Nope. People voluntarily pay into a system knowing the will likely lose money, so that if, and only if, shit happens they will get a lot more money out than they put into insurance premiums.
If people got their money back if shit didn’t happen to them, there would be no money to pay to those whose who had bad shit happen to them, as insurance premiums total only a small fraction of potential losses on that thing being insured.
nobody /
npub1ul…uyt0r
2023-07-23 16:02:16
in reply to nevent1q…wqaf
Author Public Key
npub1ul45aruuhu09e5nts8mn49wsvhu58q8qmpvyyvpa0qhuvljehnys4uyt0rPublished at
2023-07-23 16:02:16Event JSON
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"pubkey": "e7eb4e8f9cbf1e5cd26b81f73a95d065f94380e0d85842303d782fc67e59bcc9",
"created_at": 1690128136,
"kind": 1,
"tags": [
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[
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"content": "Nope. People voluntarily pay into a system knowing the will likely lose money, so that if, and only if, shit happens they will get a lot more money out than they put into insurance premiums.\n\nIf people got their money back if shit didn’t happen to them, there would be no money to pay to those whose who had bad shit happen to them, as insurance premiums total only a small fraction of potential losses on that thing being insured.",
"sig": "21cd5dbb8e32d851f428ce4a2f0d951f59f5216fe7f1efe376575734cc1e8bdc8f71931e8286534ef4fd6815156c699016cf622fe6a2ff7c84bc4967fbfc2797"
}