| > You can’t get a mortgage without house insurance. You don't have to get a mortgage to live. You can save up and pay cash, or you can rent. Or you can pay the higher premiums that reflect your actual risk. > Things like fire danger risk tend to change after the home is built as new data comes in. In which case this is a different class of insurance that you could buy if you wanted it. You wouldn't be insuring against fire, you'd be insuring against the risk of your property value going down to reflect higher fire insurance premiums if the fire risk goes up. But why should you be forced to buy that type of insurance if you don't want it, or have it priced into everyone else's fire insurance premiums? And regardless of that, why should someone who buys their house after the fire risk is known to be high be subsidized by everyone else? > Health insurance isn’t implemented that way, as you acknowledge, exposing folks to exactly that risk. It isn't implemented that way because of regulations, but the issue is what kind of regulations there should be. The existing regulations are extremely inefficient -- Americans pay more for healthcare/insurance than any other country, regardless of whether the other country has a public or private healthcare system. |