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 I know because I saw a historical document to that effect.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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[–] Rellik88 0 points 16 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.
[–] Broc_Lia 0 points 7 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?
[–] buckhorn 0 points 2 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.
[–] peacegnome 0 points 1 point 1 point (+1|-0) ago
you could have/should have taken the person who hit you to court.
[–] 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
[–] LegitimatePen 0 points 1 point 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?