Forum Discussion
mowermech
May 05, 2015Explorer
path1 wrote:
"Just a note: ask your agent questions before purchasing your policy to find out exactly what is not covered."
In my experience that doesn't work either. Now before we buy any insurance on anything we read what is covered and what is not before buying any policy. And that's not exactly easy either with their terminology. If they won't provide the policy example and not a slick brochure and let you read the fine print before buying, we don't buy.
Lots of problems with insurance company's. That's one reason why they are so regulated and the main reason most states have had to set up a special dept. known as the "insurance commissioner".
Bottom line is Insurance company's don't get rich paying claims.
That's true. Yet, insurance companies always make a profit. ALWAYS!!
Their stockholders (or member/owners) insist on it.
Where is YOUR retirement fund invested? There is a good chance that YOU are part owner of one or more insurance companies!
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