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A video that explains why insurance is a necessity for everyone in a modern society



See the full video athttps: //youtu.be/o4nT7nDM4lY

Neither the courts nor government agencies seem to be aware that insurance in a modern, capitalist society is a necessity. No wise person takes the risk of starting a business, buying a home or driving a car without insurance. The risk of losing everything would be too great. By using insurance to spread the risk, taking the risk of starting a business, buying a house or driving a car becomes possible.

Insurance has existed since a group of Sumerian farmers, more than 5,000 years ago, scraped together a clay tablet as if one of their numbers lost its harvest to storms, the others would pay part of their income to the injured. Over the years, the insurance has become more sophisticated, but the deal is basically the same. An insurance company, whether it is an individual or a business unit, takes fees (premiums) from many and keeps the money to pay the few who lose their property from any accident, such as fire. The agreement, a written agreement to pay compensation to another if a certain problem, disaster or injury occurs by accident, is called insurance.

In a modern industrial society, almost everyone is involved in or with the insurance business. They insure against the risk of getting sick, losing a car in an accident, losing business due to fire, becoming disabled, losing their life, losing a home due to flood or earthquake, or being sued for accidental damage to another. They are insurers, insured or people who depend on each other.

In order to protect the public, to eliminate lawyers like the one quoted above, insurance authorities and legislators decided to require insurers to write their insurance policies in "easy-to-read" language. Because they were required by law to do so, insurers changed the words of their contracts to languages ​​that people with a fourth-grade education could understand. Exact language interpreted by hundreds of years of court decisions was divested and replaced with incorrect, easy-to-read language.


© 2020 – Barry Zalma. He also acts as an arbitrator or mediator for insurance-related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims lawyer and more than 52 years in the insurance industry. He is available at http://www.zalma.com and zalma@zalma.com.

Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.

For the past 52 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurers and their claims staff to become professionals in insurance claims.

https://zalma.com/zalmas-insurance-fraud-letter-2/ Last read two issues of ZIFL here.

Go to Barry Zalma videos on Rumble.com at https://rumble.com/c/c-262921 [1965654] Read posts from Barry Zalma at https://parler.com/ profile / Zalma / post

Listen to Podcast: Zalma om försäkring https://anchor.fm/dashboard/episodesZalma om försäkring

Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg/

Go to the Insurance Claims Library – https: //zalma.com/ blog / Insurance -claims libraries /

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