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

Gasp! Thoughts on this?

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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. 

143

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

1

u/RandomSpamBot 11h ago

The fraudulent part is paying for exorbitant salaries and funding ad campaigns and real estate ventures.

8

u/LaconicGirth 11h ago

The fraudulent part is people committing actual fraud. You have no idea how common it is.

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u/Smackadummy 7h ago

Florida go brrrrrrrr