Having recently declared myself a real life adult, I’ll occasionally ask the more experienced for help understanding some stupid adult concept.
First of all, what the F is an insurance deductible? I mean, I understand the concept, but how can the company get away with it?
Let me get this straight. I pay an ungodly amount of cash every month to a company so that if something unexpected happens and I need money, they will help me out. But in the event of something unexpected actually happening, the company expects me to pay a “deductible” before they’ll give me the money that I already paid them. If I hadn’t given them all that money in the first place, I’d probably be able to cover whatever the cost was myself, plus pick up a cheap PS2 with the leftovers. What is the point of a deductible? It’s like a kick in the face while you’re doubled over after already being kicked in the nuts. Is it just me or does paying a deductable feel like extortion?
But hey, I’m just 23, so I welcome any explanation.
The insurance companies expect you to only come to them for major expenses. They want you to take care of little things out-of-pocket. This is there way of making sure you do that. You can get insurance with zero deductible, but of course it costs more every month.
I guess it just feels like a penalty for getting what you’ve paid for.
Think of it this way. Insurance is like asking your parents for money when something terrible happens (”hello mom, the roof blew off the house”). So, you wouldn’t want to ask them for cash for something small. You don’t need a PS2 anyway. I think I can get you a Sega Genesis if you are interested.