-The bank requires insurance on the home because it is the loan collateral.
-You begged, and borrowed money from the bank. You were not compelled.
-I can easily believe the continuous problems with your car loan, and that it was entirely their fault. Idiots usually do idiotic things everyday. Although most cars are financed, most do not encounter the problems you suffered. Your experience is not an indictment of the banking industry; only a couple of people at that one bank.
-There are some in every walk of life that are cheats. That is not, and should not be an indictment of all.
-If insurance were a branch of government, it would not function as it does now.
-As has already been clearly explained, there is no legal requirement to carry an auto liability insurance policy. There are other legally acceptable avenues to choose from. Nor do you have to borrow money to purchase a home. That, also, is a choice you make.
Again I ask; if insurors are so despicable, why do you continually choose to send them money?
Well, the state of California does require auto insurance as a condition of licensing a car. I believe that one can get around that requirement by demonstrating financial responsibility, however I am not in that income bracket.
Sure, I make the choice to borrow money to purchase a home. The alternative is renting or living under a freeway overpass.
Like I said, taxes are voluntary too and I do not need money in the bank to write a check.
I am reminded of a depression era song - one line goes, "Some rob you with a six-gun and some with a fountian pen".
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus
Reading this thread is scary. One would expect that most of the comments were made on some liberal forum. "Big Insurance sucks! We need more government regulation! Why should I be responsible for my own personal property?"