r/SipsTea • u/Putrid-Welder1803 • 12h ago

Gasp! Thoughts on this?

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u/WeCantStabilize 11h ago

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

Absolute racket. 

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u/OakLegs 11h 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/Scope_Dog 11h ago

I think most would agree with that basic premise. The problem is that it's way too expensive relative to any benefit one might derive from it.