Except that if you were actually in the voluntary parting insurance business, you'd find: fraud is a lot more than 0.1%, and fraud to take advantage of your ins

Except that if you were actually in the voluntary parting insurance business, you'd find: fraud is a lot more than 0.1%, and fraud to take advantage of your insurance would be very real (Bill and Dave are buddies, Bill claims Dave didn't return his camera, Bill and Dave end up with the reimbursement AND the camera). You'd have to do a ton of legwork to try to keep your fraud losses low, and your insurance would be expensive as hell. I mean, what's the proper premium charge for a $1000 camera loaned out to "random Craigslist guy", a premium where, overall, you end up making money exceeding your losses due to payouts? $500? $999? At least one in a thousand transactions WON'T be fraudulent, right?