4 ms·
Wouldn't the root of the problem be how much insurance is mandatory? If it wasn't then people just wouldn't buy it if they never actually paid out
by thatguy0900 5y ago
Wouldn't the root of the problem be how much insurance is mandatory? If it wasn't then people just wouldn't buy it if they never actually paid out
- jopsen 5y agoHow many times have your house burned down? Events worth insuring against are so rare that you can't use experience from the last time to pick a better insurance company. Hence, why the market is regulated. Actually, I think my both renters and auto insurance contains a legal assistance insurance component, which is probably useful if I need to sue the insurance company :) (I'm not sure it's as large as it ought to be, but the idea is nice)