> The question is, why people take travel insurances that cover lost sunglasses? I think the answer could be a quite mundane appeal to 'bundling'. i.e. I get v

> The question is, why people take travel insurances that cover lost sunglasses? I think the answer could be a quite mundane appeal to 'bundling'. i.e. I get very comprehensive travel insurance when travelling to the US due to the punitive cost of healthcare (your (1)). This comphrensive insurance can often cover unrelated and unneeded items, but it's hard to slice and dice the coverage exactly.