Any insurance, be it car, house, life. It's all scams. You're essentially paying someone legally to bet on your behalf, and than getting a pittance of a payout. That's ONE problem. The more annoying problem, is rapid hyper inflation in whatever industry is touched by insurance. Car insurance for example, a small light bulb used to cost a few cents to replace. Now, you need to buy the entire casing, the wiring, and it costs 1200$ not including labor. This is because you only pay the deductible, so everyone and their mother can skimp from the top. Same with homeowners insurance. A simple home inspection is 500$. In 1955, getting a deed/house title notarized and approved was 1$ …. I know because I saw a historical document to that effect. Thanks jews! A true blessing to the world /s
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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.