If I had to set up a car insurance crowdsourcing you would be interested? I understand how much money is needed to start a car insurance, but I seriously think that a concentrated effort and a company we could beat crowdsourcing large companies own the game there.
As I looked at the work, it was the idea that attracts many people as possible, and each person pays a fee. In return for the tax the person receives a share of the company with certain voting rights.
The share does not entitle to free insurance, but seriously reduced prices. Insurance is available only to members, the main advantage of keeping the cost of insurance for people who ask hopefully less likely.
If the company generates profits, these profits would in a pot, and at the end of the year go, the pot would be sent to members as dividends.
This insurance giants have hundreds of years together, moved to try and keep the best way to give reporters to claim and understand the best rates with the best drivers.
The other part is that this is not to repair a car, that such terrible price to his liability causes. Tell me, and you have to register 20 people, on average, they carry all 300,000 of liability, which is a fixed value. You have 6000000 to these people at random again occurs at each claim. What happens when a person enters a claim and hurt someone, happens all the time! Bam, $ 100,000 immediately. Is $ 5,000 per person.
Then you have to hire lawyers and claims adjusters to settle claims against the other party. Who takes care of all formalities in accordance with the state to stay? Who is responsible for continuing the membership of more than sell them to continue? Who are you talking about, if you need to decide how to cover something or know who to blame?
Their concept is great, but that is what insurance companies are already built. No one goes into business, make money, of course the insurance company to make a profit. But remember, companies must continue to require that the pressure for the price has to remain low. In general, you can take to pay the $ $ 96,100 from his back to the time demands … Few people know, dass