Originally posted by: SagaLore
I want to completely illegalize "insurance" for everything.
Instead, by law the supplier of the service or product has to provide a full coverage warranty.
This means instead of paying an insurance agency to insure your car, you pay the manufacturer of your car. You wreck it, a deer hits it, etc., the manufacturer covers the costs. Instead of a health plan or medicare, you / your company / the goverment pays the hospital directly. You need medical attention, the hospital covers the costs.
The only insurance I can think of that gets left out, is life insurance. In this case, it would be completely government sponsored. If your spouse dies, the federal government will reimburse all living expenses for the spouse up to 1 year, and children while they're under the age of 18.
So, you want the cost of all products to triple or go even higher? Since autos, a unique product as opposed to DVD players or TVs, can maim or kill persons and damage porperty to the tune of hundreds of thousands if not millions of dollars. Long-term health care and rehab for a few accident victims of another driver's neglect can cost dearly. Expecting the manufacturers to provide the insurance against an idiot kid with no driving skill but a high-horsepower car that is driven stupidly and causes a major accident, or for the drunk driver that kills innocent pedestrians, is just stupid.
The reason insurance works is that it does take into account age, past history, etc. in determining rates. Now, I know the youth here take exception to high insurance costs for them during their first years of driving, but the under-24 age bracket is the most accident prone age bracket of drivers..........from lack of experience, lack of judgement, and a host of other factors. So why should I pay, at age 50, for a 16 year old's inexperience in driving a car if the "insurance" was provided by the manufacturer? Or will only certain cars be available to certain sectors and age groups of drivers? Will under-30 year olds be restriced from driving Mustang GTs and the like?
With our current system of ins. companies, which is not perfect by any means, I pay according to where I live, my driving record, what I drive, where I drive, etc. I love paying $600/year for two vehicles.....one with full coverage and one with liability/uninsured motorists/med. payments.
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