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Insurance Explained – How Do Insurance Companies Make Money and How Do They Work



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How do insurance coverage firms really work and the way do they earn money?

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20 Comments

  1. Thing is, you the customer are still losing money either way, if nothing bad happens, your still losing money. If something bad does happen, you still lose the money and even more money if the claim contract didn't exactly match the problem you just had. Did I mention the insurance will force you to pay up even more just because they actually had to step up and do what there were paid to do?

  2. What would happen if a big group of people bought insurance, and the following day (or whenever the insurance becomes active), something happens that trigger they payout, but the company is unable to pay. Would the company declare bankrupt? Customers able to sue? They can't do anything about it?

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