How does insurance contained by broad work?
and what are some of the rules of finanace for insurance?
Answers: Insurance is a way for many citizens to put small amounts of money into a into a bucket (the insurance company) that will provide money back to those members(policy owners) in call for.
Without insurance when someones house burned down they would be financially ruined. Without insurance what would happen if you wrecked your brand new saloon? It is impossible for people to save plenty money to deal with adjectives the potential hazards. Bill Gates has ample money to buy as many homes as he wants, but I can bet ya he have homeowners, life health and sports car insurance and even other insurance most people never heard of.
Tootsie3 make no sense, if you think insurance is a rip off why buy it? Insurance is intended to protect you against a loss. I don't know in the region of you but I don't want a loss just so I can feel devout about the money I spent on insurance. Gee my house burned down, now I really get my moneys worth out of the insurance. Hey I haver cancer whoopie!
Many insurance companies are run as mutuals, this means any profits are returned to the policy holders.
You may find this interesting.
http://en.wikipedia.org/wiki/Insurance
Everybody gives them over 1 million dollars over a energy time, and a few collect back on it.. like, I am 48 years feeble, since the age of 18, including car, health, and house insurance, and after hundreds of thousands of dollars I hold given them, I have had one claim of $2000 for a house fire.. gees.. I am gonna become an insurance rep.. haha Insurance used to be flawless protection, now it is just a money marketplace, another way to take from the poor while the rich catch richer.. Insurance is effectively you betting against the insurance company, whether something will go wrong or not. The conditions are defined in the policy, your bet is your premium, their bet is the policy hold back.
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Answers: Insurance is a way for many citizens to put small amounts of money into a into a bucket (the insurance company) that will provide money back to those members(policy owners) in call for.
Without insurance when someones house burned down they would be financially ruined. Without insurance what would happen if you wrecked your brand new saloon? It is impossible for people to save plenty money to deal with adjectives the potential hazards. Bill Gates has ample money to buy as many homes as he wants, but I can bet ya he have homeowners, life health and sports car insurance and even other insurance most people never heard of.
Tootsie3 make no sense, if you think insurance is a rip off why buy it? Insurance is intended to protect you against a loss. I don't know in the region of you but I don't want a loss just so I can feel devout about the money I spent on insurance. Gee my house burned down, now I really get my moneys worth out of the insurance. Hey I haver cancer whoopie!
Many insurance companies are run as mutuals, this means any profits are returned to the policy holders.
You may find this interesting.
http://en.wikipedia.org/wiki/Insurance
Everybody gives them over 1 million dollars over a energy time, and a few collect back on it.. like, I am 48 years feeble, since the age of 18, including car, health, and house insurance, and after hundreds of thousands of dollars I hold given them, I have had one claim of $2000 for a house fire.. gees.. I am gonna become an insurance rep.. haha Insurance used to be flawless protection, now it is just a money marketplace, another way to take from the poor while the rich catch richer.. Insurance is effectively you betting against the insurance company, whether something will go wrong or not. The conditions are defined in the policy, your bet is your premium, their bet is the policy hold back.