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SVTPerformance's Chain of Restaurants
Road Side Pub
Do you think insurance is a scam
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<blockquote data-quote="svtfocus2cobra" data-source="post: 16316765" data-attributes="member: 21786"><p>How would two drivers (or multiple drivers) settle an accident dispute if they were all self-insured and neither of them claim fault? It would have to go to court every time to settle each dispute which would in turn cost thousands in legal fees and clog up the court system even more. What insurance companies do is subrogation within the company and they negotiate with each other who is at fault and to what degree which in turn usually negates the need to settle the dispute in court. </p><p></p><p>Your idea of self-insuring is flawed for that very reason alone. We could not feasibly insure ourselves and settle our claims just by simply paying out for ourselves.</p></blockquote><p></p>
[QUOTE="svtfocus2cobra, post: 16316765, member: 21786"] How would two drivers (or multiple drivers) settle an accident dispute if they were all self-insured and neither of them claim fault? It would have to go to court every time to settle each dispute which would in turn cost thousands in legal fees and clog up the court system even more. What insurance companies do is subrogation within the company and they negotiate with each other who is at fault and to what degree which in turn usually negates the need to settle the dispute in court. Your idea of self-insuring is flawed for that very reason alone. We could not feasibly insure ourselves and settle our claims just by simply paying out for ourselves. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Do you think insurance is a scam
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