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WarGamer

(16,193 posts)

2. It's math.

Reply to CloudWatcher (Original post)

Sun Jan 12, 2025, 02:38 PM

Jan 12

Let's say there are 100 houses insured. Each is worth $1M and pay $5000/year for insurance.

If 2% of those homes are destroyed per year...

That's $2M in payouts for the insurance companies who only bring in 100x5000 = $500,000 per year in premiums.

Insurance can't exist without the model of premiums paying for losses plus business expenses and profit.

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