Deafilmedia

Do we really need insurance?

Life insurance, why can't we just be cremated?
Who need a $100,000 worth of funeral?

Health insurance, why can't we just pay out of our pocket, health
insurance won't pay for our medical anyway.

House insurance, why can't the government help us out?

Car insurance, my mom paid $1,000 annually for 15 years...
and the old car got totaled and we only get $4,000.
That isn't fair.

I feel insurance companies rip us off.

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Deafness

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Reba

Life insurance doesn't cover just the funeral. It provides support for the dependents that are left behind.

For routine medical expenses, paying out of pocket is OK. But for catastrophic injuries and illnesses insurance is necessary.

Why should the taxpayers do that?

Homeowners and renters need to insurance their homes and belongings. If they don't, then they can lose everything in a disaster.

Also, homeowners need to carry liability insurance in case someone is hurt on their premises.

Of course it's fair if that was the book value of the car. If her car was 15 years old, then I would say that $4,000 was probably more than fair.

Car insurance doesn't just protect the car. It protects the people who are involved in accidents, too.

Maybe you need to do a little more research so you can make more educated choices so you won't get ripped off.

diehardbiker

Life insurance, don't forget the rest of expenses paid after one's death, the next of kin will always be responsible for debts and leftover taxes left by deceased.

Health insurance, if you got cancer and don't have insurance, good luck trying to get help with treatment, limited insurance or no insurance means no comfort for pain and suffering except life threating treatment necessary.

House Insurance covers more than gov't would assist.
This reminds me of one my friend who had her rental home on fire, and she was found at fault, the insurance company that paid for the damage on building though landlord sued her for 54 thousands of dollars damage, ain't that funny? And if she died, next of kin would have to deal with this 54 thousand dollars lawsuit.

Car insurance covers more than just car itself, suppose idiot run in front of you and you were driving 30 mph, and send this sucker into hospital, you are liable for sucker's medical expenses. This can worth more than what you would have paid for car insurance itself.

If you think you can save $ by gambling em, we wish you lots of luck.

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Reba

Correct, except about the next of kin being responsible for the debts of the deceased. That's not always the case. For example, if the deceased leaves behind unpaid credit cards accounts, the heirs are not responsible for them unless they were co-signers or joint account holders. Same rule for medical bills. Heirs are only responsible if they signed for the medical expenses. When my parents died their bills were just written off as losses to their creditors. Their debts didn't effect their insurance or Social Security payments to their heirs.

If your friend had died her next of kin wouldn't be responsible for her lawsuit unless they were some how responsible for the fire. If there was a judgment against her before she died, then maybe there would be a claim against her estate but only her estate. The property of her next of kin couldn't be touched. If she died before the case was decided, her next of kin wouldn't be involved; they weren't party to the suit.

But I agree that insurance is a very necessary evil. My Hubby has to carry a minimum $1 million insurance for his one-man business, and I have malpractice insurance as an interpreter. It's a crazy world.

deafskeptic

Please see the answers that I've given you. They're marked as red so you know which ones are my answers.

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Left ear implanted with Med-El on April 24 2007.
Activated on May 9th.