11-25-2018, 03:14 PM
(11-24-2018, 06:22 PM)danbrotherston Wrote: Spending 500k as an insurance policy on riots which have cost 100-200k seems like a really bad use of public funds.
You're spending the 500k (if that is what it is) for the possibility of exceeding that 500k spent on the policy. Just like you spend $1,200/year on car insurance that you may never use. Or $800/year for home insurance. It's wasted money until you need it. And how many times have we heard of people having their homes burnt to the ground and they're lamenting because they had no insurance. I actually knew of a couple who's apartment burned to the ground, newly weds, and they failed to get insurance when they got their apartment. Now they have a Go Fund Me page because they lost everything including their gifts.
An out of hand party, especially an injury to an innocent bystander, would exceed 500k pretty quickly, if and when it happens.