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.

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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As I approach retirement, ensuring the stability of my 401k after the turbulent year of 2022 is a top priority. I've come across stories of investors achieving up to $270k in ROI during this current declining market. Any advice on enhancing my ROI before retirement would be highly valued.

ChristopherAbelman
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bullying and academic pressures destroyed my learning experience in school - thanks for making simple videos like this, helps people in situations like mine catch up on the stuff a lot easier and takes the pressure off learning :)

hitzzey
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This is the type of stuff I wished I learned in school. Thanks!

InsuranceExplained
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I'm so happy i made productive decisions about my finances. Bought my second house in September last year and hoping to retire next year at 52 if things keep going smoothly for me.

jennyr.cordero
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Thank you for explaining insurance so clearly! 🙌 It's reassuring to know that there are options available to protect us from unexpected expenses. 😊

ThomasCara-tcpy
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Great explanation! 😊👏 This video really helped me understand how insurance works. Thank you! 🙏

PirjoIvaska-srmq
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this video is so meme-mable. i like it and easy to understand since im new to insurance lol

ryeofoatmeal
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cbgassetscompany
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Thank you so much! I was having trouble learning in this concept for school!

Thrive_Momentum
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if classes were like this, i would already have straight As HAHHAHA

tiffanyishungry
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Thank you for making this simple video. Im 15 and learning to be financialy literate by the age of 18. And this is one of the most simple video's I've watched that explained what the suject I had a question on so well that I could repeat what you just said after watching the video 1 time all the way through. Continute making videos and because of this one video im subscribing. Thank You so much!

SimplySprout
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🤣 YES!! the elevator music is just wholesome, lifts up the mood while learning about insurance and the slightly awkward stock videos 😂, awesome video 🔥😁👍

alexlim
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Thank you so much for this video. It was very interesting.

ErinMorales-mqmf
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U got a new subscriber, fun way to learn things. Love the humor

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

TheMako
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The wisest thing that should be on everyone's mind currently should be to invest in different streams of income that don't depend on the govt. Especially with the current economic crisis around the world

lailaalfaddil
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The best video explaining insurance in the simple form. Thanks

philly
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Useful! The explanation was great. I had a great watching experience. Thanks for such a really useful resource. Keep sharing such amazing information.

lucillemargot
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Thank you so much for thus amazing channel ❤️

salemrashed
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That was 100% interesting, you explained it perfectly. Thank you.

CalvinHillMusic