Buying home fire insurance is betting your house will burn down. Buying kidnap insurance is betting you're going to get kidnapped. That's why it's usually not

Buying home fire insurance is betting your house will burn down. Buying kidnap insurance is betting you're going to get kidnapped. That's why it's usually not legal to take insurance out on things that are not you or that you own or are responsible for. Like me taking life insurance out on you, then convincing you to take up crack or simply killing you. I'm betting you're going to die at some odds, then I'm massively changing the odds in my favour relative to the initial bet. Insurance is just gambling with vast sums. Sometimes it makes sense, sometimes it doesn't.