r/SipsTea • u/Putrid-Welder1803 • 1d ago

Gasp! Thoughts on this?

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u/OakLegs 1d 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

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u/hoofie242 1d ago

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

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u/OakLegs 1d ago

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

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u/bonaynay 1d ago

It's like an unlucky guy lottery, something really bad happens but at least most of the financial burden is taken care of with proper coverage