07-31-2022, 12:21 AM
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#41
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Senior Member
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
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Quote:
Originally Posted by OkieSnuffBox
To be fair, there are cases where self-insuring can make sense based on the price of the bond vs the cost of insurance, like fleet operators for instance. But for an individual car, those people make/have the kind of money they aren't buying a twin.
But it's still a huge gamble, because if something does happen you're still responsible for the entirety of the bond vs insurance being your deductible.
Yeah, that's pretty clear. I don't know why I bother engaging him when I should be looking for intake and charcoal filter dynos on YouTube.
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That is why I put quotation marks around self. What many people think of as self insured means they just want to pay out of pocket. Not the same as a business that posts a bond to cover any costs.
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