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by bluescrn
1139 days ago
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The problem area seems to be property crime without direct violence. 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? |
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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.