Quote:
Originally Posted by Shazam
Were there ever days like that? I remember reading the fine print back in the 90s.
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It'd cost you extra money and a bit of pushing and shoving, but you'd basically have some form of coverage and adequate meant out of pocket a frustrating amount in the worst case scenario. There wasn't much in terms of scenarios that might be life ruining financially if there was a gap in the coverage (ie: <$80K).
Now there's many obvious gaps and many more potential scenarios, and many more of them that are relatively common where it'd be brutal to borderline life ruining if the coverage wasn't adequate (ie: $80K+).
I agree about reading fine print. People today still don't read it. Forget reading them for benefits that they're choosing to forgo. It's coverage, it's loans etc. and they're bleeding a #### ton of money that they don't need to bleed out. I was reading leasing agreements where the effective rate was like 28%. I was basically yelling at them to finance it at <10%. "We've always leased".