Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
...Ok here's the rantL
And I DO feel insured to death...how many darn things in life do I have to insure?
Car Insurance, health insurance, life insurance, homeowners insurance, disability insurance ...now LTCI...
Don't forget an umbrella policy .
Overall - not all people need every possible kind of insurance. After we're retired (or even before) - many of us don't need things like life or disability insurance.
Also - since no one wants to spend every last cent on insurance - we have to figure out which policies we must buy (as a result of various laws/rules) or need depending on our individual finances - and then figure out the most cost effective ways to buy them.
FWIW - insurance costs can be an issue when it comes to decisions about staying/moving post-retirement. Because they can vary wildly from one place to another. I know that our homeowners'/windstorm - auto and Medigap policies would cost substantially more in south Florida than north Florida. Robyn
The need for insurance is often relative to the value of what you are trying to protect. Collision coverage on a 75k Mecedes v $500.00 junker two different thought processes. How much in assets we have can color our interest in LTC along with other priorities.
The need for insurance is often relative to the value of what you are trying to protect. Collision coverage on a 75k Mecedes v $500.00 junker two different thought processes. How much in assets we have can color our interest in LTC along with other priorities.
I have a junk car that's worth about $1000, with $500k collision coverage. But I get multiple discount on multiple insurance. If I don't insure this car, it will cost me $700 more. It's called multiple insurance discount. It's almost a golden handcuff, in a sense.
collision insurance is for repairing the car . perhaps you mean 500k in liability insurance .
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
.
