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Auto and home insurers in fact do pay customers for risk-mitigation actions like driver training and alarm systems, just as health insurers pay for preventive m
by judk 12y ago
Auto and home insurers in fact do pay customers for risk-mitigation actions like driver training and alarm systems, just as health insurers pay for preventive medicine.
- rosser 12y agoThey don't pay you for those things, and nor do they pay for them. They reduce your premiums if you have them. That's perhaps a subtle distinction, but it's a critical one. If you're suggesting that an annual physical exam is the risk mitigation equivalent of a car alarm, then GEICO should have eaten the extra cost for purchasing a car with one installed instead of charging a lower premium because you have one.