Is insurance really a waste of money?

[SHAHID987]

Before getting insurance you must enquire about the insurance company as in some cases I listened that companies didn't given the claimed money, but mostly are paying. It cannot be say that it is waste of money.

 

[Chibson]

Yes. It's strange. So many celebrities did like Julia Roberts, Bruce Springsteen, and more.

What exactly happens when something happens to that part of their body?. Will they be paid some certain amount of money or will their body be replaced?.

 

[iyanpol12]

What exactly happens when something happens to that part of their body?. Will they be paid some certain amount of money or will their body be replaced?.

For sure, it will be money. For example, Julia Roberts was known for her beautiful smile. In fact, she has gained some roles because of her smile. It gave her some wealth. If something happened on her mouth, like injuries maybe?, she will receive money from her insurance.

 

[ridsa]

You need to understand the goal of insurance, it not to give you money but to give you safety feeling if something happen with you or your property, some people are wrong about insurance and think the insurance will give them money like investment but not! insurance want your money not give you money until some bad happen to you.

 

[nomad]

If you have over a dozen insurances, and you are not getting coverages, that can certainly be a waste of money.

 

[Chibson]

For sure, it will be money. For example, Julia Roberts was known for her beautiful smile. In fact, she has gained some roles because of her smile. It gave her some wealth. If something happened on her mouth, like injuries maybe?, she will receive money from her insurance.

Wow, I think that is a smart move actually. Some of those celebrities cherish their bodies so much because it is what keeps them relevant.

 

[Hate2Wait]

Insurance should be used to save money and those that are bad at savings should get life insurance policy

 

[Springtime]

I don't think buying insurance is a waste of money. It is a protection against uncertainties which may happen in life. Illness, accidents do happen and we need extra money to handle such incidence.

 

[gammarays]

In my country, insurance policy is not appealing to the public so people despise insurance. However, it's necessary for unforeseen events.

 

[iyanpol12]

Wow, I think that is a smart move actually. Some of those celebrities cherish their bodies so much because it is what keeps them relevant.

Absolutely! It gave them wealth, so they'll take care of it. Besides, they already have so much money to be capable of doing so.

 

[Passiveearner]

It's not popular in our country too. It's popular for Hollywood celebrities.

Yes, there are many people who would not insure some part of their body. Usually many people go for a life insurance. Some people also opt to insure their properties as well.

 

[iyanpol12]

Yes, there are many people who would not insure some part of their body. Usually many people go for a life insurance. Some people also opt to insure their properties as well.

Yes. Not all people can afford a million dollar or more for insurance. If I have a choice, I'll go for life insurance and properties too.

 

[Suba]

Buying insurance is not a waste of money, but to compensate for losses that will occur or to transfer risks, insurance is also an investment. If you die, your family will get compensation in the form of money.

 

[Chibson]

Insurance should be used to save money and those that are bad at savings should get life insurance policy

Insurance is a form of saving money but not totally. You may not have access to the money at the end of the day if they need does not arise.

 

[uptrendfinancialsignal]

Insurance is not a waste of money because I've have benefited from an insurance company.

 

[IB D]

Insurance is never and woukd never be a waste of money. That incident might not happen all your life but isn't it better to be prepared for it to happen than for it to you unawares.

 

[cherry123]

Insurance is not a waste of money It is even a form of saving money Your beneficiary will have access to the money at the end of the day

 

[Niyi Briggs]

Just some few weeks ago, I saw a tanker vehicle carrying 30,000 litres of premium motor spiri . And it had an accident and tumled. All the contents pourred. An insurance plan would just pay for that loss.

 

[cherry123]

I think what people need is a good education on insurance some people don't know about it that's why they feel it might be a waste which is not to those that understand

 

[Chibson]

Insurance is not a waste of money in any way. sometimes people suffer a lot of losses and the money they have put into insurance for a long time will help them to recover their losses.