4 ms·

uh that's why insurance exists right?

• macksd 4y ago
  That's also why insurance gets so expensive. Insurance spreads out risk. It doesn't lower it.
  • fibers 4y ago
    is it? my insurance is relatively affordable, more affordable than the rent increases that keep coming year over year by greedy developers.
    • macksd 4y ago
      I'm not sure what you're saying "is it" to. If your insurance does not go up when living in an area with conditions like downtown SF right now, it's only because you're in a risk pool with other people not having those problems. It still does no good to deny those problems like it isn't a clear breakdown of society. And if you're talking about San Francisco your rent is hardly a baseline of affordable as you said, so I'm not sure why you make that comparison or why greedy developers price gouging is somehow NOT also a sign of dysfunctional society.
  • HPsquared 4y ago
    Insurance can definitely reduce risk if its cost or availability is tied to risk-reducing measures (giving the policyholder an incentive). For example a health policy requiring health check-ups, or insisting on security or safety measures for a home policy. Or, in a weaker form, giving a discount if the customer can demonstrate they are reducing their risk. There's also the direct intervention side: in theory, an insurance company covering people in an area for theft could lobby for improved policing. Or a car insurance company could lobby for car safety measures. In practice though they probably prefer the higher risk as that brings higher premiums...
• sn0w_crash 4y ago
  Insurance doesn’t cover revenue lost from these people never going back to this city.
• BeFlatXIII 4y ago
  …and does insurance also cover an hourly rate for time spent filling out insurance forms?
• augustuspolius 4y ago
  Yes, and if your relatives get kicked in the face - no biggie, that’s why hospitals exist, right?