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A comment on Insurance is like gambling, don't overdo it.

Re:Insurance is like gambling, don't overdo it by alfu on Sunday June 20, 2021 @04:00AM (#27568069)
>Insurance companies (same as betting companies) always need to bill you more than the chance you get your big payoff.

In theory, couldn't they charge less if the ROI of the premiums was large enough?

[ Parent | on HN ]
Re:Insurance is like gambling, don't overdo it by djbebs on Sunday June 20, 2021 @04:10AM (#27568108)
Yes, but the restrictions on investment that insurance companies are under means that you'd be better of if you invested it yourself
[ Parent | on HN ]