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dasviper · 04-13-2004, 09:10 PM

Any underwriters in the house? I'd like to know why homeowners insurance doesn't cover "acts of God." It seems like exactly the thing we want to insure against; there's no moral hazard involved (you're not going to be more likely to build your home in avalanche country if you know it's covered in your insurance), and the costs are extremely unequally distributed. Why shouldn't every homeowner in the country contribute $0.005 to the rebuilding of this poor man's wall?

04-13-2004, 09:10 PM	#9
dasviper Belt Conveyor Join Date: Nov 2001 Location: Hanover, NH, USA Posts: 67	insurance doesn't cover? Any underwriters in the house? I'd like to know why homeowners insurance doesn't cover "acts of God." It seems like exactly the thing we want to insure against; there's no moral hazard involved (you're not going to be more likely to build your home in avalanche country if you know it's covered in your insurance), and the costs are extremely unequally distributed. Why shouldn't every homeowner in the country contribute $0.005 to the rebuilding of this poor man's wall?