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Minichan

Topic: The weather is bananas, time to get out of the insurance buiznus?

Anonymous A started this discussion 17 hours ago #136,359

Denmark has had one of the warmest and coldest July within like... A month or something and apparently new York is flooded again

Anonymous B joined in and replied with this 16 hours ago, 26 minutes later[^] [v] #1,447,368

I'm pretty sure my house has 4 pages of exclusions... I'm not even sure if it's actually insured for anything. They gladly take money for premiums though.

Anonymous A (OP) replied with this 16 hours ago, 37 minutes later, 1 hour after the original post[^] [v] #1,447,379

@previous (B)

Yeah but you know, happens to too many people, the more wealthier people and suddenly there's pitchforks

boof joined in and replied with this 14 hours ago, 2 hours later, 3 hours after the original post[^] [v] #1,447,383

oh if only it were raining men

Anonymous D joined in and replied with this 13 hours ago, 16 minutes later, 3 hours after the original post[^] [v] #1,447,385

If it's inconsistent then insurance isn't a good business.

But even expensive situations are insurable if they are consistent. You can just pass the increased costs along and still add your premium.

Anonymous E joined in and replied with this 5 hours ago, 8 hours later, 11 hours after the original post[^] [v] #1,447,432

Insurance is always good business. They invest your money and hide behind verbiage. Premiums go up, payouts go down, and you’re legally obligated to buy many kinds, plus riders and often things like umbrella policies. If the sea levels go up whole communities will become uninsurable and you will see massive population shifts.
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