How Do Health Insurance Businesses Make Money?

How Do Health Insurance Businesses Make Money? 

Ans- Insurance is a transfer system, like Social Security. Premium payers cover claims for the claimants. The insurance company makes a tiny sliver of that plus some of the investment income off reserves.

Profit or non-profit doesn't really have a direct affect on the premium you pay. If that were the case, then the non-profits would be blowing the doors off the profit-companies, but that's not the case. 

Profits are so slim, that the difference isn't significant. They are there to help people. If you're faced with a $25,000 hospital bill and you don't have to pay it, then I think it's safe to call that help.

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Does home owners insurance typically cover stolen items?

Does home owners insurance typically cover stolen items?

Ans- There is many conditions on this type of claim like- If his name wasn't included on the policy, you file a police report and press charges, and your policy doesn't have a theft exclusion.

You have limited coverage under your policy –

1.    Jewelry,

2.    Collectables,

3.    Cash, and

4.    Several other things, 

are subject to a "special limitation of coverage" for loss by theft.

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