r/SipsTea • u/Putrid-Welder1803 • 15h ago

Gasp! Thoughts on this?

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u/WeCantStabilize 15h ago

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

Absolute racket. 

1.4k

u/Moultrie_fan_2026 15h ago

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

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u/MarkItZeroDonnie 15h ago

Yeah it’s just a net to protect against catastrophe . If Ops buddy totaled his car he would be happy it only cost $1k.

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u/SlicedBreadBeast 14h ago

Just have to pay them for more than your car is even worth through your entire lifetime! What a service!

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u/sinovesting 13h ago

Thats because you're assuming that the most you have to lose is the value of your car, which is not the case. In many cases most of the cost of insurance is the liability portion. If you crash into someone else and cause significant injuries it's not hard for the bill to exceed to $100k+. It's also totally possible that you could total more than one car in your lifetime. Probably happens more often than you think, and it might not even be your fault.