> I don’t care how cheap the policy is, I’m assuming they’re charging more than they payout on average, and I lock my doors consistently. Thats not the correct

> I don’t care how cheap the policy is, I’m assuming they’re charging more than they payout on average, and I lock my doors consistently. Thats not the correct "math". The value insurance provides is that the cost of the risk is higher than the cost of the premium. The whole point of insurance is how much are you willing to pay to avoid catastrophic scenarios.