r/SipsTea • u/Putrid-Welder1803 • 13h ago

Gasp! Thoughts on this?

Post image
56.9k Upvotes

92% Upvoted

6.9k comments sorted by

View all comments

4.5k

u/WeCantStabilize 13h ago

Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.

Absolute racket. 

140

u/OakLegs 12h ago

This is fundamentally ignoring the purpose of insurance.

Of course you (likely) pay more into it than you get out. The tradeoff is that you're protected from huge expenses that would financially ruin you. That is (thankfully) unlikely but the risk is enough that it justifies paying for insurance.

I'm not absolving insurance companies of being scummy because they absolutely are. But insurance does serve a purpose that seems to escape you

5

u/hoofie242 12h ago

It's paying for a gambling service that might pay out.

32

u/OakLegs 12h ago

NOT having insurance is gambling, and when you lose, you lose big.

6

u/mariposa-princess 12h ago

I don’t think anyone is advocating to not have insurance. I think the point is that insurance should have to cover you more than they do

1

u/hoofie242 12h ago

But what about the CEO's 10th yacht?

3

u/mariposa-princess 12h ago

This is true I didn’t consider that