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How many different insurances do you have?

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How many different insurances do you have?

Old 03-16-2014, 07:13 AM
  #1  
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Arrow How many different insurances do you have?

I've been reading on THT lately about all sorts of insurance policies that fellow THTers have...

Long Term Care
Life
Life on children
Health
Flood
Wind
Auto
Umbrella
Mortgage Death Insurance

It seems the list goes on and on. I understand that certain insurances are required to satisfy a lender or something like that... I'm just curious as to other insurances that people buy.
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Old 03-16-2014, 10:00 AM
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Health
Life (term and paid up whole life)
auto
homeowners(boat is covered n this one)
auto on my company cars
E&O for my office
Insurance on my office bldg
Wind/Storm damage on our beach house(share that with my sister)
cancer policy
life on kids
Insurance on my ATV
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Old 03-16-2014, 10:06 AM
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Health
Homeowners
Flood
Auto
Boat
E&O
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Old 03-16-2014, 10:44 AM
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Health
Homeowners
Shop
Flood
Five rental homeowners
Truck
Boat
Umbrella
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Old 03-16-2014, 10:56 AM
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Auto
Boat
House
Flood
Umbrella
Don't believe in life insurance.
All different companies.
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Old 03-16-2014, 11:03 AM
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Basically everything everyone else has already listed.

IMO insurance is one of the great rackets of the 21st century.
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Old 03-16-2014, 11:19 AM
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Originally Posted by SEATOAD View Post
IMO insurance is one of the great rackets of the 21st century.
My one fishing buddy is an independent insurance broker. He refers to what he does as a living as "legalized extortion."

Much truth to that. He deals with several large construction companies that are required by law to carry X amount of insurance in order to bid on state projects. They will buy the insurance, keep it throughout the life of the project, then cancel it upon project completion -- only to repeat the process when another big project comes along.

Personally, I've got pretty much the same as everyone else listed here - Life, Auto, Home, Boat, Health. It all adds up.
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Old 03-16-2014, 12:52 PM
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Too many , and they don't want to pay any claim without a battle anymore either.as time goes on ,they seem to keep finding new and creative ways to get more out of you and pay less,if and when the time comes.
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Old 03-16-2014, 02:14 PM
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Originally Posted by north coast View Post
Too many , and they don't want to pay any claim without a battle anymore either.as time goes on ,they seem to keep finding new and creative ways to get more out of you and pay less,if and when the time comes.
That is sort of where I was heading with it. It's a scam.

I was recently reading about Warren Buffet and he flat-out said, that if it wasn't for the revenue from his insurance companies BH wouldn't be anywhere where it is today. It's a major cash cow... so you have to ask yourself, why on Earth would you contribute to the scam.

In the past couple of years I've had to do battle with Car, Home, and other policies. The policy spells out what they should and shouldn't pay -- and it's still a major battle.

Total scam.

If everyone pooled their money and went self-insured (as a major group) -- we'd all be making piles of money. I can see it now... everyone in your town all buy into "You Town" homeowners... Has to be better than this BS scam.
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Old 03-16-2014, 02:20 PM
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Health - family plan
Homeowners - 3 houses
Flood - 3 houses
Auto - 4 cars
Boats - 3
Umbrella - $5 million
Life - whole life $250,000 & term $1 million to age 57 + 1 million to age 62
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Old 03-16-2014, 02:26 PM
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No one has stated disability insurance. Long Term Disability insurance is one of the most important policies a person can have. I hate paying for insurance just like everybody else, but I do want to support my family, whether I am dead or still alive but unable to work in the same capacity due to an accident or illness.
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Old 03-16-2014, 03:41 PM
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Originally Posted by mattusher View Post
No one has stated disability insurance. Long Term Disability insurance is one of the most important policies a person can have. I hate paying for insurance just like everybody else, but I do want to support my family, whether I am dead or still alive but unable to work in the same capacity due to an accident or illness.
I've got LTD.

Here's my list:

Health. What about dental and vision. Do they count too?
Life
Life on the kids
LTD
Home owners
Mine subsidence. I live in southwestern PA and mines are everywhere.
Auto
Motorcycle
Boat
Cell phone insurance (but that's only a couple bucks a month)

Probably something I'm leaving out.
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Old 03-16-2014, 03:49 PM
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Auto
Boat
Life
Home owners
Condo property
Condo content
Umbrella
Special riders for specific property
Renters content (college child)
Health
Eye
Dental
Long term disability
Short term disability
Workers compensation
E&O
D&O

I am probably missing a few more.
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Old 03-16-2014, 04:09 PM
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You can add all those extended warranties and protection plans that people buy as well. So if you're gullible enough, you will in essence pay "insurance" on all appliances, electronics, and even some furniture.
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Old 03-16-2014, 04:19 PM
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Originally Posted by jobowker View Post
You can add all those extended warranties and protection plans that people buy as well. So if you're gullible enough, you will in essence pay "insurance" on all appliances, electronics, and even some furniture.
I used to buy some of those and found the stuff I bought them for didn't break and the stuff I didn't buy them for did. I think one time I collected on an extended warranty my wife bought on our fridge. OTOH it was a dead fan and I could have fixed it for $50, regardless of what the service guy claimed I'd saved. So I made a decision a long time ago to just never buy those on anything.

There's a reason people try so hard to sell you those - they are massively profitable and everyone involved gets a piece of your money.
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Old 03-16-2014, 05:43 PM
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Motorcycle
(4) Auto
(2) Homeowners
Flood
Wind
Umbrella Liability
Vision
Dental
Eye
Health
Long Term
Short Term Disability and buy-up
Long Term Disability and buy-up
(2) Term Life
Life provided by work on me
Small Life policies on (4) kids

Total scam. They have a policy for just about everything.....
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