Quote:
Originally Posted by freebeard
Like Old Mechanic, I pay extra so that other people can drive without insurance and not be a hazard to me.
|
That is the basis of ALL insurance. The insurance company is betting that you won't die (or have a fire, or cause an accident) and you are put in the position of betting that you might. If you act responsibly, you don't really need insurance, but you get to pay for others who are less responsible than you. When insurance becomes mandatory it's a losing proposition for anyone who acts responsibly - but one that is forced upon you by the authority of government. (Dare I mention ObamaCare?)
Quote:
OTOH, I passed on making a claim against an uninsured motorist because I don't want my rate going higher.
|
Perhaps you don't realize that it's easy to add "uninsured motorist" coverage to your policy? It literally costs only a few bucks more compared to the total coverage, even on a basic liability policy.