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


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


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How do insurance companies actually work and how do they make money?

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39 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 if the person who provides the insurance, the Brooker, doesn't have enough to pay to replace the lost phone

  3. 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?

  4. This was very informative. I’ve always wondered how medical insurance companies pay & earn money, I once assumed that people don’t get sick enough including myself.

  5. So insurance companies make money by taking money and being paid by the people who gave them money, and give them back to its clients? I guess that's a win-win situation.

  6. The insurance company are like casinos takes the money makes the money , no matter how big is the risk is, they will never make a loss . We the insured are always losing money every year .And even if you need to make a claim then you still need to pay them next year with extra charges and high premium.

  7. All insurance companies make money the exact same way….they collect your premiums and give excuses why they can’t pay your claim, cover your MRI, send you to a specialist, cover your car, or repair your home. Scam all f*cking day.

  8. Insurance is a scam. Its like gambling they have a mathematical formula that they use to make sure they make money overall. Even worse the government requires you to have it. Which is unconstitutional.

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