• Dasus@lemmy.world
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    1 day ago

    It’s literally betting against yourself, while knowing the dealer doesn’t pay out 9/10 times even when you win.

    • bluGill@fedia.io
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      1 day ago

      Insurance is a good bet for things where the cost of a loss would be a big deal. I put fire insurance on my house because if my house would burn I couldn’t afford to replace it. Because I can bet my house won’t burn down I dare live in a nice house. Without that insurance I’d have to live in a mud hut (or maybe a step above).

      • Dasus@lemmy.world
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        1 day ago

        Well that’s obviously the reality of it, I’m exaggerating.

        In Finland every car has to have basic traffic insurance. If it doesn’t and you hit someone and maim/kill them, you won’t’ be covered. So yeah, I understand that for some things it’s essential, but that’s only as long as the system is at least in some way reliable.

        If actually 9/10 cases insurance didn’t pay out when something was actually obviously covered by an insurance, then I don’t think many people would bother.

        I’m just exaggerating but we all know what scumbags insurances companies are. Some less than others.