Posts Tagged ‘Risk Insurance’

How exactly does insurance affect our economy?

Wednesday, November 18th, 2009
lauritaingp asked:


I understand the basics of insurance. That is the transfer of risk. That insurance companies bet on getting more in premiums than they have to pay out in claims. What I’m trying to understand is, how deeply insurance, our ability to purchase it, affects our economy. Please if you could give me some answers regarding this or point me to a site where I can find more information it would be great.

What is the least amount of car insurance I need to have on a car that doesn’t have a loan on it?

Thursday, November 5th, 2009
Amanda asked:


I live in Wisconsin and havent had insurance in about four years. I am getting married in six months and my fiance’s insurance agent said that I should get insurance now, six months before the wedding, so that once we get married and I get added onto his insurance, I won’t raise his insurance since I am considered high risk since I havent had insurance the last six months or more. So, if I get insurance on my won for six months, it will be high risk for those six months, but then six montsh from now, I won’t be high risk, which will be good becasue six months from now is when i would get married and added onto his insurance.

Now, I am going to get insurance on a car that doesn’t have a loan on it, and I am wondering how much insurance I need? What is the least amount of insurance I could get on my car, so that in six months I won’t be high risk anymore?

P.S. I live in Wisconsin, where it isn’t illegal if you don’t have insurance on your car.