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il_biciclista OP t1_ixh3vo1 wrote

Reply to comment by cleancutmover in The 17 victims of the Hingham Apple Store crash might have to share a $40,000 insurance payout. by il_biciclista

I'm actually suggesting taking more money from the insurance companies. I realize that premiums would increase as a result, but this is not a policy that the insurance companies would want.

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Squish_the_android t1_ixh5whc wrote

Insurance companies would net benefit here.

Higher limits are touched less often. Your second 100k of coverage costs much less than your first. If everyone is forced to take on higher limits the insurance company comes out on top because everyone is paying for something they're unlikely to use.

This policy of increasing minimum coverage limits also has a greater impact on poorer citizens, so good luck dealing with that angle.

Edit: I swapped my first/second around originally

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