 How long can you go without paying your monthly health insurance bill on time? |
| I will need to pay my Blue Cross Blue Shield monthy insurance bill Friday but I was hoping I could go another week until i get paid again then i coudl pay it off. I just hope I am not penalized.... |
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| Hey, I've broke my laptop and I think I cam claim on my house insurance, do they replace the laptop with something similar or will they let me choose something that is the same price as my ... |
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| i m asking abt AIG amarica.... |
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 Do you have to file an insurance claim if the person on your own policy vandalized your car ? |
| To start off my vehicle is under me and my ex's name. I have an insurance policy with my car and his car in the policy. So last night my ex completly went psycho and smashed my front car window ... |
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| Travel insurance? |
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| I am 19 years old and in college, my dentist is threatening to turn my account over to collections after sending me a bill over a year ago. When I asked about getting crowns he told me that my ... |
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 I think our house insurance is expensive, want to change using comparison site England what is important to? |
if i use a comparison site to change our house insurance what is a good way to do this, the main reason being to try to cut down on our monthly out goings
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Joe | I paid nearly £2000 for my car insurance last year. why dont i get any of that money back at the end of year ? |
why dont i get some of it back did i only pay that £2000 for a few sheets of paper and an envelope ?
Additional Details
i didnt have any accident or make any claim should i be getting some of it back |
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mbrcatz
|
Ever buy a lottery ticket, and have it "not win"? Ever get any money back from that?
You don't get refunded if you don't use insurance - that money goes to pay off the claims for people that DID use insurance.
Insurance is like gambling. You're betting something is going to happen, the insurance company is betting it won't. You don't get your money back AFTER the game, when you lose your bet. |
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need_2shop
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no you're not paying it for a piece of paper as you call it, you are buying protection in case something happens, like theft, fire, accident. |
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Gambit
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First, insurance and gambling should not be used in the same conversation since they do not follow the same priniciples.
Second if you think all you get is a few sheets of paper and an envelope for what you pay, maybe you should read what's on the paper to fully appreciate what it si you are buying.
Insurance is a pooling of resources so that members of the pool who are looking to protect something or someone can share losses amongst the members so that no one person has to shoulder the burden of a loss alone. If members of the pool demand their money back at the end of the term because they claimed nothing then there will not enough money in the pool to pay anticipated claims therefore two things will happen: 1) claims will be paid until the pool is depleted, then no further claims can be paid; 2) premiums skyrocket in order to keep the pool solvent. While insurers require members to pay more for being a higher risk, it all depends on the solvency of the pool from which they draw from to pay claims. |
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jezza1764
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You don't get insurance back, thats how they make their money. they are obliged to pay for accidents that you have, possibly up to a certain price, but often in big accidents it will cost more than the 2000 you've already paid them.
By making you pay lots, they can ensure that they can definitely pay for somebody elses screwup, its how it works! |
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Bethany M
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The thing you paid for was peace of mind. When you have insurance, you don't have to drive around scared to death that you're going to mess up and hit someone. You had the peace of mind in knowing that if you messed up, it's ok...because you were covered. THAT'S why people pay insurance and don't get anything back. You didn't get jipped because your company was ready and willing to pay at any time during your policy period if you would have caused an accident. |
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MSAD
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Insurance is a financial product - it's not like purchasing a pair of shoes.
You don't purchase an envelope and paper. You purchase a promise. A promise that the insurance company will pay for any damage to your property and for any liability you are responsible for (up to your policy limit). The insurance company kept their promise. They were ready to handle a claim in the event that one was filed. They honored their promise.
Some folks think of insurance like gambling -- You pay for a policy - if you don't have a claim - the insurance company keeps the money (and wins)
If you have a claim - the insurance company pays out to for the claim (and you win - if you consider having a wreck a win)
Once the lottery drawing has been had - you don't get your money back for the ticket if you number was not drawn. |
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