Sort:  

Brilliant article, well written, and sound concepts.
The topic is particularly involving for me because I live in the Netherlands, and Dutch people are crazy for insurance - apparently it's a cultural thing they have, possibly a legacy from their trading years in the past centuries. Fact is, the Dutch have an insurance for absolutely everything: from the most logical (house, car) to some interesting exotics (family liability: e.g. your kids crashing a neighbour's window while playing) to plain ludicrous. My favourite in the latter category is the funeral insurance: pay the monthly premium and, in case of death (scratches vigorously) the insurance company will take care of funeral service, casket, burial, the whole thing. Apparently funerals in the Netherlands are particulary expensive (and I am not surprised with such a business model).

Thank you so much @lucabarbera.

I love your post. Its educational and funny. And the funeral service, that is particularly humorous. 😁

Congratulations @fijimermaid! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 500 upvotes. Your next target is to reach 600 upvotes.

You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Do not miss the last post from @hivebuzz:

Hive Power Up Day - Let's grow together!
Feedback from the Hive Meetup Vienna

Insurance is good for assets and business capitals but i don't like life insurance at all. Anyway thanks for your nice article.

Agree, I haven't found that much financial justification for life insurance. Its actually a big money maker for insurance companies and agents. Very low risk and exposure at scale for insurance companies to issue these policies.

Thank you @team07.

I use a similar for health insurance but since I own no property the rest of it isn't really relevant to me. People complain about how insurance is too expensive and for health insurance in USA they are probably correct.. However, my insurance plan isn't that much (like $1000 / year) but the thing is that it is, like you say, ONLY for the big stuff. Tiny things like tummy aches and any outpatient stuff is a cost I have to endure on my own and will normally just get it taken care of on my own or at a clinic. My health insurance will only kick in during something extremely major that would otherwise cause me financial ruin.

I like your example @dumb-news. And totally agree. Makes me think about that phase "don't sweat the small stuff."

And "financial ruin," that is a great way to put it.