 I need Health insurance Quick? |
| Does anyone know where I can get health insurance in NY or PA. I dont work and need it quick. I cannot afford it really.... |
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 How do you feel about Insurance Companies? |
| Have you ever had a claim and been glad you had insurance, or have you ever felt that an Insurance Company was less than ethical. If the law did not require you to have insurance, would you still ... |
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 Can i file unemployment after being injured at work and quitting my job? |
| i got robbed and pistol whipped at my job. This happend in jan. 2007 i went back to work in february 2007 then quit in may 2007 because i was too scared to continue. i havent worked since then. can i ... |
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 Paid Family Leave, will my BF qualify? |
I will be 39 weeks tomorrow and was just wondering since my boyfriend and I are not married, will he be able to qualify for paid family leave if he pays into SDI?
Additional Details
He ... |
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 I need family medical/dental insurance, where do people get this if they are self employed? |
| We currently have very good insurance through my husband's work. He is in the process of starting his own business and will be leaving his current job soon. I am very concerned about finding ... |
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 Is it standard procedure for home insurance agents to visit your house before they insure it? |
| I was told by my ex that a home insurance agent was coming to look at the INSIDE of my house. I was under the impression only appraisers came to look at the inside of your home. Do home insurance ... |
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 Does auto insurance really go down when you get married? |
| I have heard that insurance goes down once you get married. Is this true? If it is, how much? Is it significant? Do you have to be married before you turn 25 for this to apply? I have heard so many ... |
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 Should my baby have insurance coverage? |
| I am 34 weeks pregnant. I am on my dad insurance and they are paying 100% for the delivery. They said they will not paying anything for the baby once he is born though. I have been told by some ... |
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 Cheap quote for home contents insurance for tenants in common.? |
| A friend and I have recently purchased a flat together as tenants in common. We only need home contents insurance. Buildings insurance is joint with other flats in the block. Our current quote is Â... |
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 Private Belongings Stolen From Work - will their insurance pay? |
Hi,
my wife has had her place of work broken into over the weekend and a xmas present she'd had delivered to work has been stolen along with other goods (of her employer).
W... |
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 Is the travel insurance from 'Flexi cover direct' any good? |
| I dont know if I can trust a company ive never heard of!... |
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 How do I go to the doctor without my insurance card? |
| My insurance was effective the day I signed up, but I still have not received my card. How do I go to the doctor without it?... |
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 Can a car insurance company change there rate after a policy is paid for in full? |
| Was quoted a rate which was agreed on and paid for in full proof of insurance was sent to my bank and car dealership. However, I had to back out of picking up my new car on sunday because I got a ... |
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 If I have a treatable but possibly fatal disease, and no insurance,will the US health system let me die? |
| I live in South Dakota, from MN. I know MN has state coverage, does anybody know if SD has something similar. I'm worried about my girlfriend's Hyperthyroidism, she needs to see a doctor.... |
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Ladyeve | I need help pleasseeeeeeee!!!!!!!!!!!... |
i doing this business work and it's abt insurance. i hv to find the advantages and disadvantages of Insurance but i can't think of any. pls help me!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1 |
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Jack H
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advantage:
most people couldn't afford to replace expensive items if they were lost/damaged. by buying insurance (at a small % of the cost of the item) they can be guaranteed that if it is lost/damaged it will be replaced.
For example, I buy a £200 ipod. I don't have the cash to buy a new one if it breaks, but if I pay £20 a year I can insure it and get a replacement if it is broken/lost.
Disadvantage:
The risk of something being damaged/destroyed/lost is always a lower percentage that the cost of insuring it is as a fraction of the item cost. In other words, all insurance is a bit of a rip off.
For example, take the £200 ipod insured for £20. This suggests a higher than 1 in 10 risk exists, otherwise I shouldn't insure the ipod - why? - because if I lose/break the ipod only 1 in 20 times, then it's better for me to take the risk that I won't break it, because the insurance is priced higher than it's value (which is, in this example, only £5)
All insurance works on this basis risk spreading basis, however, because it is how the company makes money - by charging more for everyone to insure items than they have to ever pay out when items break |
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mark_harrison_uk2
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The PURPOSE of insurance is to spread risk among lots of people.
It works particularly well in areas where there is a very high chance of nothing going wrong, but when it does go wrong, it's very, very, costly indeed.
The main ADVANTAGE is that insurance lets people do things which have some element of risk, without worrying whether they'd be able to meet all the costs if things went wrong.
Consider, for instance, car insurance.
Most people quite happily drive for years, or tens of years without having an accident.
Supposing that we didn't have car insurance. Now supposing that Adam drove into Barbara, a pedestrian, and crippled her so she was no longer able to work. The "accident" was clearly Adam's fault - he wasn't paying attention and driving too fast, and didn't see that the lights had gone red at a pedestrian crossing, and Barbara was trying to cross.
If we didn't have car insurance, one of three things would happen:
- Adam would have to work for the rest of his life to support Barbara and her family, because he had taken away her ability to earn. (Adam pays)
- Barbara would have to take the entire hit, lose her job, and not get any compensation. (Barbara pays)
- The taxpayer would have to look after Barbara for the rest of her life (We all pay.)
What car insurance does is provide a mechanism where "The Drivers Pay", whether they've had an accident or not. It's arranged so that drivers who are more likely to have accidents pay more, and drivers who are safter pay less (not perfectly, but reasonably well up to a point.)
As a result, Adam can drive to work without needing to save up £5,000,000 in cash as a "lump sum" in case he hit someone. (Oh, and if he DOES hit someone, is far more likely to stop and help rather than doing a runner, because he might get 3 points on the licence, but not have his house taken away by Barbara's lawyers!)
The main DISADVANTAGE is that this risk spreading costs a lot of money to administer. Hundreds of thousands of people are employed selling, and processing insurance, rather than doing stuff that "created wealth" rather than "spreading wealth around." ...
... with a secondary disadvantage that some people will spend their entire lives paying for insurance, and never making a claim. (Structural insurance on houses is an extreme example of this - I only know ONE person who has ever had to claim... contents insurance is a different matter!) |
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Alan N
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With insurance, you spread the risk of your insured item with lots of people, so nobody pays a real high rate. Insurance spreads a risk over a lot of people so as to make it affordable to insure a risk. For example, if 1,000 people insure their house against fire and each pay $100 a year, and one person's $100,000 home burns down, then each person's premium goes to help rebuild the house that burned. Therefore, the insurance gives peace of mind against horrific catastrophes.
A disadvantage is the money you have to pay, even if you don't have any claims. |
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confucious says
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the advantage if you are in accident the insurance will pay for a new car or repair it
the disadvantage is it costs you money |
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ANF
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Insurance covers you for the unexpected and the unwanted. For example, If you break a window, have a fire, have a flood, damage your car, fall over an unseen obstacle in fact have any one of thousands of accidents then the insurance company wil either pay all or assist in the payment to either restore your property be it house or car, restore your body in the case of injury. Insurance will compensate you if you are injured on another persons premises and so on. All these thing are dependent on the person you are claiming from is insured and has payed the annual charges for that insurance. In the case of your own property then you must make those payments. The two downsides that I can think of are that the insurance cost money every month or year and you may never have cause to claim. I personally have spent over the years about £20000 on home and contents insurance and have only had very minor claims totalling about £800 in the time I have been paying. Also if one does claim then the price you pay will increase the following year and in the case of flooding as some experienced for the first time in 2007, the premiums increase to very high levels if you are found to now be at risk of flooding. If a visitor to your house trips over an uneven pathway they are at liberty to claim any damages from you and if you are not insured the damages will come from your own pocket. If insured the Insurance Company will pay.
Hope this helps and I am sure you will get some other answers to add to what I have given. |
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hottotrot1_usa
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Insurance spreads out the risk of accidents, storms, and disasters. Let's say that I have insurance and my office burns down in a big fire. The insurance company will pay for rebuilding and getting new computers and getting going again. If it weren't for the insurance payments, I'd be out of business because the cost of the fire and recovery from the fire would be too much for me to pay. |
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ROBERT S
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advantages if anything get damaged its insured
disadvantages if there is a excess of £50 or so it will pay not to claim from insurance if the item is only worth the excess |
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London.G. boy
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the advantage is the thought of being part of a savings skim that benefits one twice or three times what one contribute...the disadvantage is knowing that u can get ur contribution back by no other means, except in an accident that's been agreed in the bonding contract ... |
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