{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Insurance Companies Are Denying More Claims Than Ever\u2014Here\u2019s Why (Ep. 255)","description":"Insurance premiums keep rising\u2014but claims are getting denied. So the big question is: does self-insuring actually make sense, or is it a risky move most people misunderstand? In WTB Episode 255, we dive into one of the most controversial chapters of Becoming Your Own Banker: expanding the system and self-insuring. We unpack Nelson Nash\u2019s ideas around premiums matching income, infinite banking, and when (or if) it makes sense to self-insure things like automobiles and homes. This episode also tackles the real-world problems people are facing today\u2014denied insurance claims, skyrocketing repair costs, inflation, and misunderstood coverage. We break down the theory and the reality so you can decide what\u2019s right for your situation. Key Takeaways: Why insurance companies are denying more claims than ever What Nelson Nash really meant by \u201cself-insuring.\u201d The difference between comp & collision vs liability coverage How infinite banking creates a closed-loop financial system Why self-insuring works for some\u2014but not everyone The importance of documentation for homeowners' insurance claims Chapters: (00:00) \u2013 Insurance claims denied & rising premiums (01:11) \u2013 The infinite banking paradigm explained (02:15) \u2013 Becoming your own banker (closed-loop system) (03:38) \u2013 Capitalization & financing cars through policies (03:56) \u2013 Self-insuring autos & homes: real-world risks (06:01) \u2013 Personal property insurance & documentation pitfalls (09:34) \u2013 When self-insuring makes sense (and when it doesn\u2019t) ","author_name":"Without the Bank Podcast","author_url":"https:\/\/withoutthebank.com","html":"