[Market-farming] getting a new farm insured

Willie McKemie mf at austinfarm.org
Tue Sep 13 21:46:50 EDT 2005

> >Our society/cultural tells us we "need" insurance.  Much in the way that 
> >it tells us that we need oversized, overpowered, inefficient vehicles.  
> >Fact is, insurance companies take in as premiums approximately twice 
> >the amount that they pay out as claims.  When you pay your premium, you 
> >are paying for a lot of overhead, not just your share of average 
> >losses.  My suggestion: closely examine your "need" for insurance.
> >
> Willie,
> What factual information are you basing this statement on?
> Brigette

50% is a number that's been stuck in my mind for many years.  It's 
origin is lost in the mists of time.  Probably from automotive 
insurance.  How efficient do you believe insurance is?

Willie, ONWARD!  Through the fog!
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