Do you have insurance?
Re: Do you have insurance?
I think you're mixing it up.Kammekor wrote: ↑Tue Nov 06, 2018 9:39 amzmth wrote: ↑Mon Nov 05, 2018 9:16 amNEVER buy insurance ! Unless u like to gamble. The house always wins in the end for the average person. How do u think insurance companies make money ? Just be logical and DON'T EVER think about buying any insurance of any kind.explorer wrote: ↑Wed Oct 24, 2018 5:00 am I know some people work for NGOs or large companies who provide insurance.
Many people having short holidays also have insurance.
It is also politically correct to say everybody should have insurance.
Those of you staying in a country other than your home country for a long time, who dont have insurance paid by an NGO or company, do you have insurance?
I have already mentioned in another post, I have made a choice to help students from poor families get an education. By not having insurance, I have money to help more students. There is a possibility that I may be in a difficult situation one day, and then maybe nothing like this will happen to me. You never know.
The house wins for the group of insured people as a whole, and they lose on the unlucky individuals contacting a serious disease or being in a serious accident.
But as long as you're not one of the unlucky persons you're right.
<edit for typo>
Re: Do you have insurance?
I believe you need to have an appropriate Australian license, and an appropriate Cambodian license.
## I thought I knew all the answers, but they changed all the questions. ##
-
- Expatriate
- Posts: 467
- Joined: Fri Aug 04, 2017 10:57 am
- Reputation: 184
Re: Do you have insurance?
Often wondered what the story is if I'm getting a ride with a motodop, have an accident and i'm damaged. Maybe he doesn't have a license, or maybe he's o.k and does a runner. Pretty much the most dangerous thing I would do in Cambodia and probably not covered. And not as tho when those guys on the corner are shouting "hello moto" I'm gonna say "excuse me do you gentlemen have licenses?"
- phuketrichard
- Expatriate
- Posts: 16882
- Joined: Wed May 14, 2014 5:17 pm
- Reputation: 5784
- Location: Atlantis
Re: Do you have insurance?
LOL:
bikes under 125 you dont need a motorcycle license in Camboida, correct?
and to get a Cambodian motorcycle license u need a long term visa, correct>
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
Re: Do you have insurance?
There are 2 different issues.phuketrichard wrote: ↑Tue Nov 06, 2018 2:21 pm bikes under 125 you dont need a motorcycle license in Camboida, correct?
1. Will you get booked by the police?
2. Will the insurance company pay out?
I believe, for the insurance company to pay out, you need to have an appropriate Australian license, and an appropriate Cambodian license.
## I thought I knew all the answers, but they changed all the questions. ##
Re: Do you have insurance?
The number of people cheating, false claims etc. makes the odds worse for the average person on top of the profit of the insurance companies.
- newkidontheblock
- Expatriate
- Posts: 4467
- Joined: Tue May 20, 2014 3:51 am
- Reputation: 1555
Re: Do you have insurance?
If the house loses and goes broke, no more coverage for anyone.Kammekor wrote:The house wins for the group of insured people as a whole, and they lose on the unlucky individuals contacting a serious disease.
But as long as you're not one the unlucky persons you're right.
Of course it’s an odds game. But gambling with you’re life. If one has a nest egg worth more than the coverage in the policy (and if the policy only pays out once), then it’s worth not having insurance. Otherwise insurance pays for coverage of conditions that can either occur multiple times or multiple conditions.
However if you are only abroad for a short period of time, have enough to cover a catastrophic condition and can cover airlift back, then insurance might not be a bargain.
Re: Do you have insurance?
I ask the question with the Australian embassy here is their relay they did try to get the answer but I think riding a bike without a Australia bike licence I'm not insured
I'm standing up, so I must be straight.
What's a poor man do when the blues keep following him around.(Smoking Dynamite)
What's a poor man do when the blues keep following him around.(Smoking Dynamite)
Re: Do you have insurance?
Some worry about the insurance companies making too much profit, others worry about them going broke....newkidontheblock wrote: ↑Wed Nov 07, 2018 5:57 amIf the house loses and goes broke, no more coverage for anyone.Kammekor wrote:The house wins for the group of insured people as a whole, and they lose on the unlucky individuals contacting a serious disease.
But as long as you're not one the unlucky persons you're right.
Of course it’s an odds game. But gambling with you’re life. If one has a nest egg worth more than the coverage in the policy (and if the policy only pays out once), then it’s worth not having insurance. Otherwise insurance pays for coverage of conditions that can either occur multiple times or multiple conditions.
However if you are only abroad for a short period of time, have enough to cover a catastrophic condition and can cover airlift back, then insurance might not be a bargain.
Maybe I'll just buy some gold and hide it under my pillow nd use when shit hits the fan.
-
- Expatriate
- Posts: 3065
- Joined: Mon Dec 01, 2014 11:36 am
- Reputation: 677
Re: Do you have insurance?
Or you could invest.Kammekor wrote:Some worry about the insurance companies making too much profit, others worry about them going broke....newkidontheblock wrote: ↑Wed Nov 07, 2018 5:57 amIf the house loses and goes broke, no more coverage for anyone.Kammekor wrote:The house wins for the group of insured people as a whole, and they lose on the unlucky individuals contacting a serious disease.
But as long as you're not one the unlucky persons you're right.
Of course it’s an odds game. But gambling with you’re life. If one has a nest egg worth more than the coverage in the policy (and if the policy only pays out once), then it’s worth not having insurance. Otherwise insurance pays for coverage of conditions that can either occur multiple times or multiple conditions.
However if you are only abroad for a short period of time, have enough to cover a catastrophic condition and can cover airlift back, then insurance might not be a bargain.
Maybe I'll just buy some gold and hide it under my pillow nd use when shit hits the fan.
Say in Australian banks,deemed safe.
Will you win?
Does this make insurance a good idea?
Dunno, just asking for opinions.
Sent from my SM-G570Y using Tapatalk
-
- Similar Topics
- Replies
- Views
- Last post
-
- 10 Replies
- 2623 Views
-
Last post by cabron
-
- 44 Replies
- 6033 Views
-
Last post by violet
-
- 1 Replies
- 1392 Views
-
Last post by Clutch Cargo
-
- 45 Replies
- 13000 Views
-
Last post by truffledog
-
- 2 Replies
- 939 Views
-
Last post by Bluenose
-
- 30 Replies
- 17662 Views
-
Last post by truffledog
-
- 1 Replies
- 1861 Views
-
Last post by Soriya
Who is online
Users browsing this forum: Ahrefs [Bot], Big Daikon, Bluenose, truffledog and 620 guests