On Sat, Oct 23, 2010 at 9:58 PM, Mitch <mi...@oceanbound.net> wrote: > Here's what it seems you are writing: > Cars are made to withstand impacts. Car insurance covers the cost of > repairing collisions. Not every driver will drive without a collision. > Therefore, insured drivers individually do not have any obligation to avoid > collisions. > Do you see that even though the insurance industry is there to pay for > collisions, wanton abuse is not what it is calculating for?
That reminds me of a scene from a movie, but I cannot remember what movie it was. Guy goes into car rental agency with gold card and rents a car plus all of the insurance he can get, then he deliberately drives the car through the side of a building across the street. It was funny in the movie, but that is not an honorable thing to do. It is hard to come up with good examples for this sort of thing. I'll make another attempt. Consider home insurance for damage, particularly fires. I imagine the actuaries include some amount in the premium they charge to account for arson (i.e., deliberate burning of the house) that is never discovered, so that the insurance company has to pay off. The actuaries try to account for everything they can, so surely they must consider undiscovered arson. But that does not mean that it is okay to burn your house down, just because the insurance company has included some amount in the premium for undiscovered arson. Deliberately burning your house down is cheating the insurance company. It is not honorable. Strategic default is also dishonorable. It is cheating either the insurance company or the lender (depending on whether there is mortgage insurance). _______________________________________________ http://box535.bluehost.com/mailman/listinfo/brin-l_mccmedia.com
