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It’s worth pointing out that there are some events you can’t buy insurance against. You can buy insurance in case of a burst pipe but not a flood. You can’t b
by fallingfrog 6y ago
It’s worth pointing out that there are some events you can’t buy insurance against. You can buy insurance in case of a burst pipe but not a flood. You can’t buy insurance that will pay out if there’s a nuclear war. You can’t buy insurance that will pay out in case of climate change. The damage is too big, and affects too many people at the same time. Some tail risks are fatal, existential, and the only recourse is not to take the risk at all.
- notduncansmith 6y ago> You can’t buy insurance that will pay out if there’s a nuclear war. While you can’t get this kind of insurance from most brokers, you can certainly make investments that will pay off in the case of a nuclear war (e.g. aerial defense, subterranean shelters, etc). The entire military-industrial complex is built around selling this kind of insurance.