Types of Insurance (Health, Life, Property, and Auto)

Continuing with personal economics, everyone will have to get some kind of insurance at some point. What is insurance exactly? Let's go over some of the main types of insurance: health insurance, life insurance, property insurance, and auto insurance. What are the basics everyone should know before buying these types of insurance? What are copays and premiums and deductibles? Don't get stressed out, give this a watch!

Check out "Is This Wi-Fi Organic?", my book on disarming pseudoscience!

[SNDN_LN]

As a licensed life insurance agent the entire model of insurance at its basic is designed as a way for a group to help its individual people. An unnamed economic system causes it to not be that way in practice.

[frogandspanner]

UK has become more American.

When I was young, even to middle age, _insurance_ was in case something happened (e.g. car insurance, home contents insurance), while _assurance_ was for when something inevitable happened (e.g. life assurance). That valuable distinction has now been lost.

[TheOnlyTrueDedicated]

As someone who’s dealt with both health, auto, and property insurance, I’ve long described benefits of insurance as a grand paradox. It’s something you want to have plenty of, but hope to never have to use. That said, on the health side, it’s more of an inevitability.

[HouseMeanyBeany]

As someone who deals with car insurance daily, if you live in the United States PLEASE get PIP (Person Injury Protection) insurance! It will help cover if anything happens to you in an Auto accident as a driver, passenger, or pedestrian hit by another car. Oh and Geico does not care about you, please switch from it. Thank you Dave for antoher great video :)

[udhayveersingh]

Science, commerce and arts he has it all. Love from India.

[alinakockentiet]

Thank you for posting this! I am a senior in High school learning about real world stuff, and this was very helpful.

[mindstormmaster]

"To force citizens to be responsible" is a hot take, considering how much lobbying has gone into mandating insurances.

[cheshmtikoo]

one thing l like the most about your video is you teach from basic to advance like a 4th grade to direct engineering level.

[SifnafNiguse]

I follow you from Ethiopian country please explain more as we understand every single thing as we understand &do more examples about EMR

[LordAlmightyGod]

damn son you weren't joking about covering a wide range of subjects

[owlxoggest]

Having been in the auto insurance industry for 25 years I can say that nobody, anywhere, ever, has ever been "made whole" by auto insurance, which is the whole point of insurance. I'm sure this is the case in other insurance as well, considering when my wife and I got our first home almost every home insurance provider would not insure us because of the breed of dogs we had. The one company that would insure us charged a higher amount, but would not cover any dog bite me how that makes any sense. It's a scam

[ahaggar]

Would autobots get auto, health, or life insurance?

[apertureonline]

I dont necessarily like insurance, but tgere should be more stock insurance. Id invest in gold atm, great asset to produce.

[petersage]

2:55 Take a good look at that image, my fellow Seppos. Red China and Russia care more about the health of their citizens than most "red states" in our country.
I love the way Richard Gilmore summed up the actuarial business. "People die, we pay. People crash cars, we pay. People lose a foot, we pay."

[noneofyourbusiness]

Everyone, do yourself a quick favour and look up (mirrors of) the video "The absurdity of Evolution and completely insane Cosmology", and see who shows up at 10:23. That certain someone would probably love to be reminded of his contribution to this particular endeavour within his own tier of science.

[donchristie]

My insurance for not being ignorant- watching these vids

[sirvioletii]

He's teaching me how to adult :>

[ultradimensions]

Youtube is drunk. It shows 73 thousand likes and 646 views 💀

[xenomorphbiologist-xx]

Imagine calling China a developed country

[Little_Toy_Soldier]

Its so sad we have basically a scientist explaining an economical thing that schools should be teaching us...i hate america sometimes. Like this is stuff home economics should have been teaching us...not bs math I NEVER used to this day.