There is no way anyone has that much insurance as a renter. I tried to insure my coin collection (in a rated safe) on top of my renters insurance and the premium was insane. Best you might get is around $25k.
Also they got sued by all the renters around them for damages.
I mean… you’re only explaining why insurance is a scam, not why someone would expect coverage.
You’re right in that anyone expecting insurance to cover this doesn’t understand the first thing about insurance, but that’s because insurance is a fucked up garbage industry full of grifters.
They have insurance, they paid out. Now the insurance company sues the idiot that flooded the building to recoop their losses.
Yeah, so can’t be their insurer
There is no way anyone has that much insurance as a renter. I tried to insure my coin collection (in a rated safe) on top of my renters insurance and the premium was insane. Best you might get is around $25k.
Also they got sued by all the renters around them for damages.
I mean… you’re only explaining why insurance is a scam, not why someone would expect coverage.
You’re right in that anyone expecting insurance to cover this doesn’t understand the first thing about insurance, but that’s because insurance is a fucked up garbage industry full of grifters.