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The insurance premium is simply a markup on the expected value of what the insurance company would pay out. My "inner mathematician" couldn't permit it. Is tha
by EliRivers 8y ago
The insurance premium is simply a markup on the expected value of what the insurance company would pay out. My "inner mathematician" couldn't permit it.
Is that not true of all insurance? Does this mean you go through life with only whatever legal minimum of insurance is required in any given circumstance?
- deleted 8y ago[deleted]
- marssaxman 8y agoThat's how I do things. Insurance has generally proven not to be worth it, in my experience; they always find some way to not pay - so I only pay for the insurance I'm required to have. It's just another tax.