“If people are doubting how far you can go, go so far that you can’t hear them anymore.” - Michele Ruiz

Insurance protects us from the financial consequences of a loss, but not from the loss itself; that's her point. But please, please do not confuse the importance of health and life insurance with the wildly minor importance of property, e.g. appliance and luggage, insurance, where losses are virtually nothing. The risk here is in conflating the two, as the two sides of the insurance world--property and casualty versus health and life--address enormously different financial consequences.

Having Insurance makes life bearably safe from the deathly anxiety of Murphy's Law. I have anxiety and Illness. In reality insurance just only softens the blow of unfortune events.

@microchannel377

2 жыл бұрын

I liked reading your comment because it helps expand my perspective. Myself being one to avoid insurance when possible reflects my philosophy of skepticism in general. I can always use help to appreciate other people. I think the reactions we have about insurance are a way of thinking. I figure idealogy is the main reason for choices. I mean I'm trying to factor out anxiety somewhat because intellect is probably how you decide, and intellect is how i decide. One person makes a smart choice to insure because it improves their health, the other doesn't insure because it saves money (allegedly). Each persons' goal is to be happy. 😎

Good talk. As always, it comes down to people being bad at risk assessment. You should buy insurance in three cases, 1. when the expected payout of the policy exceeds the cost (this is rare to the point of being trivial--every extended warranty on an appliance is a losing proposition), 2. when the result of an event, even if very rare, is sufficiently terrible such that it would financially ruin you or your children if it happened (health insurance, life insurance when you have kids, fire insurance) or 3. when required by law or lender (car insurance or homeowners insurance). 2 and 3 can overlap.

What a charming informative talk! This was fabulous , I really enjoyed it, thank you!!

Very interesting and enjoyable talk, thank you! 👏 👏 🙂

Why do we even have insurance? When daily life is unpredictable as it is then insurance feels like a just wearing a helmet but multiple cement bags fall over you from a 100 feet.

@postmaster6414

2 жыл бұрын

There is a lot of dangers in life? Not just falling cement blocks. they're unlikely but life is short and precious and in that short time a lot can happen.

@tarrySubstance

2 жыл бұрын

@@postmaster6414 I agree.

Great Talk, interesting topic. I've always avoided buying insurance because I figured if a company wants me to buy it, the statistical odds are nothing bad will happen. If the insurance statistics predict a probable bad event, the insurance company wouldn't be offering me a policy.

THANK YOU!!!

Never heard of someone thinking insurance will prevent accidents. Everyone thinks it will pay back the losses as good as possible. So making good on losses.

I disagree with most of her claims. (See what I did there? 😜) I agree with only two things she said: ● Insurance ads and salespeople are pushy, misleading, and unethical. ● Extended warranties are unnecessary and a waste of money. Where I disagree with her: ● She didn't even mention that insurance policies are deliberately confusing, long, and jargon-filled. It's the biggest reason why people are over-insured. Even a reasonably intelligent and educated person like myself cannot be sure what's covered and for how much. ● Extended warranties apart, her advice to reduce coverage overall is not only misguided, it's wrong. It's always better to be over-insured than under-insured. As an engineer, I strongly believe in redundant backup systems for safety. As several people have said: *_It's better to have it and not need it, than not have it when you need it._* ● Insurance premiums make people bankrupt? Wrong. More people become bankrupt because of sudden expenses that weren't covered by insurance-but could have been. People who can't afford insurance premiums also can't afford the losses. In America particularly-which lacks universal health care-it's medical expenses. ● I also dispute her claim that uninsured people drive more carefully than insured people. In my experience, it's the opposite. *_Careful_* people have insurance *and* drive carefully. It's not insurance that makes people careless-it's carelessness that makes people not buy insurance and also drive carelessly.

@nf4702

2 жыл бұрын

As an insurance agent, I agree with you. I've seen people ruined because they were trying to save a few dollars off their insurance and underinsured themselves. We document the refusals, so we know.

Wonderful ....😄

Smart woman. Interesting test results. Those guys in the comments thinking it's BS are the easiest targets of these psychological tricks but they would deny it to the death. Again, psychological bias, not intelligence.

Oh my intuition is based in logic luckily. Been much safer burglar proofing my house than spending a fortune on 'armed response' in South Africa.. pretty pointless paying someone who may or may not arrive within an hour.

I very understand 😉

Well, it makes sense to me.

Nice

Question Why do you have insurance?

In some parts of the world, insurance is paid just to avoid hassle with the authorities. Cos they’ll never show up when sh*t happens and no one will hold them to it.

Couldn’t disagree more with this speaker. For the vast majority of insurance purchased, the profit allowed the seller is worth the downside risk of a ruinous financial event that a person can not afford to retain absent wealth. It is similar to paying interest rates on purchases you can’t afford to pay in full. Survey results aside, those who scam others in the sale of insurance are at the margins of the business.

Is this like the gun argument? I would rather have it and not need it, then need it and not have it?

@REIwAlexY

2 жыл бұрын

But the mere fact of you having it in home, increases the risks of the negatives associated with it (aka needing it more). and also, as she talked about, having it (or knowing karate, boxing, etc) makes you more likely to overestimate your abilities and get into dangerous situations. so actually, yes. it is very similar but imo, not for good reasons.

@thinkabout602

2 жыл бұрын

@@REIwAlexY spot on 👍

Gelo ezê kêngî îngilîzî fehm bikim

@robertsteinbach7325

2 жыл бұрын

Ez wisa nafikirim. Dema ku "read" bi heman awayî tê nivîsandin û bi awayekî cuda tê gotin.

@wenda3862

2 жыл бұрын

@@robertsteinbach7325 Tu jî îngilîzî nû hîm dibî an na ?

@robertsteinbach7325

2 жыл бұрын

@@wenda3862 Ez Îngilîzî baş dizanim. Kurdî ye ez baş nizanim.

@wenda3862

2 жыл бұрын

@@robertsteinbach7325 Ger ku Kurd bî ziman hîm bibe bilez , vê zilmê ji ziman re neke .Wek tu jî dibînî çawa bê xwedî maye :)

❤️❤️❤️❤️❤️❤️

ياجماعه تكفون كيف اخلي المقطع عربييي 😭😭😭

@ritaslifestyle6528

2 жыл бұрын

روحي تيليشارجي تاد ابليكايشن و هناك تجدي الترجمة بكل اللغات

Hi

I don't know anybody who thinks insurance prevents anything. It's compensation in case bad things happen.

Plz visit

🇺🇳9:30

First 😍😍

Insurances are absolute nonsense. You are just betting against the mathematicians of an insurance company, which is doomed to fail.

Insurance will take care of you and your loved ones in the long run. While Investments will take care of your and your loved ones now and in the immediate future or even longer as you keep investing

That woman does that smack sound thing way too much.

Utter nonsense. Classically someone trying to come across as smarter than they are. There hasn't been a truly revolutionary ted talk in years.

@brentshuffler1234

2 жыл бұрын

From my experience, what she is saying is very insightful and is confirmed by studies of actual human behaviour. People are less rational than you might expect. The paradox of those who mistake antidote (insurance or cure) for vaccine (preventing harm) and then do things that actually increase their risk: e.g., driving faster when they have car-insurance, thinking that their risk is lower suddenly, when having insurance does NOT change the actual risk, but simply protects against some or all of the financial costs of an actual harm or loss.

Is this propaganda?🤣

So she claims insured people magically believe bad things will not happen to them, then she shows statistics that states that insured people think they have a 42% risk of losing their luggage while flying. Then she moves on as if nothing happened and once again states that insured people believe they are protected from bad things happening to them. This woman cant even read basic statistics, why is she here

@yakkinton

2 жыл бұрын

You got it wrong. UN-insured people think they have 42%.