Yes I’m quite well aware of that. Insurance is something I don’t have much to do with. We’re conditioned through fear that we need insurance, home and contents insurance, car insurance, personal liability insurance, life insurance, aircraft insurance, public liability insurance, flood insurance, income protection insurance, health insurance, landlord insurance, personal disability insurance and the list goes on.
If you have been conned into all these insurance policies and the worst happens, have you ever tried to make a claim? Sometimes they may pay but they are careful not to overlap those payments even though they’ll happily sell you policies with overlapping cover.
In most cases Insurance is just a well designed business operating on poor ethics and our fear of the unknown, the what-iffs in life. We’re all sucked in feeding the big machine. I avoid it wherever I can.