tag:blogger.com,1999:blog-38229521.post824298260164602872..comments2023-08-18T04:51:55.279-05:00Comments on Gaming the Credit System: Insurance: Never a Good DealGaming the Credit Systemhttp://www.blogger.com/profile/05828856062681506360noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-38229521.post-86106763449564719562007-05-21T17:15:00.000-05:002007-05-21T17:15:00.000-05:00This comment has been removed by a blog administrator.Alexiehttps://www.blogger.com/profile/16124517799154124073noreply@blogger.comtag:blogger.com,1999:blog-38229521.post-8007963338745902252007-03-25T01:22:00.000-05:002007-03-25T01:22:00.000-05:00Yeah insurance is never a good deal, ask the Katri...Yeah insurance is never a good deal, ask the Katrina survivors.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38229521.post-50562162117423844792007-03-05T12:30:00.000-06:002007-03-05T12:30:00.000-06:00I think of useful insurance as what you buy when y...I think of useful insurance as what you buy when you cannot afford the alternative. <BR/><BR/>For example, I can't afford to replace my salary if I become permanently unable to work, so I have disability insurance. I also can't afford to rebuild my house, or pay for flood damage, pay for healthcare if I travel to the US. So I take out insurance against these things.plonkeehttps://www.blogger.com/profile/12155752230089248178noreply@blogger.comtag:blogger.com,1999:blog-38229521.post-81858204591807659252007-02-23T06:48:00.000-06:002007-02-23T06:48:00.000-06:00a good analysis of insurance but i guess its kinda...a good analysis of insurance but i guess its kinda essential expense for the most. It gives you a mental peace for a price. I know a few cases where insurance played a crtical role in covering up the losses.starleadshttps://www.blogger.com/profile/00470752561186566441noreply@blogger.comtag:blogger.com,1999:blog-38229521.post-84680873763872359392007-02-22T17:10:00.000-06:002007-02-22T17:10:00.000-06:00Not a bad analysis, but I think that you are being...Not a bad analysis, but I think that you are being a little unfair to 'insurance'. In general, they are probably expected to bring in profits of about 5% In addition, the insurance company gets to use your money until a claim comes in and they invest this in a variety of ways (Berkshire Hathaway is basically the investment arm of Geico etc).<BR/><BR/>If you use insurance for major risks (wealth preservation, as you put it) with as high a deductible as you can afford, it provides a useful safety net that allows you to take more risks without compromising your security. This also applies to life insurance, although you should get TERM insurance only.<BR/><BR/>Nice and informative blog.<BR/><BR/>Thanks,Anonymousnoreply@blogger.com