Insurance by nature is something of a legitimate shell game. You’re paying a lower fee to buy into a risk pool.

There may be another way to do it that’s better, but if you just pay one flat fee to cover one upcoming event, they would just price the policy accordingly, and it would probably be a good bit higher than it is now.

They’re certainly not a perfect industry, but the parts that are genuinely widely corrupted are the parts that are tied to government.

There are some good resources out there for learning the basics of insurance that aren’t too hard to understand if interested, can easily learn base level stuff in a few days. Some ancaps used to see insurance as a tool to undercut a lot of government.

Insurance by nature is something of a legitimate shell game. You’re paying a lower fee to buy into a risk pool.

There may be another way to do it that’s better, but if you just pay one flat fee to cover one upcoming event, they would just price the policy accordingly, and it would probably be a good bit higher than it is now.

They’re certainly not a perfect industry, but the parts that are genuinely widely corrupted are the parts that are tied to government.