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If the lose isn't going to dramatically impact your financial wellbeing then insurance is always an irrational bet.
by padjo 1mo ago
If the lose isn't going to dramatically impact your financial wellbeing then insurance is always an irrational bet.
- Quarrelsome 1mo agoye the sums would be different if I had dependents, but I'm fortunate that I don't.
- avidiax 1mo agoIt's not irrational if you know that the insurance company has mispriced your policy, and filing a claim won't be more trouble than it's worth. Getting a contents policy in a safe neighborhood where you know that there's little risk is likely not a good deal. Getting a contents policy when you've learned that your neighbors are getting into hard drugs is probably a good deal. Paying $19/mo for third-party full coverage + theft on your $1,000 mobile phone is probably not a good deal even if you know you are high risk, for the simple reason that at $19, they game must be that they will find any reason to refuse to pay, and will give you a poorly refurbished phone for your troubles if you make them honor the insurance.