Events worth insuring against are so rare that you can't use experience from the last time to pick a better insurance company.
Hence, why the market is regulated.
Actually, I think my both renters and auto insurance contains a legal assistance insurance component, which is probably useful if I need to sue the insurance company :)
(I'm not sure it's as large as it ought to be, but the idea is nice)
Events worth insuring against are so rare that you can't use experience from the last time to pick a better insurance company.
Hence, why the market is regulated.
Actually, I think my both renters and auto insurance contains a legal assistance insurance component, which is probably useful if I need to sue the insurance company :)
(I'm not sure it's as large as it ought to be, but the idea is nice)