Clark Howard: 05.18.17
The Clark Howard Podcast
Clark Howard
4.6 • 4.9K Ratings
🗓️ 19 May 2017
⏱️ 74 minutes
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| 0:00.0 | Thanks for downloading this show from PC1. Before we get rolling, here's a word from one of the folks who helped bring you this podcast. |
| 0:07.0 | The following program is a podcast1.com production. |
| 0:15.0 | I'm so glad you've joined us here on the Clark Howard show where we learn together to save more and spend less. |
| 0:23.0 | And don't let anyone ever rip us off. |
| 0:26.0 | Clark.com is the web address. |
| 0:29.0 | Clarkdeals.com is where you find the bargains and coming up in 20 minutes, there's an organization I kept getting calls about that people wanted to invest in and get rich. |
| 0:42.0 | Well, turned out to be a Ponzi. |
| 0:44.0 | Got an update for you in the carcragious moment. |
| 0:47.0 | And in a half hour, Airbnb, it is a great way potentially for you to book a family stay, but it requires more work on your part than booking a hotel. |
| 1:02.0 | I want to take you through some of the ways you can avoid the traps of renting somebody else's place. |
| 1:12.0 | There's such a big push for people to buy what I call single-purpose insurance, like accident insurance or to buy insurance for cancer or to buy it for any narrow thing. |
| 1:35.0 | Buying a coverage on your TV is an example of a narrow policy. |
| 1:41.0 | And I want to tell you that I am not ever excited by you buying something that is a narrow policy. |
| 1:52.0 | Okay, let's take the example when you buy an accident policy. |
| 2:00.0 | So what it says is if you are injured in an accident, it will pay so much money towards your bills. |
| 2:06.0 | If you're killed in an accident, it pays a huge amount of money to your survivors. |
| 2:11.0 | And the premiums are teensy tiny. Why? |
| 2:15.0 | Because the risk that you're going to be injured or die in an accident, because you're taking a narrow thing, is small enough for the insurance company. |
| 2:27.0 | They can sell you an eye-popping-sized policy at a relatively small premium. |
| 2:35.0 | The pitch for the cancer policies is one in three of us are going to have cancer at some point, and you need to ensure against that. |
| 2:47.0 | Alright, so here's my thing. |
| 2:50.0 | With you facing something that would be an accident, or you ending up with cancer or whatever, the answer is all about having good health coverage. |
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