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My understanding is that the reason is because that's how insurance works.
by rhizome 9y ago
My understanding is that the reason is because that's how insurance works.
- philipodonnell 9y agoKinda. Insurance is about a pooling of risks, that does not mean that every risk level must be in the same pool. Houses that are built in flood-prone areas are forced to be in different insurance pools with higher rates than other houses because the risk profiles are different.
- rhizome 9y agoYou know what I meant. OP only mentioned undifferentiated "someones."
- thaumasiotes 9y agoUndifferentiated? They are specifically labeled as "higher risk".