I wonder why insurance is so high...
The problem isn’t just insurance. It’s that prosecution is insanely slow and is far more harmful to society than the actual crime.
I doubt the victims see it that way. If we just let people steal, it can turn into a runaway chain reaction due to a lack of consequences.
If people work for my living and see someone just steal for theirs with absolutely no consequence, what they learn is that social dysfunction is optimal, and that doing otherwise is being a chump.
Now, I do agree in a parallel way, but with a different solution. If we fix structural problems preventing people from being, or having hope of being, productive members of society, than that can prevent some crime.
"mere hundreds of dollars"
This is incredibly insensitive. That's a lot of money to lose to many people.
Insurance increases the expected cost of loss! -- the insurer would go broke if they were charging less than that.
So yeah, sure, it can save you from the boundary effect of it instantly wreaking your life but only by putting you at a constant disadvantage to people who live in less crime prone areas or whom are wealthy enough to self insure against such loss.
People who say this don't have real jobs; not the type of jobs where they'll end up on pain killers when they retire. They have laptop jobs on the softer side of intellectual rigor.
Money is time traded from your life, health traded from your body to your employer. Stealing property is literally stealing the purpose of hours of grueling work.
It can ruin the victims life just as much as non-lethal violence (taking away a person's source of income, or transport required to keep a job, or wrecking a business they've spent many years building), but many take the 'it's only property, it's probably insured!' attitude.
And many at least see stealing from 'big nasty corporations' as relatively OK. But if people keep stealing from businesses until they close down or relocate and there's no easy shoplifting targets, will the thieves stop, or will they move on to stealing from homes?