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This is heartbreaking. The storage facility insurance scam is one that needs to be investigated by the government. It's a tremendous rip off and covers nothing.
by Simulacra 2y ago
This is heartbreaking. The storage facility insurance scam is one that needs to be investigated by the government. It's a tremendous rip off and covers nothing.
- komali2 2y agoI wonder if an insurance company operated as a co-op would be a better arrangement. Interested parties pooling money to pay out to the one unfortunate one who has a disaster. Could potentially invest the pool in super low risk investments as well for a little upside.
- lotsofpulp 2y agoMutual insurance companies have been a thing for hundreds of years. Some well known US mutual insurance companies are State Farm, Amica, Mutual of Omaha, and most non Elevance Blue Cross Blue Shield affiliated insurance companies. https://en.wikipedia.org/wiki/Mutual_insurance https://en.wikipedia.org/wiki/Mutual_insurance
- asveikau 2y agoMost insurance in most industries is a racket.
- floydnoel 2y agoThe famous Lloyds of London started as a gambling coffee house. Gambling and insurance are closely related, and offer the same bargain: the house always wins.
- cromulent 2y ago> the house always wins Well, until Lloyd’s did lose a lot of money in 1991, and the Names had too much exposure. Berkshire Hathaway cover them now, I believe.
- aspenmayer 2y agoThat's rich.