VIDEO ON MSN MONEY
This is to Frugalwise:
You have been very lucky.... and some people are not so lucky. Is the State Farm for your car or your house.
I have been hit from behind in the car and both insurance companies covered the expense and I also had a fire in my house and I'll tell you right now $40,000 doesn't even come close to covering the damage. And what about all the Super Storm Sandy victims, did they ask for the destruction of their homes ( permanent and vacation ). Insurance doesn't even cover it and don't even get me started on the tornadoes.....Sometimes where you live is your choice and sometimes it is a must. Insurance is a racket but it does help when something bad happens and things are out of your control.
Could not agree more with with BeingHonest080312. Insurance companies rake in money and resist paying claims. Simple math, how much money do they take in, and how much do they pay out? (the whole industry) Who pays for the slew of advertising and buildings, and their huge salaries? WE DO. The balance sheet of the industry is jaw dropping,and irrefutable.
Insurance is a type of legal gambling.
One has to check the odds on what to insure.
House - yes. Car - yes.
Flood - where do you live?
Pet - how much do you love Fluffy?
Golf; don't play - no. Infertility; don't want kids - no.
Think before calling a broker.
OBAMA will issue an Executive Order giving insurance to all ... This is to be named ...
The Un American Un Affordable Un Insurance Act.
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