insurance

A business that involves selling people promises to pay later that are never fulfilled.



insurance

by deadbunny97 on Sep 08, 2016 11:57:31

Particularly auto insurance.

One of the biggest rackets to exist, insurance allegedly offers money to cover for accidents.

The way this works is that they take a monthly premium. Many people pay this premium, it collects into a big pool, and anyone who has an accident gets a share of this money to fix his car. Sounds simple right?

What actually happens is one pays the insurance monthly for years without having an accident. When one does get into an accident, their insurance premium goes up (almost doubles in some cases). People argue that this is to cover the cost of damage.

What then, about the previous years of insurance one paid? What was the point of all the accident free driving if the company increases the client's monthly premium to cover the accident?

As one can tell, insurance has evolved from what was supposed to be a welfare concept to one of the biggest scams, preventing young drivers and students who are just starting to drive on a tight budget from ever driving again, using public transport for ever.
Example:
"Auto insurance is the biggest scam ever"

"Preach"


insurance

by St. Ias on Sep 18, 2005 09:19:43

Insurance is a big international industry employing thousands of people. It has a turnover of billions of dollars.
Example:
The Insurance Industry started at Edward Lloyd's coffee house in London in the late 1680s. Edward Lloyd's was a popular meeting spot for master mariners, merchants and ship owners. All the news about the departures of ships, their estimated time of arrival at the port to which they were sailing ,and the cargoes being carried was discussed over coffee and something to eat. Lloyds rapidly became the place where ships and their cargoes were insured against loss at sea. Today Lloyds of London is still the leading marine and specialist insurance market in the world.


insurance

by DatBoyCrazy on Jun 03, 2011 04:01:25

The act of preemptively cheating on your significant other *just in case* they cheat/are cheating on you. That way if they ever cheat, you have an ace in the hole.

Very similar to the well documented Prisoner's Dilemma.
Example:
Guy 1: You hooked up with Emily? Thought you had a girlfriend
Guy 2: It was just insurance, nothing serious
Guy 1: You don't trust your girl?
Guy 2: She went on Spring Break with a bunch of dudes, WTF am I supposed to think?
Guy 1: Yeah I feel you


Insurance

by scottgregorybanghart on Mar 27, 2019 13:56:46

A system in which massive multi billion dollar companies “insure” people and subsequently spy on them without their express knowledge or consent. Hence the “nce” stands for, “and see everything.”
Example:
Thank god I had insurance when I drowned in the bathtub with the hairdryer inside of my mussy while overdosing on methamphetamines made available by the Drug Enforcement Agency. There was no need to panic since the private insurance companies spy on our activities through our cell phones, televisions, lightbulbs, and appliances. Thankfully, the Air space Force took me right up and fixed the chip in the back of my head, gave me a fake cock, and even fist fucked me through the ass for my charm and wit. I’d say I didn’t enjoy it, but that would be almost as great a lie as insurance in the first place.


Insured

by Maddog on May 22, 2014 06:57:00

The act of getting fucked by an insurance company who declines to pay an injured victim for the sake of its profit margin.
Example:
Ed was injured in an accident when he was T-boned by Frank who ran a red light at the intersection. Ed was then insured by Mercury Insurance (Frank's insurance) who offered him $250 to get lost.


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