Poll of the Day > people really think their insurance covers everything

(+) Yeah! (+)

they really do
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What does it cover?
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Action53 posted...

What does it cover?

read your policy! :D
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Action53 posted...

What does it cover?

As little as possible.
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Jen0125 posted...

Action53 posted...

What does it cover?

read your policy! :D

and ask questions about the stuff you don't understand.

I mean... as much my car insurance costs I really feel I should get a happy ending at least once or twice in my policy period. And I've got zero accidents or tickets on my record

Jen0125 posted...

Action53 posted...

What does it cover?

read your policy! :D

Oh, I do.

Salesmen get nervous because I take my time reading the fine print before I sign anything. And the more they talk as I read, the more bullshit the deal usually is
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dragon504 posted...

Action53 posted...

What does it cover?

As little as possible.

And they'll do everything they can to not cover what they're supposed to, too.

Action53 posted...

Jen0125 posted...

Action53 posted...

What does it cover?

read your policy! :D

Oh, I do.

Salesmen get nervous because I take my time reading the fine print before I sign anything. And the more they talk as I read, the more bullshit the deal usually is

Don't trust insurance agents would be my second tip. I spent close to ten years investigating sales complaints for an insurance company and some of the stuff they did was insane. (as well as criminal)

Insurance is crap anyway so can you blame them
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Action53 posted...

Jen0125 posted...

Action53 posted...

What does it cover?

read your policy! :D

Oh, I do.

Salesmen get nervous because I take my time reading the fine print before I sign anything. And the more they talk as I read, the more bullshit the deal usually is

There's not really fine print with policies that aren't life insurance. The terms are pretty clearly defined, literally. There are pages of definitions to explain your coverage and potential exclusions.

rjsilverthorn posted...

Action53 posted...

Jen0125 posted...

Action53 posted...

What does it cover?

read your policy! :D

Oh, I do.

Salesmen get nervous because I take my time reading the fine print before I sign anything. And the more they talk as I read, the more bullshit the deal usually is

Don't trust insurance agents would be my second tip. I spent close to ten years investigating sales complaints for an insurance company and some of the stuff they did was insane. (as well as criminal)

I really agree. I think insurance agents should be done away with. They don't actually ask you in depth questions to gauge what coverage you need. That means sometimes you aren't adequately insured and sometimes you're over insured.
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Jen0125 posted...

I really agree. I think insurance agents should be done away with. They don't actually ask you in depth questions to gauge what coverage you need. That means sometimes you aren't adequately insured and sometimes you're over insured.

I investigated life insurance and pretty much everyone there was over insured because agents were compensated based on the face value of the new business they generated, so there was literally no incentive for them to do anything other than sell the largest policy they possibly could.

It's almost as if insurance in all forms is a huge scam that we for some reason still allow to happen.
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SmokeMassTree posted...

It's almost as if insurance in all forms is a huge scam that we for some reason still allow to happen.

Yeah tell that to people who get slammed with million dollar judgments that their policies will pay out if they have appropriate limits.
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What if I drop my pizza on the way home though
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it probably won't meet your homeowners or renters insurance deductible so that will be an exposure you will have to absorb.

unless it was like a really really really expensive pizza

like with truffles and stuff
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Mead posted...

What if I drop my pizza on the way home though

http://www.thetruthaboutinsurance.com/dominos-pizza-is-offering-carryout-insurance/
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Most insurance is a ripoff. I wish #MURICA would quit shoving mandatory insurance down our fucking throats. They realized they could make more money that way. Some of us are really cautious people and good savers.

Insurance costs me more than I could just save for it. Health insurance is hilarious too. We're in the business of treating illness, not preventing it in the first place. This world could be so much more beautiful but greed ruins it. Not even talking about capitalism/socialism specifically.
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Jen0125 posted...

it probably won't meet your homeowners or renters insurance deductible so that will be an exposure you will have to absorb.

unless it was like a really really really expensive pizza

like with truffles and stuff

There is a pizza in NYC that is 2 grand, $2700 if you go for extra caviar.

i know most of you guys are talking about auto insurance but those rates are set because of traffic trends in your area. if you live in an area where everyone else is getting in accidents even if you aren't you're gonna pay a higher premium because there's a greater risk you'll get in an accident due to the area. insurance is risk pooling so if you have no tickets or accidents but you drive in an area where TONS of people get tickets and get into accidents you're gonna pay more.

most states have a mandatory minimum for liability of 15k per injury per person up to 30k per accident and 15k for property damage. that coverage is mandatory because you can get in an accident and kill someone and without that coverage they'd be SOL because 99% of americans don't have any appreciable assets (percentage exaggerated but we all know most americans don't have a ton of appreciable assets they could liquidate to pay if they hurt someone in an accident.)

homeowners and renters insurance is dirt cheap and has super high limits. the minimum liability limit for a homeowner's policy where i work is $100k and it's CHEAP AF.

i have $500k in liability limits, $5k in medical payments coverage and like $35k in personal property coverage and i pay $20 a month. i also have a personal injury endorsement though.
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Jen0125 posted...

insurance is risk pooling

Nah... know what you mean in the context you put it in, but it's just calculating the amount of lube needing for maximum butt fuckery. Nothing risky about it for them. They make a killing.
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RedPixel posted...

Jen0125 posted...

insurance is risk pooling

Nah... know what you mean in the context you put it in, but it's just calculating the amount of lube needing for maximum butt fuckery. Nothing risky about it for them. They make a killing.

idk about that. lots of insurance companies are having pretty bad profit margins on their auto side of claims right now. the company i work for is bleeding policies and we're paying WAY TOO MUCH extraneous bullshit claims and medical bills that auto is barely profitable.
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Jen0125 posted...

SmokeMassTree posted...

It's almost as if insurance in all forms is a huge scam that we for some reason still allow to happen.

Yeah tell that to people who get slammed with million dollar judgments that their policies will pay out if they have appropriate limits.

Or I can tell it to the millions of people that pay into insurance that they never end up using.
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that's fine but the point of insurance is risk transfer IN CASE a catastrophic event occurs.

it's not for minor ding dings you get on your car or fender benders. that's why there's a deductible for your own shit and not liability.

people who file $1,000 or less claims are why insurance is so expensive.

where it gets lost in translation is that insurance is for CATASTROPHIC events that you can't afford to resolve on your own and not minor claims.

so if you don't think it's worth it don't have any insurance that isn't legally forced on you.

but when your house burns down and is a total loss, you'll wish you had insurance.

or when that house burns down 3 more houses in the neighborhood and it was your fault it happened, you'll wish you had insurance.
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i say this every time the topic of insurance comes up but I am a fairly healthy 28 year old guy. Never had any major health problems until I got diverticulitis(colon infection) in which I needed 12 inches of colon cut out.

You dont know when you're going to randomly get sick. I am not trying to put fear in people but its true. I never had any major or even medium-sized health problems up until then.

Having insurance is the difference between paying 4,000 dollars or 45,000 which was around what the pre insurance bill was.

i got my moneys worth and then some.

argonautweakend posted...

i say this every time the topic of insurance comes up but I am a fairly healthy 28 year old guy. Never had any major health problems until I got diverticulitis(colon infection) in which I needed 12 inches of colon cut out.

You dont know when you're going to randomly get sick. I am not trying to put fear in people but its true. I never had any major or even medium-sized health problems up until then.

Having insurance is the difference between paying 4,000 dollars or 45,000 which was around what the pre insurance bill was.

i got my moneys worth and then some.

yeah to me health insurance is not a scam. idk if i just purchase a good plan or what. but my surgery for my gall bladder would have been $30k out of pocket and i paid around $2k.
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Jen0125 posted...

argonautweakend posted...

i say this every time the topic of insurance comes up but I am a fairly healthy 28 year old guy. Never had any major health problems until I got diverticulitis(colon infection) in which I needed 12 inches of colon cut out.

You dont know when you're going to randomly get sick. I am not trying to put fear in people but its true. I never had any major or even medium-sized health problems up until then.

Having insurance is the difference between paying 4,000 dollars or 45,000 which was around what the pre insurance bill was.

i got my moneys worth and then some.

yeah to me health insurance is not a scam. idk if i just purchase a good plan or what. but my surgery for my gall bladder would have been $30k out of pocket and i paid around $2k.

A long time ago my brother fell and broke his leg in a fairly remote area and had to get life flighted to the hospital. The transport alone was over $100k and the total bill between the doctors and hospital was over a million, but he was insured and his out of pocket cost was only a couple thousand.

rjsilverthorn posted...

Jen0125 posted...

argonautweakend posted...

i say this every time the topic of insurance comes up but I am a fairly healthy 28 year old guy. Never had any major health problems until I got diverticulitis(colon infection) in which I needed 12 inches of colon cut out.

You dont know when you're going to randomly get sick. I am not trying to put fear in people but its true. I never had any major or even medium-sized health problems up until then.

Having insurance is the difference between paying 4,000 dollars or 45,000 which was around what the pre insurance bill was.

i got my moneys worth and then some.

yeah to me health insurance is not a scam. idk if i just purchase a good plan or what. but my surgery for my gall bladder would have been $30k out of pocket and i paid around $2k.

A long time ago my brother fell and broke his leg in a fairly remote area and had to get life flighted to the hospital. The transport alone was over $100k and the total bill between the doctors and hospital was over a million, but he was insured and his out of pocket cost was only a couple thousand.

some people get mad because they have an HMO and they get injured out of network and need emergency services.

so they receive a bill but if you call your insurance company to get an override they will usually do that if you're out of network for an emergency. USUALLY. not always. depends on factors but usually they'll try to cover as much as they can.

but people don't pay attention to their coverage and understand what they need to do if they potentially are in a situation where they wouldn't normally be covered. then they get pissed they need to call for an override and don't want to ride through that process. so they don't. and then they get stuck with the bills. and then they just bitch to everyone they come across.

edit - but also those numbers if true are way too high. that just is another portion of the US healthcare system where breaking your leg is over $1m in bills because it was a remote area? idk. if that's true it's insane and speaks to how overblown our health care system is.
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Insurance is a scam in a sense. in that it is inconsistent. outside of people trying to commit fraud or whatever, if I have paid you [the insurance company] for years probably decades for something, then the LEAST you can do is honor something without giving me 100 questions and acting as if Im trying to bend you over backwards. (policies by default covering the stuff that least likely happens, get outta here.)

How many people have put insurance into something and still see insurance companies act like they don't what to do when it is time to put forth $$$? hurricanes have hit parts of the US last year and people are still arguing with their insurance companies MONTHS later in the 21st century?

its the notion of investing without a guarantee return & for some people that aren't willing to always put up with that.
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blackhrt posted...

Insurance is a scam in a sense. in that it is inconsistent. outside of people trying to commit fraud or whatever, if I have paid you [the insurance company] for years probably decades for something, then the LEAST you can do is honor something without giving me 100 questions and acting as if Im trying to bend you over backwards. (policies by default covering the stuff that least likely happens, get outta here.)

read your policy!! that's the point of the topic. you're paying for the coverage you're paying for! they need to ask questions to see if your accident or issue is within the policy you purchased. you're proving my topic.

blackhrt posted...

How many people have put insurance into something and still see insurance companies act like they don't what to do when it is time to put forth $$$? hurricanes have hit parts of the US last year and people are still arguing with their insurance companies MONTHS later in the 21st century?

probably tons because PEOPLE DON'T READ THEIR POLICIES

individual insurance policies don't usually cover flood or hurricanes because there is a national fund for that. insurance companies aren't into double insuring. if FEMA is going to provide coverage for your hurricane damage, they aren't going to.

here's some insider info: if there's an exclusion on your policy it's a common claim they don't want to take on the risk for (example intentional acts) or there is insurance provided elsewhere (example FEMA for hurricane damage)

people act like insurance is supposed to be a charitable company just because you pay premiums. you're paying premiums based on the risk you're asking that company to take on. if you live in an area where wildfires are more common your premium will be higher. if you live in an area where there are more accidents than the national average you're gonna pay more.
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ok, but the earth isn't a utopia. at the end of the day the insurance knows its one of "those" kind of institutions...

the institution that can dictate terms to whatever they want without pushback.
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blackhrt posted...

ok, but the earth isn't a utopia. at the end of the day the insurance knows its one of "those" kind of institutions...

the institution that can dictate terms to whatever they want without pushback.

what the fuck are you even talking about
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you don't have to use expletives Jen, its just discussion. :P
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blackhrt posted...

you don't have to use expletives Jen, its just discussion. :P

lol i'm sorry i just didn't get your post at all in relation to my topic. i think the wording isn't cohesive. i swear freely and it's not always angry. it's just my vernacular.
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I just figure my insurance is useless and if it actually covers something, then great!
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