How Does Insurance Work?

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Insurance, it’s the annoying necessity that we all pay for to make sure we don’t end up in massive amounts of debt if our house burns down, if we crash our car, or if something tragic happens.

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Insurance helps us maintain peace of mind, knowing that even if something bad does happen, someone else is going to pay for what it costs to fix it. Though, to an untrained eye, this can be a little perplexing. I mean, if you pay $200 a month for home insurance and after only 6 months your home burns down, the insurance company will buy you a new home, likely in the manner of hundreds of thousands of dollars. But, you would’ve only given them $1200. Why would they do that? That’s the power of insurance, baby.

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Music:

CGI Snake by Chris Zabriskie is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/)
Source: http://chriszabriskie.com/divider/
Artist: http://chriszabriskie.com/

Comments

Fabian Aime says:

I enjoyed this video from the opening right to the end

Mix videos says:

hey does gonna work if i burn my house

DEAYEX says:

cool stock footage

The MAKO says:

Thank you for making this kind injoyable and interesting ..Keep safe and keeeeppp of keeping onnnnnnnnnnn

Bhanu Eluri says:

Umm, I didnot get the answer exactly

Pica Choo says:

now I fully understand! thank you!

Adeola Gabriel says:

I have been able to have massive wealth for my family through mutual benefit assurance plc, all thanks to Africa billionaire who introduced me to them.

Pamela Ferguson says:

A big thanks to Africa billionaire on YouTube for introducing me to mutual benefit assurance plc, I was able to build a house and bought a car with one of their policy, am so happy.

uhmeizuhngralphf05 says:

Even president Donald Trump do insurance frauds people Insurance frauds are bad it raises insurance rate in the city don't do fraud please thank you

Abir Paul says:

Great explanations

Alex Adamson says:

So let’s hypothetically say, I got an new TV. And it may or may not have gotten broken after 3 days due to a stray pellet from a BB gun I didn’t know was loaded. Would I hypothetically be able to call an insurance company to ensure that TV after the fact then claim the money a week later?…. Just speaking hypothetically…

Jody Dehaney says:

Very interesting thank you

David Da says:

nice insurance

LBS Pound says:

Do people that work or own insurance companies get insurance from their own companies ,

I क्रिप्टो इंडिया says:

Well let’s not forget to make those investments too… as we pay for insurances.

Sukun Unosawa says:

I don't know what your on about I find insurance fascinating lol

Stan Mott says:

This karaoke is great.

Emily S says:

loving the low-budget stock footage

Canada 2 says:

👏👏👏

Moms Bibi says:

yes i like it

Den12 says:

I'm glad I watched it to the end, seeing that suckling kitten was worth every second i've spent.

Learne Bewafre says:

This Video is interesting.

Cyberworldz says:

get it its a scam cuz if ur young and live in society then u r not going to kick the can any time soon unless ur careless like walking in dark alleys or a chronic drug user but get it when ur middle age because u will qualify. if u get it to young ur loosing money if u get it to old u dont quilify. insurance web that means all companys are link. if u have aaa they will claim to save u 400 bucks when the first insurance u had did that at first but has been charging u more through time and in that time they made enough money to move it to another fake as shell corporation and tell you you will save this much on this one when the first company was providing money to the second one to keep up with the advertisment. its like you giving ur parents 20 bucks for the first year and after u pay 30 bucks and then step parents step in and tell you thell will sell it for 20 bucks like in the begining so all that money the first stole will try to real u and others in whith fasified claims its twister of movements but i understand it i hate this new keyboard it doesnt register all my keys i type to fast that the keys dont register when sometimes when i type

Alheri Grace Cletus says:

I really feel left aside hearing and seeing several testimonies from people on profits they make from Crypto/stocks and Forex investments.
Can someone please recommend a good expert that can trade on my behalf and generate good profits for me?

karmen nilo says:

I like it and easy to understand since I'm new to insurance lol

Mehtab Khan says:

Nice video on Insurance.
Please visit also https://www.youtube.com/channel/UCyiMuLtt_VB5jaBVqOsrKwQ

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