Insurance Property Quotes & Sayings

There was more than one way to think about Mike Burry's purchase of a billion dollars in credit default swaps. The first was as a simple, even innocent, insurance contract. Burry made his semiannual premium payments and, in return, received protection against the default of a billion dollars' worth of bonds. He'd either be paid zero, if the triple-B-rated bonds he'd insured proved good, or a billion dollars, if those triple-B-rated bonds went bad. But of course Mike Burry didn't own any triple-B-rated subprime mortgage bonds, or anything like them. He had no property to "insure" it was as if he had bought fire insurance on some slum with a history of burning down. To him, as to Steve Eisman, a credit default swap wasn't insurance at all but an outright speculative bet against the market - and this was the second way to think about it. — Michael Lewis

Finally, in regard to those who possess the largest shares in the stock of worldly goods, could there, in your opinion, be any police so vigilant and effetive, for the protections of all the rights of person, property and character, as such a sound and comprehensive education and training, as our system of Common Schools could be made to impart; and would not the payment of a sufficient tax to make such education and training universal, be the cheapest means of self-protection and insurance? — Horace Mann

The Buddha referred to married people as "householders." He even gave clear instructions as to how one should be a good householder: Be nice to your spouse, be honest, be faithful, give alms to the poor, buy some insurance against fire and flood ... I'm dead serious: The Buddha literally advised married couples to buy property insurance. — Elizabeth Gilbert

Nathanael hadn't delivered any specific message; the angel's parting words, which had boomed out across the entire visitation site, were the typical Behold the power of the Lord. Of the eight casualties that day, three souls were accepted into Heaven and five were not, a closer ratio than the average for deaths by all causes. Sixty-two people received medical treatment for injuries ranging from slight concussions to ruptured eardrums to burns requiring skin grafts. Total property damage was estimated at $8.1 million, all of it excluded by private insurance companies due to the cause. Scores of people became devout worshipers in the wake of the visitation, either out of gratitude or terror. Alas, — Ted Chiang

The business aspects of the Fourth of July is not perfect as it stands. See what it costs us every year with loss of life, the crippling of thousands with its fireworks, and the burning down of property. It is not only sacred to patriotism and universal freedom, but to the surgeon, the undertaker, the insurance offices - and they are working it for all it is worth. — Mark Twain

Value investors will not invest in businesses that they cannot readily understand or ones they find excessively risky. Hence few value investors will own the shares of technology companies. Many also shun commercial banks, which they consider to have unanalyzable assets, as well as property and casualty insurance companies, which have both unanalyzable assets and liabilities. — Seth Klarman

Life Insurance trusts I consider sacred. To hazard the property of the dead & to lose the scanty earnings of fathers & husbands, who have toiled & saved that they may leave something to their families deprived of their care & the support of their labour, is to my mind the worst of crimes. — Robert E.Lee

When the mass of families in a State are without property, then those who were once citizens become virtually slaves. The more the State steps in to enforce conditions of security and sufficiency; the more it regulates wages, provides compulsory insurance, doctoring, education, and in general takes over the lives of the wage-earners, for the benefit of the companies and men employing the wage-earners, the more is this condition of semi-slavery accentuated. — Hilaire Belloc

Justice is the insurance which we have on our lives and property. Obedience is the premium which we pay for it. — William Penn

While a reverse mortgage can indeed be a viable way to generate income, it is very important to understand that after you take out a reverse mortgage, you will still be responsible for paying the property tax, the insurance premium, and all the maintenance costs for your home. — Suze Orman