5 ms·
Cars are the cheap part of auto insurance claims.
by hardolaf 9mo ago
Cars are the cheap part of auto insurance claims.
- cjrp 9mo agoExactly this; damaging a building or causing the death of a person can be 10x+ more costly for the insurer.
- bluGill 9mo agoOnly when you are looking at one claim. If all the cars in a city get hail damage the total costs exceed the typical daily claim losses.
- prepend 9mo agoI think the point is that it’s much less than all the cars. And a hailstorm that knocks out 10,000 cars is very rare. But hurricanes or fires that knock out billions in homes happen almost every year.