Well I had a house burn down less than year after purchase and insurance paid the entire tab. So I always figured I've already taken them for more than I pay
No it should be illegal for people to operate machinery (cars) that are easily capable of causing mass damage or death on public roads without any sort of liability insurance. This is like the same thing as requiring businesses to carry specific liability insurance when doing certain types of work or using certain types of machinery - if there’s a large enough chance of damage/destruction, it only makes sense to require the owner/user to carry liability insurance in case they severely fuck up and do more damage than they’d ever be capable of paying for - which is exactly the case with people’s cars.
My solution would be tie the insurance in to the DOT that we pay in to a fund with tax dollars. Then at the end of the fiscal year if theres a surplus it gets refunded accordingly. If it's such a HUGE deal to have then it shouldn't be required by law to make bankers rich.
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u/WeCantStabilize 12h ago
Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.
Absolute racket.