Definition: The term "why insurance so expensive" suggests a sense or feeling of frustration or disappointment with the cost of providing insurance coverage to one's loved ones, friends, or family members. Here are some possible definitions of the word: - Cost: The monetary amount spent on purchasing or maintaining an insurance policy. This could include premiums, deductible amounts, out-of-pocket expenses, and other costs associated with the coverage. - Price: Another term for cost. It refers to a fixed amount set by a government, insurance company, or other organization that is charged for an item or service. - Cost per dollar: A measure of how much it costs to purchase one unit of something (such as a car, house, or appliance). This can be used to compare the cost of different products based on their value and durability. - Expense: The out-of-pocket expenses required for maintaining a medical bill, property damage, or other type of insurance claim. This could include doctor's visits, hospitalization costs, repairs to damaged property, and other expenses related to an incident. - Inclusive: A term used in financial terms to describe having all the necessary expenses covered by your health insurance policy. - Rate: The price per unit of something (such as a car, house, or appliance). This can be calculated based on factors such as fuel cost, maintenance costs, and depreciation. - Premium: The total amount that a policyholder pays for an insurance plan. It is usually based on the level of coverage provided by the insurer and the premium rate determined by their risk assessment process. Overall, "why insurance so expensive" suggests dissatisfaction with the cost of providing insurance coverage to loved ones or friends, often due to unexpected out-of-pocket expenses or lack of financial resources. This can lead to frustration and a desire for more affordable or comprehensive solutions.

why insurance so expensive