Wednesday, June 02, 2010

Insurance: ensuring higher prices?

Question: when you can obtain something by having someone else pay for it, what interest do you have in the cost? Insurance came about to pool the risk of major catastrophe. But as people use it to pass along even their routine expenses to others, is it possible modern insurance has made the cost of many things even more expensive... increasing the risk of catastrophe to those outside the system?
A few weeks ago, a stone flew up and chipped the windshield of my car. I here frequent advertisements in my area for SafeLight car window repair that uses "state of the art resin".

So I took my car there to get an estimate. They told me, don't worry about the cost, most insurance companies pay for it...
Read the whole thing.

2 comments:

ashepherd said...

I'm like you. The first thing you hear about health, car and home problems is what the insurance covers. So insurance companies run a lot about our lives. There is a similar, but far worse, thing going on in morality. If it's "legal" then it's morally justified. How may times have you heard "but it's legal" when you know "it's" immoral or unjust?

Jemison Thorsby said...

The prevailing criteria today is not what is *right* but what you can get away with. That holds true in many areas.

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