Savings
Instead Of Buying Auto Insurance Is There A Way To Just Have A Savings Account Just For $coverages?
So all US states require all cars on the road to have insurance … since insurance is just dollars put asside for release in the event of emergencies or other pre-determined event … why cant I just put $100,000 into a bank account and call it my auto liability account and have my car insured with the state under my name providing that I don’t touch those funds?
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Is It Feasible To Find 100 Families To Put $100 A Month In A Savings Account To Pay For Medical Expenses?
Its just an idea I had, wondered if it would work, if its legal, etc. My family has no health insurance, and I am sure that there are many other families out there in the same boat. We have no major medical issues, just checkups, physicals, dentist visits, etc. And I would like to have something to fall back on just in case of an accident or catastrophic illness. I know there would be obstacles, who would run it, how to pay the bills, who to let in, how to find replacements, but if it worked…..
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