Timeline for Why buy insurance?
Current License: CC BY-SA 3.0
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| Oct 14, 2015 at 21:04 | comment | added | tomasz | On the other hand, cases where insurance companies have gone to great lengths to avoid paying are not unheard of. This will never happen if you self-insure (you will not refuse to give yourself money that you need), and having to face the paperwork alone may significantly offset the comfort of being "protected". | |
| Oct 5, 2015 at 23:43 | comment | added | Kevin Krumwiede | This is the fundamental answer. Insurance has a cost that you can calculate, but what you're actually purchasing is security. Security is an intangible product with a subjective value. You may value it differently depending on what you're purchasing it for, but its value always remains subjective and ineffable to conventional accounting. | |
| Oct 5, 2015 at 16:50 | history | edited | Zenadix | CC BY-SA 3.0 |
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| Oct 5, 2015 at 16:10 | history | answered | Zenadix | CC BY-SA 3.0 |