Insurance is a mundane and almost universally despised topic. Does it hold the fabric of society together?
Insurance as Volitional Technology
The attitude I received about insurance from my family and social network growing up was that it wasn't much more than a scam. You get just enough so the state doesn't slap a ticket on you, and so your family doesn't guilt you for not having it. My father regularly drove without car insurance and my mother could never give me an adequate explanation other than I "just needed to have it".
I've learned much since then, and it occurred to me one day after getting some real training on the usefulness of insurance and some historical perspective of where it came from, that insurance is one of the primary tools we use to keep our societies running.
What exactly does it mean to "mitigate risk"? Video below.
Car insurance is a big waste of money... UNTILL YOU REALLY NEED IT. Last month I lent my car to a friend and him and his buddies got in an accident. One of them did not make it... I have no idea what kind of trouble we would all be dealing with had I not had insurance... Car insurance is mandatory for a reason. It's not a fun payment to have to make but it is very, very helpful... You wont see that until you need it.
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Holy shit dude, are you serious? I'm really sorry to hear that. People don't realize it, but cars are no fucking joke. They kill people all the time. I'm glad your insurance is taking care of the mess and I hope your rates didn't hike to the heavens.
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Yeah it is a rough situation. I hope my rate doesn't skyrocket as well. We will have to see.
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