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This is why I would avoid middle man if possible. Another mouth to feed. Might as well save the insurance money instead of paying it.
For some things saving for the risk is not possible for normal people. You probably can't have enough saved in case your house burns down, you maim someone with your car, you need a medvac from abroad etc.
I guess this is one of the reasons why the poor get poorer?
you have ust a good as much chance at winning the lottery
Unfortunately no, the odds of you experiencing catastrophe are much higher than your odds of winning the lottery, especially if you live an active lifestyle.
do you know anyone that had any of those things happen to them?
Yes. Every single one of those examples actually. I'm not being hyperbolic or joking. I know different people who have experienced at least one of each of those scenarios.
I'd suggest you have a more unique experience then. I couldn't say I have met anyone that ticks those boxes.
That's what I do. Insurance is legalized extortion
Insurance is privatized social safety net with profit seekers as the middle man... :(
sadly in my state it's illegal to drive a car without being insured.
right so they force you to pay for shit you probably won't need and get to dictate the price is whatever they say it is whenever they say it is