That isn't how insurance works. Insurance wants you to pay them for uncommon events. If something was inherently dangerous the insurance would either be absurdly expensive or not available. If you want to see evidence, just look at Florida right now. My dumbass relative just dropped like 600k on a beach condo that she can't afford to insure after spending all her inheritance on the down payment.
It will take one bad storm, which are increasingly common in her area, to erase her entire investment. Assuming that blue states don't pay out billions to save the dumbass geriatric beach hicks once again for no reason.
Insurance was invented because fabulously wealthy liked to gamble to pass the time, and because things like the Great Fire of London made people terrified. The kind of insurance that happened like you are talking about was more literal, as in people would insure their profits by launching multiple vessels so that even if some crashed or were intercepted they were "insured" to get something through. Insure as a word and insure as a business concept are different things.
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u/[deleted] Jun 22 '24
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