Insurance
Insurance is a concept whereby you pay someone a small amount of money repeatedly (a premium) on the assumption that, if the thing against which you are insuring comes to pass, they will bail you out of a large-amount-of-money-requiring scenario.It is a logical fallacy, as it is a concept which creates an infinite vicious regression through its mere existence: it is obviously possible for insurance companies to insure against having to pay their clients. Then, those insuring the insurers will take out insurance, and so on ad infinitum, until someone steps in and says “Come on, guys, this is madness.”
There is also no reason to suppose that reluctant clients would not want to take out insurance to insure against having to pay insurance premiums, creating a whole new infinite series of insurers who will want insuring.
Together with ambulance chasers, insurance companies will destablise the entire Western World until it is no longer possible to sell anything apart from money.
Types of insurance
Car Insurance
This insures you against crashing into other people’s cars, the people themselves, and stationary objects.
House insurance
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