3 ms·
With homeowner's insurance the upper limit is known (cost of house + possessions). This isn't the case with health insurance - or at least it's in the millions,
by infinite8s 16y ago
With homeowner's insurance the upper limit is known (cost of house + possessions). This isn't the case with health insurance - or at least it's in the millions, and nobody could afford the premiums on a group policy where everybody might have correlated health issues.
- eru 16y agoWhy should correlation be such a big factor? Even if 30 people taking out an insurance are correlated---the insurance company is probably insuring many more than 30 people to balance this out.