Have you ever wondered why your flood insurance doesn’t pay off when your house burns to the ground?
No?
Well, then you’re smarter than that guy in the White House.
When I was young, just got out of college, I had to buy auto insurance. I had a beat-up old car. And I won’t name the name of the insurance company, but there was a company — let’s call it Acme Insurance in Illinois. And I was paying my premiums every month. After about six months I got rear-ended and I called up Acme and said, I’d like to see if I can get my car repaired, and they laughed at me over the phone because really this was set up not to actually provide insurance; what it was set up was to meet the legal requirements. But it really wasn’t serious insurance.
Now, it’s one thing if you’ve got an old beat-up car that you can’t get fixed. It’s another thing if your kid is sick, or you’ve got breast cancer.
This just in: the state insurance minimums, which is what Obama certainly had if he was driving “a beat-up old car,” cover liability. Not comprehensive. Not collision.
I can see it now. Everyone is required to buy liability, comprehensive, collision, towing by the federal government because we don’t want stupid people to be confused. Yes, they’ll pay more, but they’re getting better insurance – whether they want it or not. Driving a 1978 Ford Pinto that requires you to park on a hill because the starter’s shot? Is the floor rusted almost clean through? Well, you definitely need collision coverage on that clunker.
Was Obama paying attention in driver’s ed? They cover this stuff there.



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