Mome reads Mommy, My daughter's way to spell it when she was younger... It stuck. My son calls me Mome... just like it looks. I now sign all my notes to them "Love, Mome". It's our inside secret and makes them smile. I always want them to smile.

Saturday, October 25, 2008

Thought of the Day


Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of a guaranteed small loss to prevent a large, possibly devastating large loss.

Is there anything we can not buy insurance for? Anything we shouldn't buy insurance for?

We have homeowners insurance, car insurance, life insurance and medical insurance. We can insure our credit card purchases for (in my opinion) a very steep fee. There's travel insurance, liability, casualty and disability insurance.

Did you know?

If you live in, or operate a business in a High risk location such as Columbia or Peru, you may even obtain Kidnapping and Ransom Insurance?

K&R policies are typically for the purpose of recovering losses due to kidnap, extortion, hijacking and wrongful detention. Really? Why would anyone want to live in a place where this is even available?

1 comment:

  1. My parents live in Colorado and out thee they have Mine Insurance just incase there are tunnels under your neighborhood and your house collapes!


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