How Does Insurance Work?

by MOINSBD

Insurance, it’s the annoying necessity that we all pay for to make sure we don’t end up in massive amounts of debt if our house burns down, if we crash our car, or if something tragic happens.

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Insurance helps us maintain peace of mind, knowing that even if something bad does happen, someone else is going to pay for what it costs to fix it. Though, to an untrained eye, this can be a little perplexing. I mean, if you pay $200 a month for home insurance and after only 6 months your home burns down, the insurance company will buy you a new home, likely in the manner of hundreds of thousands of dollars. But, you would’ve only given them $1200. Why would they do that? That’s the power of insurance, baby.

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29 comments

aishwarya January 11, 2021 - 2:25 AM

love this vid

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Rebecca King January 12, 2021 - 8:20 PM

PLEASE WARN PEOPLE! I knew that I wasn't going to earn enough money this year to qualify for Obamacare so I assumed that my coverage would end at the end of 2020. However, Anthem enrolled me in a new plan without my consent and I just got a letter today showing that they stole almost $500 from my checking account to provide insurance coverage for ONE MONTH! If I had picked a plan myself I probably would have paid nothing due to my present income. I am sure this has happened to plenty of other people too, who can least afford it. I am sure many people like myself thought that their coverage would end if they didn't choose a plan. I can't believe they had the audacity to steal a month's wages from my checking account without my consent! I would appreciate it greatly if you would warn others about this. I am sure that I am not the only one who got cheated this way.

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Shorty March 2, 2021 - 11:32 PM

I LOOOOOOOOOOOOOVED THIS KEEP UP THE WORK PLSSSS

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Force Induction March 4, 2021 - 2:10 PM

U got a new subscriber, fun way to learn things. Love the humor

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No One March 11, 2021 - 7:43 PM

is there insurance for being canceled? xD

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ProgSea March 16, 2021 - 11:29 PM

Nice video 🙂

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Richard Adan Wais March 31, 2021 - 5:05 PM

I don't think that insurance covers me up all my necessity

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Galaxy_World April 2, 2021 - 10:09 AM

Oh ty

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Tiffanyishungry April 9, 2021 - 1:05 PM

if classes were like this, i would already have straight As HAHHAHA

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Shauntae France April 18, 2021 - 4:36 PM

I love it you remind me of the guy from zombie land! Im going to have to watch this again.

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Javier Johnson April 29, 2021 - 10:39 AM

where (or how) do you get these videos you use? Great video btw

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Mr salim 255 May 2, 2021 - 11:01 AM

Such a good video 😍😍😍

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Heidi Du Pont May 25, 2021 - 9:55 PM

I sell Insurance,this video was well done.Thank you.

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Akash Rathod June 6, 2021 - 5:34 AM

Good information. Thank you.

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Ryua June 28, 2021 - 10:00 PM

THANKYOU FOR THIS. THIS CLEARED A LOT OF CONFUSIONS OUT OF MY HEAD! I SUBBED! THANKYOUUUUU!!! I NEED THIS FOR MY WORK!

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Tamara Thomas July 8, 2021 - 8:56 PM

interesting

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Hauser Jolie July 12, 2021 - 8:06 AM

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Amanda Cestika July 12, 2021 - 3:15 PM

Thanks

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Michael Reyes July 13, 2021 - 12:06 AM

you are so underrated !!!

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insurfy sea July 15, 2021 - 11:19 AM Reply
Phillippa Hausi July 16, 2021 - 11:09 AM

The best video explaining insurance in the simple form. Thanks

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Ammar Mostafa July 18, 2021 - 12:40 AM Reply
Insurance Explained July 19, 2021 - 7:33 PM

This is the type of stuff I wished I learned in school. Thanks!

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Mr X July 29, 2021 - 11:02 AM

What if insurance company go bankrupt.

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Nobody August 9, 2021 - 5:08 PM

I am watching this multiple time cause in 8 hours, I'll have my final interview with an insurance company. OMG I have no idea how insurance works HAHAHAHAA

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Kolapo Kafidipe August 26, 2021 - 4:27 AM

4:15 🤣🤣🤣

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Rad Random September 3, 2021 - 9:04 AM

I love this video.

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Rad Random September 3, 2021 - 9:12 AM

If this was an ad video in yt I would watch it till the end.

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Christie McPeters September 8, 2021 - 7:32 AM

Nice video!

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