Property/ vehicle insurance increases

[Coopsdaddy]

Government is always the worst answer.

Besides, they created the problem in the first place.

It's what they

Ok
So who than?
They get to charge what they want and the government enforces the laws if we don’t have Innsurance.
Someone has to have oversight.
Give us the answer if it’s not going to be a government agency.

 

[Bluefish]

Ok
So who than?
They get to charge what they want and the government enforces the laws if we don’t have Innsurance.
Someone has to have oversight.
Give us the answer if it’s not going to be a government agency.

Price controls are not the answer. That always distorts the market. In reality some places are probably too expensive to live and houses should not be built there. You should be free to have no insurance if no mortgage is owed. Just expect to be out your house if a hurricane, flood, or fire occurs. For some that would be acceptable.

 

[mt terry d]

Price controls are not the answer. That always distorts the market. In reality some places are probably too expensive to live and houses should not be built there. You should be free to have no insurance if no mortgage is owed. Just expect to be out your house if a hurricane, flood, or fire occurs. For some that would be acceptable.

^^^^^^This^^^^^^^^
Some things you cannot afford to have if you cannot afford to lose it.

To any problem, Government is the worst answer. Always.

 

[Coopsdaddy]

Car Innsurance
You have to have it.You go to jail without it,you get sued without it.
How do we regulate it so they can’t price gouge.
You have all the answers but no answers.

 

[Weldor]

Car Innsurance
You have to have it.You go to jail without it,you get sued without it.
How do we regulate it so they can’t price gouge.
You have all the answers but no answers.

They made it mandatory in Az. years ago, and then they tell us less than 50% of the population has it. Joke here.

 

[Bluefish]

They made it mandatory in Az. years ago, and then they tell us less than 50% of the population has it. Joke here.

Same problem in tx. Need it to renew plates, so people buy it then cancel right away or stop paying.

 

[Jake Larsen]

Car Innsurance
You have to have it.You go to jail without it,you get sued without it.
How do we regulate it so they can’t price gouge.
You have all the answers but no answers.

Why do you “have to have it?” Oh yea…government regulations. We have an entire system of regulations regulating the effects of other regulations. Price controls are NEVER the answer. Look into Milton Friedman and his school of economics for a broad conceptual framework to how we aught to function.


Sent from my iPhone using Tapatalk

 

[Coopsdaddy]

Dude
Ask the cop or the judge.

 

[Jake Larsen]

Dude
Ask the cop or the judge.

You’re thinking about everything based on the current system we have. As in, “what would happen to me if I just opted out of insurance inside the current system we have?” That would indeed be a bad idea, and illegal.

Some of us are posing a different question entirely, more like “what would the system look like without massive government interference for the last 50+ years, if the free market had been allowed to problem solve?”


Sent from my iPhone using Tapatalk

 

[Tad]

If the value of the assets you own continues to increase, then insurance has to go up doesn’t it!?!? You payed $500k for your house and now it’s “worth” 1mil+, the insurance has to cover the replacement cost of your new million dollar property.

People love to brag about how much their land/house/farm/vehicle/etc is worth, but then complain about how much the insurance and taxes went up.

I used to be a body tech and the new fancy cars are so expensive to fix. A 2002 F-150 tail light is $100 ish and now if you have blind spot monitor on the 2022 it is $900+ per tail light. You also used to be able to just align a vehicle, now with all the sensors a VW alignment with calibration is $1300. When I was a tech at a dealership the rates were $80 and I just had my wife’s Toyota serviced and it was $215 per hour. Insurance rates have to go up when the risk increases just like when construction costs go up like you’re saying


Sent from my iPhone using Tapatalk

 

[JeffRaines]

Some of us are posing a different question entirely, more like “what would the system look like without massive government interference for the last 50+ years, if the free market had been allowed to problem solve?”

But this is entirely unrealistic scenario without a Time Machine. It's like focusing on what life could've been like for me if I would've done things differently in high school 20 years ago... or if I had different parents... or if my parents were rich. I'm robbing myself of a good solution today(or work toward such) in favor of a fantasy that would've likely turned out differently than I imagine anyway.

 

[Jake Larsen]

But this is entirely unrealistic scenario without a Time Machine. It's like focusing on what life could've been like for me if I would've done things differently in high school 20 years ago... or if I had different parents... or if my parents were rich. I'm robbing myself of a good solution today(or work toward such) in favor of a fantasy that would've likely turned out differently than I imagine anyway.

Maybe. Massive deregulation is possible. Look what just happened in Argentina. We’re about to find out if it’s possible here too. That’s what some of us voted for. I’m very cautiously optimistic. To be honest, I’m not sure it’s possible here, but I do think there’s still a chance. I have to hope, for the sake of my own kids. We’re moving very rapidly toward Fascism - not the nonsense buzzword version the left uses - but true government/corporate collusion at the regulatory level, brought about and enforced by a massively bloated bureaucracy.


Sent from my iPhone using Tapatalk