[SIZE=1]The happened to the general discussion forum? 0-o
Redefining insurance zippy style
text to long 2500 characters? lul wut?
5000 min people 5000.........
I need this posted so I can edit it and add the rest of the post in the next post.......[/SIZE]
[QUOTE]Redefining insurance zippy style
Ok this is how I see insurance (paying against the chance something bad will happen then covering the cost of fixing it).
Insurance is gambling you are paying their rates as they gambling with your money and hedge it aginst your health and wallet and their profit….this is not a good thing
Whatever you pay is multiplied by one thousand, say 100$ a month on self health insurance(doctors visits, accidents, ER visits ,ect) is 100K a year if you hit the 100K limit you have to pay 200$ for a year but are covered up to 1 million until the monthly doubles again to 400$ for a year’s time. When the time limit is up the payments drop back to whatever the last 12 months payout was either under or over 100K or over 1M. This can be applied to car insurance where damages to others are covered before your own losses. The premium or monthly never goes up until you hit the yearly limit of the plan. Plans would focus on property (house or car not both) in which case accidental claims against you are paid before your losses are covered. And health and perception plans(again both separate) so in total 400$ a month for up to 400K in total insurance, meds and health insurance with about 200K of it going to accidental claims against you.
The system world work with the policy being bought and sold by businesses struggling to get the best spread of good and bad customers since plans and claims cannot be denied(they can be denied if fraud is involved, which should be a automatic felony) the system will be shifting stuff around making money via investment and diversifying the unused proration of its profits.
I recon 100X 10K = 10 million the majority of claims would be under 100K and total less than half while a few say 10-20% will use about half of it.
To further balance it max claims are set at 80% or so of your limit to get a claim that covers more than the limit you need to pay at minim 1000th of the max so 1200 a month gets you automatically covered for 1 million, 120 a month gets you about 100K but since most things houses aside fall under 100K you can have 20$ and 50$ a month plans..
This gets rid of extra housing/renting insurance no dividing water and fire and all that BS, with 100K or so people in this system you’ll have 100 million right there to play with between loans moving money around and black listing abusers and try and keep people up to date with housing codes and doctor visits(otherwise they lose part of all of their coverage for non compliance) this could well revolutionize the insurance system…or send the world into the sun…either way there’s no “day after Katrina” BS….