It must not happen that often, otherwise insurances would not make much money. Those events likelyhood, the cost of them, and what the insurance will actually

It must not happen that often, otherwise insurances would not make much money. Those events likelyhood, the cost of them, and what the insurance will actually pay you back are probably way off what you think it is in your mind. Now I do think insurance is important for catastrophic events: low likelyhood, but incredible cost, because you can't take this chance at the scale of an entire society. But for theft or kids breaking things, I'm not so sure.