Insurance only makes sense if you can't afford the low-probability, high-impact fluctuation. On average, you will lose money -- after all, that's how the insura

Insurance only makes sense if you can't afford the low-probability, high-impact fluctuation. On average, you will lose money -- after all, that's how the insurance companies make money. That's why it really only makes sense on cars, houses, airplanes, etc. And maybe, in the US, for liability.