Understanding Insurance: What Do You Get for Your Premium?

Buying an insurance policy doesn’t give you immediate gratification in the way that buying a TV, a washing machine or any other item you use on a daily basis does. In fact, we often hear clients say:

“I’ve never been in a car accident.” Or “I never get sick.” Or “My employees have never been hurt on the job… So what am I getting for my premium?”

That’s a great question. And the answer requires a shift in thinking, as well as a little history about insurance coverage and its original purpose.

What Am I Buying?

In a nutshell, insurance is an important but intangible product. It buys you protection and peace of mind.

A good insurance policy allows you to protect:

  • Valuable assets in which you’ve invested a great deal of money, such as your home, car, boat, motorcycle or jewelry
  • People you care about and would want to help should they be physically harmed: your children, spouse and employees

Insurance also gives you peace of mind, knowing that:

  • You’re not gambling with your financial security
  • If something bad happens, it won’t financially destroy your business or put your family into bankruptcy

While you may not be able to hold these things in your hand, they are of value.

How Does Insurance Work?

The concept of “risk” is the single most important thing to understand. Insurance involves the pooling of similar types of risk and the transfer of that risk to a central entity, such as an insurance company that agrees to cover the costs of future “losses.” Depending on the type of insurance, a loss could be an illness, a car accident, a workplace injury, a hailstorm, crop damage, a fire or other life events that could prove financially devastating to an individual, family or business.

Customers pay a predictable premium in exchange for protection against such catastrophic events. In fact the term “catastrophic” is another important insurance concept. Originally, insurance was developed as protection from catastrophic, overwhelming losses, rather than everyday expenses.

A Bit of History

The origins of insurance date back to the 3rd millennia B.C., when Chinese merchants travelling treacherous river rapids would redistribute their wares across many vessels to limit loss due to any single vessel capsizing. They were, in essence, spreading their risk, much like an insurance company spreads its risk across many policies.

Insurance in the 21st Century

So here’s what you need to know about shopping for an insurance policy today:

  • You’re buying protection-an intangible product that you hope you’ll never need, but will be tremendously thankful to have should something bad happen.
  • The most basic insurance policies cover catastrophic events only-not day-to-day expenses, but the big costs that could wipe you out financially.
  • There are literally hundreds of insurance options available today, to fit every budget. Basic plans are a godsend to folks on a budget, while those who have the means may want to purchase a far more inclusive policy. The choices in between are almost limitless.
  • Your agent should be able to both simplify the complexities of insurance while presenting you with a number of options tailored to your needs and budget.

Perhaps the most important lesson about insurance: Don’t go without it. Financial catastrophes usually come hand-in-hand with emotional trauma. The last thing you need is to be worried about money at a time when you should be tending to your loved ones or employees.

If you don’t have an insurance agent, search online for someone local. Talk to several agents and pick one who doesn’t “push products” but, rather, listens to your needs and tailors a plan specifically for you. Developing a one-on-one relationship with an agent now is something you’ll be thankful for if, down the road, you, your family or your business should experience a catastrophe.

The Roulette Betting Strategies That Work For Me

Roulette is one of my favorite casino games which able to make me some winning money especially from online casinos. Although I did not win at all my bets, but I am able to exit with net winnings almost daily by using some of strategies I picked from free casino eBook with titled “Roulette Winning Betting Strategies Revealed”. Let me share one of the strategies that work for me.

I was invited to review the eBook with titled “Roulette Winning Betting Strategies Revealed” written by Kevin Belington. I found that it is one of the best free e-books that disclose most of betting strategies taught in other casino ebooks that sell for money. Kevin, the author of the book had explained the common strategies used by most casino players and how these strategies may cause risks if the outcomes are not results as expected. Then, he explained how he modified the common strategies so that the strategies work best for him and help him to win at casinos consistently.

I try to test each strategy at the online casino recommended by the author since I am also a registered player for that online casino. Basically, the betting strategies work find as the strategies had tried to take into consideration of various outcome possibilities. But, I found that not all the strategies suit my playing characteristics. And, these strategies will even work best for me with a minor modification. Let review one of the strategies of my best pick from the book:

64% Column/Line Betting Strategy

This strategy required you to wait for 4 consecutive Roulette’s outcomes to fall on the same column or line before you place your bet on the two columns which are not the outcomes. You need to triple your betting amount on each loss and you need to take the loss if the next 3 consecutive outcomes continue to fall on the same column as the last 4 runs when you start your bet.

How I Implement It

Although the 4 consecutive outcomes fall on the same column or line are common for Roulette, and most of time, I will be able to make winning within the next 3 runs. But, I would like to play safe and take care of the worst scenario I ever met such 8 consecutive outcomes on the same column/line and 6 consecutive outcomes on the same columns with 2 turn of zero; I always wait for 6 consecutive outcomes to happen on the same column/line before you start my bet; and I make sure my bankroll have enough money to cover to next 3 runs when there is a need to increase my betting amount if I hit the loses.

By tightening the condition from 4 consecutive outcomes to 6 consecutive outcomes that fall on the same column/line before I start my betting actions, I will need to wait at a long time for the condition to meet, but it helps me to cover for the worst condition and minimize the risk of losing my money.

Summary

The free ebook, “Roulette Winning Betting Strategies Revealed” basically is a good casino playing guide, but you need to use the strategies smartly and implement them in the best way that work best for you.

Casino Etiquette for Beginners – Top 7 Do’s and Don’ts

Below is our guide of the top do’s and dont’s at the casino. Follow our example and you will master the casino etiquette.

Do:

1. Know your limits

Surely, this is not a behavioural thing, but it will keep you from losing all of your money – believe me, amateurs are really good at blowing their money. You need to know your bankroll in order to play (relatively) stress-free. Because once you have decided the amount of money you are prepared to lose, you will expect the losses you endure, and winnings will be bonuses.

2. Know the rules

Once you learn how to play without blowing all of your money, you need to learn how to know the rules of the games (knowing every casino game is preferred, but you can learn the rules of the games you like the most and stick to them).

So, before you sit at any table, study the game online, watch a video maybe or just watch a real-life game. In addition to not pissing you opponents off, you will also increase your winning chances if you learn the rules of casino games before sitting down to a stable.

3. Know where to smoke

You may not know, but some casinos limit smoking to particular sectors of their venues. There are also those casinos which permit smoking anywhere within the premise. If you are a smoker and you have entered a casino of the latter type, you should always be considerate. Dealers and fellow players may not be smokers, but even if they are, exhaling smoke in their faces is the worst possible thing you can do.

Another thing you should always do is completely extinguish the cigarette you have put out, as otherwise a stream of smoke could rise and enter your fellow player’s personal space, and that is-you guessed it-rude and annoying.

4. Know what to bring

It is essential that you bring a watch and your cellphone to the casino. Most casinos do not feature clocks and windows. Unless you want to spend more time at the casino than you initially expected, you should be able to see what time it is.

As for mobile devices, those can be of use if you get separated from your friends and you need to call them. However, you ought to familiarise yourself with the casino policy – some casinos have a cell-phone policy under which you may be asked to leave the premise if you use your mobile device while playing.

Do not:

5. Believe in superstitions

Most casino games are based on luck. So, even if you get an authentic rabbit’s foot, it will help you win in any way. Do not think that all those weirdos wearing “lucky charms” at the casino are getting lucky because of the charms.

In fact, every bet has no connection to the previous one or the following one – it is a grave mistake to treat bets as successive events. In the end, remember that the house has an edge, and no lucky charm can get you beyond that edge. All you can do is be knowledgeable and be prepared for losses.

6. Drink excessively

Of course, since you are a first-timer, you need a drink to help you relax. But do not let this one drink turn into 100. Excessive drinking will cloud your judgement and you might spend more money than you have prepared in your bankroll. That is not all – while you may be having fun, your opponents at the table probably do not have fun.

7. Be shy

Okay, we said that you need to know the rules of the game before you proceed to playing, right? Well, now we are telling you that if you are not sure about the rules of a particular game, you should ask the dealer for advice. Did we confuse you? We meant that you should not dive in the pool if you have no idea how to swim. Once you have learned how to swim-dive-but let the lifeguard save you from drowning. Even professional swimmers are at risk of drowning, you know, i.e., even professionals need help from time to time. Do not be afraid to ask for advice when you need it.

Spider Solitaire Addiction

Addiction: Merriam-Webster defines it as “Compulsive need for and use of a habit-forming substance (as heroin, nicotine, or alcohol) characterized by tolerance and by well-defined physiological symptoms upon withdrawal; broadly: persistent compulsive use of a substance known by the user to be harmful”.

That’s right. People are addicted to cigarettes, drugs and alcohol. That’s why there are so many ways offered to wean yourself from these additions. People are addicted to other things too such as food (chocolate ranks up high in food addictions), and gambling. There are all these programs available to help people get weaned from these addictions — alcoholics anonymous, overeaters anonymous, gamblers anonymous…

A newer addiction is the addiction to the computer. People can spend hours surfing the web, or playing the latest computer games.

But the biggest addiction seems to be to Spider Solitaire. It’s so readily available. It comes for free with every Window’s installation. It takes just a few minutes to learn. You start with just one suite. Quickly move up to two suites. And then begins the challenge… Four Suites! That’s when the addiction comes. The game allows you to backtrack as many moves as you want — even all the way to the beginning of the game. You can spend hours just retrying the same game but when that game ends, whether win or lose, you’ll quickly press “new game” and start all over.

I have done a little research onto how the game has affected people’s lives. Answers I have received:

  • I stayed up all night playing
  • I didn’t take the dog for his walk (what a mess!)ï’· Supper burned (lucky for the smoke alarm)
  • Forgot to pick up my kids from school
  • Spent a full day at work just playing
  • Missed a full day of work
  • _______________________ Write in your own — no one’s immune.

The Solution

Everybody’s gone through it. There are no simple solutions. No special gum. No patches. No clinics. No support groups (who could pull themselves away from Spider to get to a group meeting). There’s only one solution. Delete the game from your computer. The one at work too. Do a good search to make sure you’ve deleted any instance of it. Then just pick up a new computer addiction (try Facebook). No other computer addiction is as bad as Spider Solitaire.