Does anyone know if there are regulations around what auto insurance must cover/how much it can cost/how the cost must be calculated; or if it’s just not worth a consumer insurer’s time to do much policy customization?
I ask because it seems a bit odd, in theory, for an insurer to outright refuse to touch something; rather than just jacking the premiums into “the risk of failure is essentially 1, so there’s no risk pooling and you are basically paying us to run a savings account for the inevitable replacement” territory; but being perfectly happy to get paid to run a savings account.
