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Joined 1 year ago
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Cake day: September 27th, 2023

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  • Nah, in this case I blame the government for not having clearer regulations and a lack of informational programs.

    Maybe all insurance should cover floods - but if we wanted that we’d need to regulate it… these policies were sold without flood insurance and it’s quite likely the sellers tried to aggressively upsell them to also get flood insurance.

    Maybe the insurance should be government run but we need insurance - health insurance is a scam because it’s a fucking fake market, but housing insurance has a healthy market and insurers that reneg on their contract get taken to court and pursued by some truly asshole lawyers… you might argue that falsely denying a claim should come with higher penalties (and I’d agree) but half our government thinks regulations are the fucking devil.

    Insurance is an inherently good idea - if we shuffled things up so that none of these people had any insurance then we’d have foreclosures and homelessness across the south right now - insurance companies are dicks but insurance is a good thing to have.