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[–] ninjajunkie 0 points 1 point (+1|-0) ago 

It is a business based on only profiting if they do not provide the service you paid for.

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[–] ShadowHelp ago 

And then when they fuck up, we bail their ass out.

All these riots, shit getting burned down. Either we bail them out or they pass the cost onto us through increased premiums, which is essentially the same.

Meanwhile, my 66 year old co-worker who's underwater on his house just took out a $36,000 loan to buy a csr for 15 y/o daughter (2nd family). He says as long as he makes the first 6 payments, if he croaks the loan is forgiven. I smell a bailout coming.

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[–] AngryInVirginia ago 

A tip for people living in Virginia. Last time I checked there is a clause that allows you to drive without vehicle insurance. It is called the Uninsured Motorist Fee and is a fee that you can pay at the time of registration that allows you to drive the vehicle without insurance of any kind. Another tip for people living in certain parts of Virginia. Many people out there either do not have insurance or will drive away after hitting your vehicle and the police are not likely to do a damn thing about it.

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[–] Asgardener 0 points 4 points (+4|-0) ago 

There is a reason the amish refuse to pay any insurance- they consider it a form of gambling

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[–] JohnGoodman 0 points 3 points (+3|-0) ago 

And they don’t need it. In a homogenous white community, when someone suffers a major loss like their home, the community comes together and they all help out. That’s their insurance

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[–] everlastingphelps 1 point 1 point (+2|-1) ago 

1955 was still the gold standard. $35 an ounce. That means that a $1 deed was worth 0.028 oz of gold.

Gold is currently $1,733.80 an ounce. That makes the 0.028 oz worth $49.50 in current dollars, which is actually more than just notarizing now. The current $500 inspection would have cost (in gold) 0.288 oz, or $10 in 1955.

When you start thinking of things in gold, you will realize that most prices aren't going up (and a lot of things are going down) but rather, they are using inflation to make the dollars you have in your pocket worth less and make you run the rat race to constantly make more dollars. They want dollars to not be able to hold value, so you have an incentive to spend then right now rather than saving.

A car in 1955 cost around $1500 dollars. That's 42.85 oz of gold. At the current spot price, that's $74,305 worth of gold. See what I'm saying?

On the insurance front, it's not a bet. It's socialism. It's distributing the risk of something around to lots of people. It's not inherently bad when people are allowed to decide if they want to opt in. The problems come in when people either are forced into it by the state (auto insurance, mortgage regulations) or people are given it by someone else (employers buying health insurance.)

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[–] honk_atcha_boi ago 

That's not socialism. I really wish people would stop conflating government action and collective agreements as socialism. They're not. Socialism is communal control of the means of production, i.e, the strongest mob boss makes the profit and takes the goods.

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[–] Rellik88 0 points 16 points (+16|-0) ago 

Be me

Have insurance for car for decade

Get rear ended

Insurance fixes car for a total of $4000

Even tho I paid way more than that over a decade

They raise my rates

Insurance is a scam.

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[–] Broc_Lia 0 points 7 points (+7|-0) ago  (edited ago)

That's how insurance works though, most people won't get more money out than they put in. If they did where do you think the money would come from?

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[–] buckhorn 0 points 2 points (+2|-0) ago 

Agreed. In theory, pooling and amortizing risk over a group is a wise thing to do. In practice, with live humans, everyone ends up assuming their own problems are the most worthy of securing the pot. Additionally, whichever company manages the fund (hopefully doing legitimate actuarial leg work) will end up being loathe to pay out for even legitimate claims.

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[–] peacegnome 0 points 1 point (+1|-0) ago 

you could have/should have taken the person who hit you to court.

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[–] Karbuster ago 

You have shit insurance, all of you do

Its a fucking racket and extortion yea

But its neccessary in this inbread world full of maliciously stupid fucks

I used my insurance last year to the tune of $5600 when some dumb woman turned left in front of me

Got my truck fixed, upgraded a few parts because the upgrade was cheaper than oem, got my $500 deductible back AND pocketed $1400 after repairs

Rates stayed the same

Hate that its neccessary, in a peaceful, homogeneous society it wouldnt be but before then, you bet ill have it for the one day that some dipshit runs a red light and i have to sue them from the goddamn hospital

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[–] LegitimatePen 0 points 1 point (+1|-0) ago 

Isn't that still beyond fucked though, a woman crashes into you, destroying your stuff, and she doesn't pay for it? the fuck?

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[–] PizzaphilePodesta 1 point 6 points (+7|-1) ago 

insurance is a government-mandated pyramid scheme you are required to buy into to legally participate in nearly every aspect of life in western civilization. insurance may not be the most parasitical scheme of the jews, but it is one of their proudest parasitical achievements.

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[–] Marku1 ago 

Jews, or wasps, or commies, you always have to deal with authoritarians who know what to do with your money.

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