Quote:
Originally Posted by Dotneko
Isnt it like social security? We need new workers coming in to keep the benefits flowing to the oldsters? Kind of like a giant ponzi scheme?
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Unlike social security the PWAC north of 44 has real cash reserves and a plan to maintain reserves.
Let's make this analysis a bit more personal.
What if your homeowners policy was not based on the age of your roof but the average age of your village roof's? Your CDD? Your PWAC?
If it was your PWAC, do you think the newest homeowners would agree with this risk rating or would they get a different insurance company?