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Forgive someone who doesnât live in the U.S. and doesnât have to deal with your ridiculous health care system but what does he mean when he says ââŠmy deductable is two bundlesâ?
Serves you right. Letâs all just stop with this commercialized Chri$tma$ nonsense. No gifts, just worship and family feasting. Only gifts allowed should be handmade.
There is the thought that Black Friday is only for the nutzoids. But hidden in here is something else â the thought that insurance companies make WAY too much money, several times over.
First, they charge you far more than the actuarial tables say they will have to pay out if they paid you 100% of a claim. Then they invest YOUR money and keep the profit. Next they insist that for almost any claim you will have to pay a âdeductibleâ (IE: an amount they deduct and keep as pure profit) from the amount of your claim. Finally, if you do decide to make a claim anyway, then your rates go through the roof, come renewal time, enough for them to recoup every penny they paid out within 3 years. Itâs perhaps the worldâs biggest scam.
Oh, and if you do make a claim, that information is shared with every other insurance company on the face of the planet. All other insurance companies also will jack your rates, which is (legal?) price-fixing. This is especially true of auto insurance.
Many states now allow insurance companies to weasel out of their responsibility to protect their insured. Itâs called âno-faultâ insurance laws. Originally it was supposed to protect the consumer against situations where someone was driving without insurance (what we call âuninsured motorist coverageâ today). But the insurance industry has warped it into a means of getting out of pursuing the other guyâs company for payment for his/her failure to drive properly.
For instance, suppose some jerk follows too close and canât stop or avoid when you step on the brakes. Fault is clear-cut by law in such a case, but what actually happens? Your insurance company pays your bills, the other guyâs pays those. And you both wind up with a claim on your records. No court or attorney fees, so the insurance companies make out like bandits on both ends.
dwane.scoty1 over 5 years ago
âThey were nice @ the Emergency room, tho!â
Zebrastripes over 5 years ago
There it is! The lunacy created by retail storesâŠ.BOO HISS!
gnome over 5 years ago
âŠwellâŠi guess you need to spend money to save moneyâŠ
âŠshakes headâŠfeels bad for idiot friend..
Linguist over 5 years ago
Forgive someone who doesnât live in the U.S. and doesnât have to deal with your ridiculous health care system but what does he mean when he says ââŠmy deductable is two bundlesâ?
FestoNrwlk over 5 years ago
âlike a good neighborâ â cheeky devil with sarcastic wit
TheLetterista.com over 5 years ago
Serves you right. Letâs all just stop with this commercialized Chri$tma$ nonsense. No gifts, just worship and family feasting. Only gifts allowed should be handmade.
SrTechWriter over 5 years ago
There is the thought that Black Friday is only for the nutzoids. But hidden in here is something else â the thought that insurance companies make WAY too much money, several times over.
First, they charge you far more than the actuarial tables say they will have to pay out if they paid you 100% of a claim. Then they invest YOUR money and keep the profit. Next they insist that for almost any claim you will have to pay a âdeductibleâ (IE: an amount they deduct and keep as pure profit) from the amount of your claim. Finally, if you do decide to make a claim anyway, then your rates go through the roof, come renewal time, enough for them to recoup every penny they paid out within 3 years. Itâs perhaps the worldâs biggest scam.
Oh, and if you do make a claim, that information is shared with every other insurance company on the face of the planet. All other insurance companies also will jack your rates, which is (legal?) price-fixing. This is especially true of auto insurance.
Many states now allow insurance companies to weasel out of their responsibility to protect their insured. Itâs called âno-faultâ insurance laws. Originally it was supposed to protect the consumer against situations where someone was driving without insurance (what we call âuninsured motorist coverageâ today). But the insurance industry has warped it into a means of getting out of pursuing the other guyâs company for payment for his/her failure to drive properly.
For instance, suppose some jerk follows too close and canât stop or avoid when you step on the brakes. Fault is clear-cut by law in such a case, but what actually happens? Your insurance company pays your bills, the other guyâs pays those. And you both wind up with a claim on your records. No court or attorney fees, so the insurance companies make out like bandits on both ends.