democracy (U.S.) promises the right to vote but gives no rights on health.
People should not have to worry about basic health expenses. thank you for your posting. |
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