Jeroen Ubbink on Nostr: In The Netherlands you can insure almost anything and most people are waaaay over ...
In The Netherlands you can insure almost anything and most people are waaaay over insured.
I say you insure what you can't financially afford to pay for when it happens. It's actually very basic math to not insure something you can afford to pay.
It's still amazing though what people will insure here for peace of mind.
It's just too bad that starting an insurance company requires you to buy into the cartel with the establishment. They managed to get themselves "regulated" so well that it's basically impossible to start one. Maybe even worse than getting into the banking cartel. Needless to say often times banks will also sell you insurance.
Worst thing i ever heard is a form of "full car insurance" where the insurance company will not only pay the victim but also pay for your own repairs.
Oh yeah forgot to mention that you will lose parts of the discount that you build up over the course of a couple of years meaning that you are actually paying your own repairs and then some over the course of the following years. Yet people still take it and when they hit a tiny wall pay for the repairs themselves. It makes no sense whatsoever.. 🤡🤡
I say you insure what you can't financially afford to pay for when it happens. It's actually very basic math to not insure something you can afford to pay.
It's still amazing though what people will insure here for peace of mind.
It's just too bad that starting an insurance company requires you to buy into the cartel with the establishment. They managed to get themselves "regulated" so well that it's basically impossible to start one. Maybe even worse than getting into the banking cartel. Needless to say often times banks will also sell you insurance.
Worst thing i ever heard is a form of "full car insurance" where the insurance company will not only pay the victim but also pay for your own repairs.
Oh yeah forgot to mention that you will lose parts of the discount that you build up over the course of a couple of years meaning that you are actually paying your own repairs and then some over the course of the following years. Yet people still take it and when they hit a tiny wall pay for the repairs themselves. It makes no sense whatsoever.. 🤡🤡