4 ms·
That reasoning fails in the face of there existing earthquake insurance in the Bay Area.
by euyyn 9y ago
That reasoning fails in the face of there existing earthquake insurance in the Bay Area.
- Mz 9y agoMajor earthquakes are less frequent than major flooding. If the time frame is large enough and the timing uncertain enough, it can still make sense as a bet.
- Retric 9y agoFrequency only changes premiums, car insurance is much more likely to pay out than earthquake insurance per year. That just means it costs more money per year relative to the payout.