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| Topic | Insurance is basically just gambling, why should people be required to buy it? |
| Aaantlion 09/23/19 8:59:11 PM #9: | Because liability insurance is a necessity since, even if bankruptcy laws were repealed in cases that insurance might cover, the person STILL might not have enough assets to cover the damage. If you have $30k in damages and the person only has $5k or $10 in assets, the fact that you're getting everything they have is still going to leave you in the hole. Conversely, when you're leasing or taking a mortgage, your lender is going to want you to get insurance because they have a financial stake there. Don't want to pay car insurance? Don't drive. Don't want to pay for home insurance? Don't get a mortgage. --- (\/)(\/)|-| ... Copied to Clipboard! |
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