This made my husband and I seriously debate paying the $4000 this year for home insurance. Most of that is for earthquake cover, but lets be real - the earthquake that we'll need to claim after will bankrupt the insurance company. So, what good are they? Better to put that $4000 into an account and draw from it ourselves when needed. Or more co-op insurance, neighbours getting together putting in money collectively. Sharing resources and skills if homes need work etc??
So they will only take your money if you guarantee there is no risk. Same with health insurance.Why do we give banks, insurance companies and governnents our money for them to gamble with. I vaguely remember there was an awful earthquake in one of the soviet countries in the 1970s. The way they rebuilt in record time was every other soviet country in the ussr sent a team to build an apartment block. Solidarity. Swift solution.They are still there.
This made my husband and I seriously debate paying the $4000 this year for home insurance. Most of that is for earthquake cover, but lets be real - the earthquake that we'll need to claim after will bankrupt the insurance company. So, what good are they? Better to put that $4000 into an account and draw from it ourselves when needed. Or more co-op insurance, neighbours getting together putting in money collectively. Sharing resources and skills if homes need work etc??
It's time for a bigger tea party than we've had yet.
So they will only take your money if you guarantee there is no risk. Same with health insurance.Why do we give banks, insurance companies and governnents our money for them to gamble with. I vaguely remember there was an awful earthquake in one of the soviet countries in the 1970s. The way they rebuilt in record time was every other soviet country in the ussr sent a team to build an apartment block. Solidarity. Swift solution.They are still there.