Originally Posted By: Donkleaps
Insurance is nothing more than mandatory gambling.


Yes, only you don't get a choice of not buying the ticket and when you win you have to pay. Plus, mandatory part applies to "paying up", not the fact that you "gamble" - that part is life.

Quote:
For the low price of 50$ a month I guarantee that I will never punch your face.


From purely insurance point of view, getting punched in the face is low-chance low-damage occurrence. My life insurance cost a bit less, so chances of you punching me in the face must be higher and more damaging than a piano getting dropped on my head, then it would be a good deal.

Meanwhile I will cover expenses of potential damages of such situation of the pocket.

Now, do you think you could out of pocket cover a cost of hydroplaning and accidentally killing a family or your gun getting stolen and used to murder said family? If not, then who should?

Last edited by sini; 02/25/13 07:38 PM.
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