Can we agree that insurance companies are not your friends?
They make a bet with you that something bad will happen and you lose until it does. Then they use every excuse to exclude the claim & not pay.
So, why is one running ads all the time selling the idea of more exclusions on their policies? “Only pay for what you need” means a broad policy pays out more often than they like. If they get you to buy a narrow policy instead, they make a higher profit.
Don’t fall for their bs.
Meanwhile, another big firm sells personal discounts in every ad, which means their policies normally are so profitable to them that they can afford to cut some profit out to compete against their rivals.
A good rule of thumb in understanding what’s going on is to ask why they are pushing that aspect so much. It’s likely they want to cover something up and sell you a POV that makes them more money.
A third big firm is running ads that show all the unusual claims they’ve received. Note that every one of them features someone being an idiot & they never say they paid the claims — just that they’ve learned a thing or two. Is the point to insult the behavior and intelligence of their customers? IDK, but maybe farmers should tend to their farms & leave insurance to others.
And on it goes.
Pay attention & use logic to think when you need insurance.
Shop on sites that let you compare rates — but be aware that some or all of those sites get a fee if you buy there, as does Experian and the AARP when you buy from links on their sites. There must be a ton of profit in insurance, with all their spending on ads & referral fees.
And it’s all legalized gambling.
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