Over_ed said:
ts5641 said:
PascalsWager said:
Insurance is either prohibitively expensive or not offered at all.
The good news is that just the plot of land where one could build a ~1500sqft house costs more of $3mill where we will (and for almost anywhere around it). So even without federal help, people can just sell and move.
But this will be tougher for LA, and Riverside, and San Bernardino counties which are cheaper and where the poor people live in California.
Insurance is the biggest scam on earth besides anything the dems do.
I understand your point, but will disagree. There is a cost associated with reducing your risk - insurance premium. On average everyone has to lose, because otherwise insurance companies would fold. If the premium is more than you want to pay - just don't buy insurance.
I think you're both right, at least for the most part. However, there are some problems with YOUR comments here. The first is, you often CAN'T refuse to buy insurance. Some of it is mandated by law (car liability). Other types of insurance is required under contract (mortgage/homeowners). You could say, "well, don't drive" or "don't finance a house" but both of those comments are entirely unreasonable. The second problem is that the premium often isn't based on the risk involved but the market and/or competition for insurance business (including the mandates spoken about above). Neither of these are purely risk management principles.
Now, don't misunderstand: I'm not against profit. Hardly. But insurance companies seem to abuse this area of capitalism more than any other industry I've dealt with. And I've represented insurance companies -- both directly and as payees for third party claims. Some will fight tooth and nail against pay claims, and that, again, is not based on sound risk management principles. Especially when that fight is legally or factually unfounded.
In how many other industries is it
routine to hire a law firm to help you get out of your responsibilities under a contract?
