Totally agree. There's the obvious part of insurance: If there's a 1% chance of something bad costing you $1000, you can buy insurance for $12. Then there's the

Totally agree. There's the obvious part of insurance: If there's a 1% chance of something bad costing you $1000, you can buy insurance for $12. Then there's the less obvious part, which is that the insurance company might only have to pay $900 for the same risk that would cost you $1000.