Insurance has a reputation for annoying, high-pressure salespeople, an abundance of small print, unnecessarily sold contracts, unreasonably high premiums, claims being disputed or not paid at all, and so on…
However, what many people fail to realise is that the underlying principle of insurance is, “the premiums of the many pay for the losses of the few”. Insurance is based on numbers and actuarial statistics, and is a game of risks and probabilities.
Here is our collection of 25 provocative and disputable insurance quotes. Some quotes are controversial and thought-provoking; some are even amusing. They are sorted in chronological order by the birth year of the author. Enjoy!
which we have on our lives and property.
Obedience is the premium
which we pay for it.
(1644-1718; English real estate entrepreneur)
in which the player is permitted
to enjoy the comfortable conviction
that he is beating the man who keeps the table.
(1842-1913; American journalist, fabulist, and satirist)
they always argue that I shall someday die,
which is not so.
(1869-1944; English-born Canadian teacher, writer, and humorist)
I have saved enough money in the last forty years
on insurance premiums alone
to buy another medium-sized castle in Tuscany.
Ludwig Mies Van Der Rohe
(1886-1969; last director of Berlin’s Bauhaus,
and pioneering master of modern architecture)
has made life pretty soft for widows.
(1889-1981; American publisher and author)