> Not getting insurance doesn't make this cheaper really as you'll just lose your property completely every few years It sounds a bit like the "Boots theory" o

> Not getting insurance doesn't make this cheaper really as you'll just lose your property completely every few years It sounds a bit like the "Boots theory" of Discworld [0]. > insurance rates are often highly subsidized by federal government and actually a really good bargain This feels a bit inconsistent with your previous comment about living in Tornado Alley being "not exactly a bargain". What do you think about studies like this [1] which find a correlation between economic disparity and tornado risk? [0] https://en.wikipedia.org/wiki/Boots_theory https://en.wikipedia.org/wiki/Boots_theory [1] https://www.sciencedirect.com/science/article/abs/pii/S0166046216300333 https://www.sciencedirect.com/science/article/abs/pii/S01660...