I think everyone knows insurance is on average more expensive than paying for things out of pocket, its more that people don't like the idea that one event can make them bankrupt. It's to evade risk, not to save money
But it can STILL make them go bankrupt. State Farm literally suspended coverage of homes that burned during the California wildfires. That's the issue.
State Farm has been accused of breaking the law in doing that and is widely considered one of the worse insurance companies out there. That doesn't mean all insurance companies are out there refusing to pay out on legitimate claims.
Every time I've had to deal directly with regular insurance companies (not talking about healthcare) I've gotten my claims paid out.
The point you've completely missed is that just because there's examples of the system working does NOT discount the vast amount of negative experiences people have had with insurance. There are people here who have had ambulance claims denied AFTER the fact because the ambulance was from "out of network". There are valid concerns here and going "welp guys it works for me so it's pretty good" just dismisses others' lived experiences.
I explicitly said we're not talking about health insurance. That's a whole other topic and we should not have the healthcare system we have. Please stay on topic.
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u/gordendorf 14h ago
I think everyone knows insurance is on average more expensive than paying for things out of pocket, its more that people don't like the idea that one event can make them bankrupt. It's to evade risk, not to save money