Insurance or assurance of higher premiums

Insurance means:

1. the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.
2. coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract.
3. the contract itself, set forth in a written or printed agreement or policy.
4. the amount for which anything is insured.
5. an insurance premium.
6. any means of guaranteeing against loss or harm
from Dictionary.com


Looking at that definition, why do we hate the insurance guys? They collect their premiums faithfully and raise them every year. On the other hand, you may hardly make claims and remain a good customer.

So what is the problem? Health insurance is CRAZY here in the BVI. If you are not in a big group, you are in trouble because individual premiums are expensive, especially with a family. With Auto Insurance, you can get good rates but there are certain companies who work tirelessly to screw you over. They dig in to your business and have conversations about you with the 'world' - and you are insured with them! the Life Insurance guys can get away for now but they also need to research new policies to offer us here.

I obviously do not care for the auto guys because on two occassions, I have had bad interactions with them. Nevertheless, we need them. I ask people to review their policies closely and if you are not happy - SWITCH. They like to tell you that you cannot have comprehensive insurance on vehicles over three years, yet they lie because they can offer it.

Maybe it is a vendetta against me - no because everyone complains.

So, switch, switch, switch...........