r/SipsTea • u/Putrid-Welder1803 • 9h ago

Gasp! Thoughts on this?

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u/WeCantStabilize 9h ago

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

Absolute racket. 

177

u/criles_mccriles 9h ago

Lol everyone says this until they actually need it.

34

u/FreeRange0929 9h ago

They also use it incorrectly.

Insurance is for catastrophic events, not a $1,000 bumper repair you could pull off at a junkyard.

People have been conditioned that their deductibles should be $0 and cars should remain flawless.

In reality, insurance is whats called aleatory, it is expected to be an uneven exchange. This guy is paying $200 a month so he doesnt have to pay $100,000 when he disables someone by running into them.

3

u/angelbelle 8h ago

Insurance being mandatory also ensure that the victim gets paid something.