I reveal the secret that insurance companies are hiding! The ultimate method for getting car, home, contents, life insurance, and private health insurance, while paying no premiums to insurance companies.
Chapters
0:00 Insurance is flawed
0:12 What happens if you claim on your insurance?
0:31 Your insurance policy canceled
0:51 Sports closing your account
1:45 Insurance company refuses to cover you
2:39 What happens if you make too many insurance claims?
2:55 Ideal Insurance
3:15 Becoming uninsurable
3:34 Insurance gives you peace of mind
3:44 Claim rejection rate of insurance
4:09 Insurance claims are never rejected
4:20 Insurance duty of disclosure
6:12 What’s not covered by your insurance
8:20 How much do you get back on insurance
8:29 Claiming back 100% of your insurance premiums
8:48 Self-funded insurance
9:36 Making money on your insurance premiums
9:46 Not making an insurance claim
10:00 Self-insurance rules
10:26 Sebastian’s warning to you
11:15 Sebastian being Jabba the Hutt
11:36 Making claims on your insurance
12:30 Guaranteed insurance payout
12:40 Insurance companies rejecting your claim
13:12 Having an insurance pool
13:40 Investing premiums in the stock market
14:00 How to start self-insuring
14:58 Extras on insurance policies
15:40 Maximing insurance excess
16:28 Insuring more expensive items
16:40 Dental insurance
16:50 Contents insurance
18:24 Having a car insurance policy
18:35 Home insurance
18:58 Private health insurance
19:15 Unemployment insurance
20:00 Having a life insurance policy
20:38 Claiming on your insurance during a stock market crash
21:48 Who should not self-insure?
23:18 Self-insurance annual conferences
23:32 Insurance pot too large
24:33 Potential insurance risks
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Watch next: You ALWAYS Lose When You Buy Insurance! https://www.youtube.com/watch?v=QTGfQWth1nY
Thanks SSJ, just to chime in, I think income protection (IP) insurance is a good thing worth a look at too. Currently, a single incoming family, working in IT and I bend down a lot to fix stuff. I am paying $110 a month for a $4200 monthly cover should I get injured and the insurance pay till I am 65. Bonus, IP can get a tax return at the end of FY.
This is one of the best videos I have seen in a long time. Thanks Sebastian!!!
That Jabba impression was so funny! I never wet myself. And I'm find this self insurance ideal pretty compelling. Though I haven't done it before
Another great insight thanks SSJ.
I've been doing something similar with smaller valued insurance exposures,
I swear too you those are my abs!, Because I self insure I have very little left to buy food..;-)
Brilliant. You've given me some great ideas.
Thank you for another insightful video. Yep, we self insure. To be honest not based on any great financial wisdom, more fear.
I'm done sitting tight for the award advance since i acquire $23,000 every 12 days of my investment.