Quote:
Originally Posted by ASAP
The statement still remains...
We could be living across the street with identical cars, homes, records etc and could still be paying different rates... why? because there is no legal definition for any of this...
Again, only industry (insurance as a whole) that I am aware of where this is legally allowed. It works just like govt social services... some give, others take... and everyone moans about that.
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The facts also still remain. The whole business is based on risk. Sure no one likes it, especially if you are deemed higher risk, but what is your proposed alternative? The way I see it if they were forced to not "discriminate" then one of two things would happen. EVERYONE would pay more = even more profit for the insurance companies or they would stop insuring people like most home owners insurances have done in FL.
To me "discrimination" sounds like the better of the three, but I'm all ears if you have a real world solution.
