Originally Posted by dennisgg
I hope I didn't offend by that, I didn't mean to. I made the comment based on an insurance company is a company that, like the majority, is trying to make money. This is not to say that is wrong, if it weren't for companies making money there would be no jobs. Insurance companies gamble that these disasters won't happen and the customers are gambling that they will hoping they make out in the long end (by the recovery/repair will be more money than they paid for the insurance over a course of time). I realize that insurance companies do help, but they are not to be compared to the Red Cross or other non-profit organization that volunteers and is run on charity donations. Insurance companies are profit-oriented businesses. I help people with computer and network problems, disaster recovery (business IT side), etc., but I work for a profit company. I try to help my customers in any way they need, but the money the company makes helps keep me in a job. I am not the same as a volunteer helping poor with computer problems. Your job sounds very noble and very difficult (I could probably not do it as I would not be able to handle seeing such suffering and dying), but if you wanted to go above an beyond what the requirements of helping were, your company would probably not appreciate the extra costs, like mine if I gave away a bunch of my time free.
I hope I cleared up my comment.
Once again, I apologize if I offended you,
Thank you for the note, no offense taken...
While you are correct, an insurance company is a "for profit" business, you want your insurance company to be profitable. You want your insurance company to make money, and make LOTS of it for years and years. Why? Because when something like Katrina hits, it will take every bit of it and wipe out all of those previous years profits. You certainly don't want an insurance company to "not make money". Why? Where will the money come from if you have a claim?
Insurance companies realize exactly what could happen. It is not a gamble. Especially after hurricane Andrew, companies realized the importance of being ready with something major hits. They have worked with the federal and state governments to make sure those that want insurance, can get it from some place. I won't speak for all companies but I have been working for mine long enough to know one simple thing, when something like this happens they will spare NO expense doing everything they can to help. They will bring in toys for kids who have lost all of their stuff, they will have water, coffee, snacks, they will let people use our phones, faxes, they will help people find someplace to stay, whatever. None of which is "covered under the policy" but it is the right thing to do. You are correct, we do not pay for damage that is not covered, we do not go around handing out money to those that did not have insurance. But if everyone had bought insurance, the right type with the right coverage, then all would get some money. And I understand that some have to choose between eating and buying insurance and this is where in almost every case, the federal government will step in.
Also, people who by insurance should not look at it as a gamble or "savings account". Insurance works by a very simple principle, a lot of people pay premiums that cover the claims of just a few. Insurance does not and cannot work if everyone turns in a claim. You buy insurance for the piece of mind it brings you and for the rare times something happens.
No offense was taken and I certainly didn't mean to sound like I do my job for free. We made a promise to those that bought our product, and I feel great that I get to help honor that promise and help them get their life back together. And I agree, I often work right next to, in the same tents, in the same office with the American Red Cross or other organizations. They are wonderful people!