Bifalgorithm post

into an accident. So I immediately go to an insurance company. The agent says, "Pay us $100 every month. If something bad happens, we'll cover the cost of your car." And I think $100 a month is reasonable, and you're probably thinking this too. But the insurance company is smart. They sell the same deal to 1,000 customers, collecting $100,000 every month. Most months, nothing bad happens. The company keeps all that money and invests it to grow even further. Sometimes someone does get into an accident. The insurance company pays out $10,000 to cover their car. They also charge that person an extra $500 out of pocket. This is called the excess or deductible. But the company still has the premiums from all the other customers. That's how insurance works. And if you get it, comment yes.

into an accident. So I immediately go to an insurance company. The agent says, "Pay us $100 every month. If something bad happens, we'll cover the cost of your…