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0 pointsshepherdjerred1y ago0 comments

If you can manage your finances well, then sure. Many people would see that pile of cash in their savings and spend it. Paying a monthly amount to a third-party is safer in many ways, even if you have some % of overhead.

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mb77331y ago

I don't care how well you manage your expenses, it doesn't make sense to keep enough cash on hand to rebuild your house if it burns to the ground. (Not to mention that is completely impossible for almost everyone.)

dragonwriter1y ago

If insurance can predict when losses will occur accurately and price accordingly, even this arguable temporal-cost-spreading benefit is lost.

bartonfink1y ago

so in your world, it's irresponsible to own anything unless you also put its replacement cost in escrow. house burned down two weeks after closing? fuck you, take the loss and enjoy being broke or homeless. that's asinine. think more before posting in the future.

shepherdjerredOP1y ago

I'm open to having my mind changed, but when you post with this attitude it achieves no purpose.

You assumed my views without asking.

My comment only referred to there still being a benefit in choosing to have insurance even with perfect information about risk and expected benefits. At no point did I even imply that I thought "it's irresponsible to own anything".

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