Insurance

It depends on what line of insurance you are talking about and the market in which the insurance company operates, some markets are strictly regulated and it's very difficult for the insurance company to make a profit on lines like auto insurance. For instance, I know that auto insurance companies in my state are lucky to make one penny of profit from every $1 of premium, the rest goes in overhead and payments. Their money actually comes more from investments than premiums collected but not paid out. It's hard to pay for insurance, but it isn't always because the insurance company is gouging, sometimes the market just doesn't allow for better and more competitive pricing.

i dont have any but i wouldnt mind a mood insurance. apple.

Excellent point. This is insurance for everything. You need an extra part time job just to pay for basics. Add up all the money you have spent on insurance that you have never used. It is mind boggling.

I have three of them. Every person have atleast one,surely Insurance companies have to be among the wealthiest people in the world.

Insurance companies are very rich, but they are not even close to Christian Churches. Insurance companies do have payouts, (like Katrina) but the church has Very few. In fact they are not above allowing some of their parishioners to starve for lack of food. And the church insists on donations every sunday and from everyone. This has been going on for 2000 yrs. Much longer than insurance has been around. However with the publicity surrounding child molestations the church has been forced into civil settlements anmmounting to billions of dollars. This has taken some cream off the top, but has not even made a dint in the treasury! There are artifacts stored in the Vatican that are priceless. Some of these are spoils of war going back 2 centuries. I've never liked insurance either, but the church is detested even more!

I have life, health, auto, dental, vision, and sometime rental insurance. It is hard to keep up with them all and at times when nothing happens for years, I know I began to think of all the money I put into it and I couldv'e used it for something else. should we be forced to have insurance. I guess it is good though when life's unexpected things happen.

we have car insurance home insurance and life insurance , only ever claimed on one and that was the car insurance a few years ago , I had sat with my aunt for 2 days as she lay dying and I hit the gate on the way in , It was understandable as I was exhausted but it made me start to cry and that was a good thing xxx

Okay, we have life insurance, health insurance (which includes doctors, hospitals, dental and vision), homeowner's insurance (both fire and windstorm), don't need flood insurance or burial insurance (going to be cremated...LOL), and car insurance. The cost of our fire and windstorm insurance is so high here in Florida that we are seriously considering moving to Georgia to be near my son and his family. Don't even get me started on the cost of property taxes here in Florida...I'll never shut up!

I only have medical and dental insurance. I can't afford any other insurance. I am not driving now so I don't need auto insurance.

In the state of Massachusetts as of earlier this spring;ALL residence are REQUIRED BY LAW to carry health insurance.GEE,I wonder what lobbyist got that legislation past.I suppose we can go without eating or a roof over our heads as long as we have Health Insurance right?

I have health, car and life insurance. I see insurances as a gamble, but a necessary one in many cases.

Good gravy, maybe I should go into the insurance business..lol..I have health, and renters insurance right now. I can't afford anything else.

i really cant afford any insurance. there are not any companies that we believe anyone. but these days my friend is join a insurance company. hope so he will help me in life insurance.

Well insurance is what ..a future investment isnt it? oh these companies do come up with so many types but we should sensibly decide on what is best for us rather than investing in every type.i dont think its wise to invest in all of them.well i have only one..

hi sweetie, in our country the some names are different but that doesn't stop them from having horades of them. I know ppl who have almost all. infact my father , being a very systenmatic (sometimes overdoing it)person has coverage for almost all!! However, i have only health insurance and a couple of life insurances and that's all. i invest some in stocks, just for the tax exemption thing. Have a great day.

The only insurance we have is renter's insurance b/c we have a waterbed and a cat. It also covers us for fire, flood or burglery. We don't have health insurance though Hubby has VA...we don't have life insurance and since neither of us drive we don't have car insurance. Hubby's burial is mostly covered by VA. We probably need health and burial for me and life for both of us but that takes extra money that we just don't have for it right now. AT PEACE WITHIN

I do not have many insurances. You are right in saying that insurance companies are increasing in number. But they are doing nothing but good people. There should be awareness for insurance among people. I feel that there is still not enough of awareness among people about insurance. Only 4 to 5 perccent of the world population have really got insurance!