What’s really lost in this whole conversation is how its… 2025 and almost nobody walks around with cash anymore?
You can literally call your bank and credit card companies and have all your cards cancelled and locked within minutes? Any money spent by the thief will be returned to your accounts?
If it’s your phone stolen instead of your wallet… You didn’t have it set to be locked or auto-lock when theft is detected? You didn’t have find your device set up? You don’t have it set to be able to be remotely wiped? Pretty sure you can also get your phone insured for theft.
One of the few valuable things Tyler Durden said in Fight Club was “You are not the contents of your wallet. You are not the car you drive. You are not your fucking khakis.” Yet Americans still love to extend the concept of who they are to the things they own.
Here here! It’s what they are indoctrinated to do in their defense. You make a good point that decades and decades of effort has gone into making things more secure has reduced the risk/reward for stuff like pickpocketing. I would bet they mostly target things like travel documentation now for identity theft, something more varied and readily available in multi country Europe than North America.
Insurance exists to allow thieves to get off with your stuff with no recourse? Ignoring anything that could be unrecoverable ~ and that insurance is overpriced for it.
Gosh I guess that means we should get rid of insurance for things like natural disasters, too, since often your home is unrecoverable in the event of a hurricane, volcano, or some other event with no recourse.
It feels like it’s the other way around, from my end. Natural disasters don’t stop happening, and crime doesn’t stop happening, ergo, having insurance for both is reasonable.
What’s really lost in this whole conversation is how its… 2025 and almost nobody walks around with cash anymore?
You can literally call your bank and credit card companies and have all your cards cancelled and locked within minutes? Any money spent by the thief will be returned to your accounts?
If it’s your phone stolen instead of your wallet… You didn’t have it set to be locked or auto-lock when theft is detected? You didn’t have find your device set up? You don’t have it set to be able to be remotely wiped? Pretty sure you can also get your phone insured for theft.
One of the few valuable things Tyler Durden said in Fight Club was “You are not the contents of your wallet. You are not the car you drive. You are not your fucking khakis.” Yet Americans still love to extend the concept of who they are to the things they own.
People are fucking unhinged, man.
Here here! It’s what they are indoctrinated to do in their defense. You make a good point that decades and decades of effort has gone into making things more secure has reduced the risk/reward for stuff like pickpocketing. I would bet they mostly target things like travel documentation now for identity theft, something more varied and readily available in multi country Europe than North America.
No individual should be expected to use insurance to protect themselves from theft as a solution to it. That’s a crazy take.
That’s literally why insurance exists and is a foundational principle in most modern societies, but uhm, go ahead and keep living in the stone age.
Insurance exists to allow thieves to get off with your stuff with no recourse? Ignoring anything that could be unrecoverable ~ and that insurance is overpriced for it.
Gosh I guess that means we should get rid of insurance for things like natural disasters, too, since often your home is unrecoverable in the event of a hurricane, volcano, or some other event with no recourse.
Lmao
At no point did I argue insurance shouldn’t exist. I said they shouldn’t be expected to use it as such
Yet insurance for theft exists because it continues to be a thing that happens. ¯\_(ツ)_/¯
Are you intentionally ignoring what I’m trying to say?
It feels like it’s the other way around, from my end. Natural disasters don’t stop happening, and crime doesn’t stop happening, ergo, having insurance for both is reasonable.
Insurance is to spread out risk over time to prevent ruinous losses. So every time you make a claim, your rates will go up.