In this decadent Europe, what is a universal and seemingly unsolvable phenomenon, the depreciation of the currency, is repeating itself. It is certainly not possible to plan for the future without taking inflation into account.
Regarding insurance, two years ago at this time I cancelled my life insurance. Paying about 600 euros a year seemed to me a small robbery. Regarding other types of insurance, I do not have health insurance, in principle the State covers the care of any citizen. I have the apartment insured and I also pay a professional liability insurance, which keeps going up every year.
Happy weekend.
Yeah it's an issue with so many moving parts and does anyone really know what's causing it or how to fix it? Who knows huh?
With insurances, it always seems an easy thing to drop off especially if no claims have been made but it can be problematic. One of the issues with rising premiums here is that people are pulling out of their policies and that leaves less income for the insurers to spread the load/risk over and that means the premiums for those who stay go up.
So many problems huh?
Yes, there are many things that are related to each other. It's like a snowball that keeps getting bigger and bigger. If you don't pay the insurance, the insurance goes up in price and if the price goes up, less people pay....
Happy Sunday (maybe a little early)