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Re: Collision insurance is legalized gambling Posted by TML [Email] (#2212) [Profile/Gallery] (more from TML) on Sun, 11 Mar 2007 11:25:24 In Reply to: Collision insurance is legalized gambling, Ken [Profile/Gallery] , Sun, 11 Mar 2007 05:59:58 Members do not see ads below this line. - Help Keep This Site Online - Signup |
If it's gambling, it's the type of gambling that's fixed. In my experience even if you "win" (i.e. you get in a collision and make a claim), they just raise your rates and get back every single penny from you that they paid out. It's more like a deferred payment plan with a huge administration fee labelled as "coverage".
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