Insurance is just a bet, isn't it?. The bookies are the usual ragged spivs really. What I never quite understood is why I can't place a number of bets for the same insurance risk. Does anyone know why?
Not to start anything racist....
I heard it used as a defence against driving without insurance, that under Sharia Law Insurance is "haram" or unlawful
Apparently the modern insurance policy is strictly seen as constituting payment for something that is not definite (gambling) and should you receive a payment then it is a profit from gambling and interest on the payment
It can be taken out in the UK as it is a legal requirement, and complying with local law is not seen as sinful........ however any claim should only be equal to the payments made into the company