Re:Apple expands Self Service Repair to Mac notebooks
by sokoloff on Monday August 22, 2022 @02:45PM
(#32555480)
I’m specifically responding to your explanation of insurance here, to which another poster said “that’s a loan” [and you objected]
> Insurance is a "smoothing" tool, it lets you break a $5k lump expense out into $50/mo payments, it's not free money.
If you believe insurance is only spreading payments for losses over time, you don’t have a grasp of how it works. If you believe insurance is spreading payments for losses over multiple policyholders, you know how it works but didn’t express yourself very clearly and then objected when someone read your words and got misdirected by them.
> the "insurance industry comes out ahead on average" is true both of individual policies and on average
What would the former mean as distinct from the latter?
> Insurance is a "smoothing" tool, it lets you break a $5k lump expense out into $50/mo payments, it's not free money.
If you believe insurance is only spreading payments for losses over time, you don’t have a grasp of how it works. If you believe insurance is spreading payments for losses over multiple policyholders, you know how it works but didn’t express yourself very clearly and then objected when someone read your words and got misdirected by them.
> the "insurance industry comes out ahead on average" is true both of individual policies and on average
What would the former mean as distinct from the latter?