ST Alpha - "insurance has to be the strangest commodity ever - I mean - you buy it usually because you have to - mandated or to get a loan

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In response to "Health insurance (any insurance really) only works if a good number of people who buy it never use it. -- nm" by Dano

insurance has to be the strangest commodity ever - I mean - you buy it usually because you have to - mandated or to get a loan - but usually you

Posted by JenBro Apr 6 '11, 17:38

wouldn't ever want to use it ... because it would be to take care of something bad that happened ... car crash, injury/illness, fire, etc. etc. etc..

I understand what you mean about the health insurance though - I've only ever claimed a few x-rays and visits to get antibiotics prescribed for nasty colds. But I have family and friends that have used the medical coverage extensively - so I know my premiums are paying for someone to get their life back in order ... just not mine yet ... and honestly - I kinda hope I never do need catastrophic coverage.

Responses:

also, rates vary on the liquidity of the object insured. jewelry's rates are many times the cost of art, and both when worth the same amount -- nm - peglegpete Apr 6, 17:42 6
- yep - but if you keep the jewelry in a vault - you can get a really low rate on it - and they only pro-rate the high charge for the days you have it - JenBro Apr 6, 17:46 5
  - saving huge $$ like this is a subplot of The Young Philidelphians with Paul N& Robert Vaughn -- nm - peglegpete Apr 6, 17:52 4
    - Newman -- nm - peglegpete Apr 6, 17:52 3
      - not familiar with it - will check it out -- nm - JenBro Apr 6, 17:56 2
        
        4/11 on TCM it's a very good film -- nm - peglegpete Apr 6, 17:57 1
        
        Thanks :D -- nm - JenBro Apr 6, 18:17

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insurance has to be the strangest commodity ever - I mean - you buy it usually because you have to - mandated or to get a loan - but usually you

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