Quote:
Originally Posted by Tcoat
Please define “need”.
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Ahh - now you are understanding. If you spending that $80 makes you sleep well at night, well then it's probably worth it for you. Me spending the same $80 would make me feel like I unnecessarily just threw away $80 bucks (which is why I didn't and wouldn't do it).
But make no mistake, you are buying emotional well being. It is not cost-justified from a pure mathematical sense because, as I am sure you understand, even assuming perfect risk assessment by the insurance company (which is a lot to assume), insurance is always a net loss for the insureds when taken as a whole because of the costs involved in administering it.
Everyone has different feelings about risk.
Of course, having said all of that, I can't understand insuring for a "gap" that doesn't exist.