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> Insurance is primarily for major events. The things at the extreme upper end of the bell curve That's how it should be, but isn't because all insurance contr
by mpreda 2y ago
> Insurance is primarily for major events. The things at the extreme upper end of the bell curve
That's how it should be, but isn't because all insurance contracts cap the maximum insured amount. So that's absolutely NOT the "extreme upper end of the bell", not at all.
- Mathnerd314 2y agoThere are unlimited umbrella policies, but practically past 1 million or <net worth> it is probably cheaper to declare bankruptcy than pay the additional premiums.
- e_y_ 2y agoWouldn't you rather not lose $1+ million? It costs something like $400/year per $1M coverage which is hardly breaking the bank.
- Mathnerd314 2y ago$400/year is a new laptop or something, if you spend the money then the creditors can't take it.