New
#90
Yes.
Let's take mother nature and accidents out of the discussion right off the bat.
Now...look at home owner's and car insurance.
Tell me the premiums wouldn't be less if cars weren't stolen and homes broken into.
I live north of Detroit. The farther you get away from the inner city, the cheaper the insurance...(I'm not kidding, they ask if I'm north or south of 12 mile when I've priced car/home insurance, which I do yearly...shop for rates.)
Theft of anything raises the price. Pure and simple. Economics 101.
In a store, security cameras, recording equipment, security personnel all cost money..which is passed onto the consumer in the purchase price.