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Even that little insurance shouldn’t be necessary. If I crash into your brand new Porsche, me or my insurance should only have to repay you the price of a used kia – else you owning expensive shit is an externality I have to pay for.
How far does this logic extend? Does you accidentally burning down my """needlessly""" expensive home count as me owning expensive things as an externality foisted onto you? The existence of any other not-minimum-viable-product that I own?
It costs me 350 euros per year to insure other people’s cars, but only 35 euros per year to insure their houses and everything else. So the likelihood of me destroying their house is multiple orders of magnitude lower.
But strictly speaking, yes, any accidental destruction should only be compensated at used discount prices. If you have a working class friend and you let him borrow your luxury watch and he loses it you can’t expect him to repay you full price. But again, insuring this is cheap so I’m not going to die on that hill and claim classist oppression on the basis of 35 euros.
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People don't typically burn down other people's houses, accidentally or otherwise. People DO get into car accidents every few years. There's a difference.
Sure. But as a matter of principle, if someone ruins my expensive stuff, should they make me whole or instead give me the minimum viable product as recompense?
I would really prefer to be made whole and am unsympathetic to arguments about me having expensive things being a negative externality on everyone else.
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