Home Loss File System

I mentioned it, true. I declined to participate.

Shall we have a meta discussion?

Great advice, especially in the second tab (how to deal with insurers).

I've always considered insurance false-economy and avoided it wherever possible, especially for events with losses For example, if my flight were cancelled, I might lose $1000. But all the hassle signing up for, monitoring (to ensure conditions don't change significantly in the insurer's favour; often conveyed by an email to a spam folder), and going through a stereotypically labyrinthine claims process is significantly worse than being out of pocket $1000. Or another way to put it, I'd pay $1000 just to avoid having to do all that. Or a third way to put it, if someone offered me $1000 to find them a suitable insurance policy, monitor it to make sure the company didn't spontaneously alter it, and make a claim on their behalf, I wouldn't do it, it's just not worth it.

I get why insurers are like this. If they can sneak you a letter/email(/fax) and on in a foot note on page 43 'notify' you of a reduction in your coverage (for unchanged premiums), they make money. And if they make lodging a claim as onerous as possible, some % of claimants will abandon the claim, making them even more money. So insurance companies are just doing what they're legally allowed to do to make as much money as possible.

Where possible (e.g. for events without enormous payouts [obviously not so helpful in the case of LA fires]) it can be better to DIY insurance, i.e. put a little savings aside for those events (just as one may pay insurance premiums), that way, you actually have it when you need it, unlike insurance payouts from insurers who generally try to make it as difficult as possible to obtain.

> I've always considered insurance false-economy and avoided it wherever possible, especially for events with losses Everything is relative, right? Self insurance is fine if you can afford it. Most people can't wear a $20k hit without potentially ending up homeless or in significant financial distress.

In version two, instead of storing a 1 as a destroyed house, we’ll destroy them to varying degrees and then read that single house as multiple bits. Like TLC SSDs