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Is the world becoming uninsurable?

(charleshughsmith.substack.com)
478 points spking | 1 comments | 17 Jan 25 00:32 UTC | HN request time: 0s | source
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pontifier ◴[17 Jan 25 06:55 UTC] No.42734822[source]▶
Insurance is such a crutch for some people, but it shouldn't be.

If something is worth doing, it's worth doing whether you have insurance or not.

In my opinion, the amount of resources spent on buying insurance would, in almost every case, be better spent on prevention rather than after the fact mitigation.

replies(3): >>42734831 #>>42734839 #>>42737208 #
1. jopsen ◴[17 Jan 25 13:17 UTC] No.42737208[source]▶
> If something is worth doing, it's worth doing whether you have insurance or not.

Taking a mortgage that allows you to buy a house you'll pay off over 30 years and then sell when you retire requires insurance.

Without insurance the investments we make in ours homes would need to be a lot smaller.

I'm not saying it's a bad idea, just that it's not without significant impact.