Re:Labor shortage or terrible jobs?
by robocat on Friday April 30, 2021 @07:13PM
(#27000767)
> and you ca[n] choose to self insure if you have sufficient cash set aside.
I think you are ignoring the third party risks - damaging an expensive car or hurting someone. In that situation, you use insurance if you want to protect your money. If you have no money, insurance make little sense, and you just suck up the risks of pranging your beater.
Re:Labor shortage or terrible jobs?
by simfree on Friday April 30, 2021 @08:18PM
(#27001434)
Self insurance is not legal if you do not meet your state's requirements for cash set aside for self insurance purposes and vehicle count. This is usually a sizable sum of money that you need to set aside to self insure.
I think you are ignoring the third party risks - damaging an expensive car or hurting someone. In that situation, you use insurance if you want to protect your money. If you have no money, insurance make little sense, and you just suck up the risks of pranging your beater.