this post was submitted on 13 Oct 2024
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News

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[–] kata1yst@sh.itjust.works 50 points 3 days ago (2 children)

Insurance companies in the US have become a Ponzai scam instead of a service.

[–] justsomeguy@lemmy.world 31 points 3 days ago (6 children)

is that a meme or did you accidentally butcher the term "ponzi scheme" which is something entirely different? not saying insurances aren't often a scam. just a different kind.

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[–] GetOffMyLan@programming.dev 41 points 3 days ago (5 children)

If your insurance only covers 50% of the property value it is essentially useless.

This is absolutely insane.

[–] Trainguyrom@reddthat.com 7 points 2 days ago

My in-laws learned this the hard way after a total loss fire. Their insurance covered the current value of the house, not the cost to move/replace it in a total loss scenario, so now they have a big mortgage for their new house when the old one was nearly entirely paid off

Wait until you hear about the deductible... where I am (not earthquake country by any means) the deductible was $80k. I sad pass on that.

[–] capital_sniff@lemmy.world -2 points 2 days ago (1 children)

That's why you get AFLAC for the other stuff.

[–] nomous@lemmy.world 4 points 2 days ago (1 children)

Ah so just purchase more insurance for the things the insurance I already pay for doesn't cover?

[–] capital_sniff@lemmy.world -5 points 2 days ago

Absolutely. It is also never a bad idea to have at least 6 months in expenses saved up in cash for emergencies. And another 10 thousand to keep an attorney on retainer.

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[–] ravhall@discuss.online 35 points 3 days ago (11 children)

I’m perfectly fine letting Florida handle Florida’s problems.

[–] Th3D3k0y@lemmy.world 20 points 2 days ago (3 children)

Someone should point out to most of the right wingers that FEMA is socialism

[–] Master@lemm.ee 31 points 2 days ago

Dont worry they voted unanimously to not expand fema right before both hurricanes.

[–] ravhall@discuss.online 18 points 2 days ago

It’s only socialism when the libs get it. Otherwise it’s their god given right.

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Yup. Let the states decide, then pay for it

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[–] MyOpinion@lemm.ee 11 points 3 days ago (2 children)

Who could have seen this coming?

[–] infinitevalence@discuss.online 25 points 3 days ago (1 children)

If only climate scientists had warned us 50 years ago we probably could have done something.

[–] Death_Equity@lemmy.world 4 points 1 day ago

They have been warning us about the effects of CO2 in the atmosphere since 1896, then the people who produce the most CO2 bought the media and kept it quiet and gaslit.

If only we listened to Svante Arrhenius and acted then, we could have had a chance.

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