Tuesday, April 10, 2018
Insurance and responsibilities
1909 motor home
Hello, we are in North Carolina. We are fortunate to own some property here and along with property ownership comes the responsibilities of up keep. So I am a little overwhelmed with what is needed this year.
I cannot do justice to states that we have visited. So I am switching gears, again.
Short story about wills and insurance. My dad once went to see an attorney in this town, he opened with this. “I think I should have a will in case I die.”
Straight faced the attorney said to him, “Reverend I shouldn’t have to remind you, it is not ‘if I die,’ it is WHEN I DIE!”
SO, back when I had a construction company I insured myself for enough to cover any outstanding jobs. ‘In case I died!’ LOL
When I closed business I asked my son if he wanted to continue the insurance payments on my life. He asked how much the coverage was. I said about 600k$. His retort, 'If it was a million I might.'
So when I talked to the insurance man about dropping it, I asked “How much would the premiums be on a million$.” He informed me to be insured for a million dollars I would have to show a worth of 2 million. He said not just anyone can insure themselves for a Million$. He continued .........
the temptation was too great.
He didn’t finish that. So I figured he meant some money hungry heir might want to rush the insured’s final day.
I never wanted an excess of coverage, but always thought that if you could pay the premiums you could get any coverage, but I learned you cannot.
That is my deep insight for tonight. LOL