yh125d
Diamond Member
- Dec 23, 2006
- 6,886
- 0
- 76
Well yeah, of course they make money off of the populous.Exception doesn't make the rule. Odds are most of us will lose money on insurance throughout our lifetime and insurance companies make billions annually from our ignorance/fear.
That's okay my wife is a scardy cat too it's normal.
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I see you both and raise you a V8 Ariel Atom
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Exception doesn't make the rule. Odds are most of us will lose money on insurance throughout our lifetime and insurance companies make billions annually from our ignorance/fear.
That's okay my wife is a scardy cat too it's normal.
I see you both and raise you a V8 Ariel Atom
![]()
What's your stance on life insurance?
I'd argue that you are a fool if you have people (wife/kids or whatever) depending on your income and you don't have life insurance. Its all about risk management. $15/month for knowing that my wife will not miss me financially should I die is well worth paying for.
There is a huge risk associated with driving a car, the amount of damage you can do to life/property is quite high and while the odds of such an event happening are low, the risk associated with it is quite high. Hence why liability insurance is a good thing.
Comprehensive insurance is another matter, as the most you can be out is the cost of your car. So the risk, while a bit large, isn't on the same level as the cost lose of life/property.
Basically, insurance is good for those high risk, but rare events. Its bad for lower risk, more common events.
Oh, and congrats on getting the car paid off. I've heard paid for cars drive a bit better![]()
Insurance is not a scam. It is shared risk. I am happy to pay my insurance, as my insurance payouts have been higher than I have paid in on my auto and house.
Hail damage to car, twice (pocketed cash twice).
Broken into car, replaced all stereo equipment and damages.
Cracked windshields repaired numerous times.
Wind damage gave me a "free" $6000 roof to house.
captain obvious here: the insurance industry, like gambling, takes in more than it pays out.
in my experience, i pay month after month for absolutely nothing. then, when i need them, they fuck me.
So does every other business in the world.the insurance industry, like gambling, takes in more than it pays out.
captain obvious here: the insurance industry, like gambling, takes in more than it pays out.
in my experience, i pay month after month for absolutely nothing. then, when i need them, they fuck me.
Insurance is a liability. Anything that does not make you money is a liability. Z - doesn't do liabilities unless my wife makes me. (house ins her Mercedes ins etc) She is worth it.
I just found out recently that my uncle (who has upwards of 50 rental properties) doesn't carry home owners insurance on any of his property.
I personally have liability, because I have a 240k mi car, but if I had a <5yo car, I would carry full coverage.
I just found out recently that my uncle (who has upwards of 50 rental properties) doesn't carry home owners insurance on any of his property.
I personally have liability, because I have a 240k mi car, but if I had a <5yo car, I would carry full coverage.
Also, OP is still a lovely human.
Pay off a house. Cars are easy.
