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Originally Posted by Martin  OK, Travel insurance is like any other insurance, hospital insurance, house contents insurance, sports injury insurance, employment insurance, many people pay for it, only a few need it.
The insurance compainies win in the end, or they would not be in business.
I do pay landlords insurance for my houses I rent out, and I do pay car insurance. The rest is just IMHO lots of money to pay out "just in case".
There is a reason insurance salesmen make tons of cash.  |
Correct! Being in the industry myself, I take out minimal Insurance. I certainly never bother with pet insurance, contact lense cover, extended warranties or redundancy covers. I see the risk and would rather keep the premium in my bank account thank you!
The Insurance salesman you refer to are now mostly a thing of the past due to tighter regulations in the UK, but it now seems to be the shops that keep trying to flog extended warranty cover, which really annoy me. My elderly Mother was 'conned' into taking out an extended warranty on a washing machine. Take into account the excess and the cost and after three years she could have bought a new one anyway. Needless to say I made the salesman very sorry and had it cancelled!
Re Insurance companies winning - they are there to make money, unlike, say accountants and solicitors who do it for love and not money.....
Elaine