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> Insurance is a waste until the accident happens and you get value from insurance. I can't quite put my finger on it but there is something dubious about "ins
by vagrantJin 3y ago
> Insurance is a waste until the accident happens and you get value from insurance.
I can't quite put my finger on it but there is something dubious about "insurance" or at least as it currently exists.
- elromulous 3y agoI have two potential reasons for this: * Asymmetry of information. The insurance company has all the data on the statistics, costs etc. * Insurance companies very happily take your money, but when it's their turn to do the thing you literally paid them for, they look for every possible reason to weasel out.