Just Insurance

🇪🇸 Health Insurance for Expats in Spain: Short-Term vs Long-Term

Travelling to Spain, planning to move, or already living in Spain? Choosing the right health insurance is essential.🩺 Learn the key differences between short-term and long-term cover and find what fits your situation.✅️

👉 Read the full guide:
https://justinsurance.es/en/short-term-vs-long-term-health-insurance/

When Insurance Was a Bet on Your Life 🎲

🧐 Did you know that in the 18th century, people could take out life insurance on someone else without their knowledge?

📜 Before 1774, anyone could insure someone else’s life, even strangers - essentially betting on their death. This obviously led to moral hazards ⚠️ and even cases of fraud 🕵️.

To stop this, the British Parliament passed the Life Assurance Act of 1774, which:
✅ Required insurable interest - you could only insure someone if you had a legitimate financial stake in their life.
✅ Limited policy payouts to the actual financial loss, preventing over-insurance.
✅ Made insurance a tool for protection 🛡️, not speculation 🎰.

💡 Why it matters today: This law laid the foundation for modern life insurance and shows how risk management has always evolved to protect people, not just policies.

⚖️ A reminder that behind every policy is history, innovation, and the constant pursuit of your security.