Re: Chumponomics was: Firefighters did the Christian thing in letting houseburn to the ground

On Fri, Oct 8, 2010 at 5:20 PM, Karl <[email protected]> wrote:
> Well we can all agree insurance is a racket, and in most cases I expect we do
> agree, but the fact is that it is a racket we are stuck with, and one that we
> know.
>
> And many people are more than happy to game the system and get more out of their
> overage than they deserve.

My apartment got broken into shortly after I moved in, the insurance
was mostly good (except for money to replace my two film SLRs not
being enough to even buy a cheap dSLR at the time, 2005).  Despite
them raising my premiums, I calculated that over my 4.5 years in the
apartment, I still payed less overall then they had actually paid out
to me in my one claim.  Then they didn't even give me a quote when I
bought my house, so I switched to a different provider.

Despite that relatively positive experience, I have zero respect for
auto insurance and various other types.

Now, back to fires, according to some program on the History channel
years ago, the insurance racket is actually why fire departments were
made public in the first place.  At one point there were competing
private fire departments, only putting out fires for their customers
and supposedly starting fires for customers of competitors.  Stories
like that and this recent incident enforce my view that it should be a
mandatory public service.

As for the $75 going up if it was mandatory or collected by other
means, unfortunately that sounds likely given government bureaucracy,
but it doesn't have to cost more.

Jeremy Ladan

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