The reasoning above clearly only takes monetary savings into account. But what about personal savings or losses being tallied up when one deals with a natural disaster or a power black-out?
I am bringing this up because of the ice-storm power outage that happened just before Christmas on the east coast and put 4.6 million people out of power for weeks. Aside from the inconvenience of having to warm your hands on a burn barrel and having to fix your frozen pipes later — how does that tally and what price would you assign for this? The reliability of the power grid and other utilities brings us to the second motivation for having alternatives. Being totally depending on overhead power lines is equal to signing up for a minor and major disaster to happen at any time — risking your personal and family’s assets and comfort. Insurance companies now have the option for terrorist coverage (in the rare case your personal home would be effected) — yet most insurance companies find a way to get around paying off victims of common natural climatic occurrences. It is really amazing to me that utility companies are not required to provide and guarantee more reliable power — to the
Related Questions
- The reasoning above clearly only takes monetary savings into account. But what about personal savings or losses being tallied up when one deals with a natural disaster or a power black-out?
- How will my personal account with our current savings plan vendor, which I have set up outside of the savings plan, work after the conversion?
- What if I need account information from the time during which Maritime Savings Bank was in business?
