I don't get it, if your 40 point system is so great (it isn't someone above just created a verified account with photoshopped documents) and theft is that rare

I don't get it, if your 40 point system is so great (it isn't someone above just created a verified account with photoshopped documents) and theft is that rare (when you say theft is rare, do you mean "voluntary parting"? like, the case where the renter steals?) you shouldn't have any problems to self insure this anyways. So it doesn't add up.