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related to automobile insurance. There is also a generic insurance tag.
9
votes
Why is net worth a recommended minimum for insurance coverage
The keys here is both that Bankruptcy is a thing, and you are going to fight much, much harder against a suit that goes after your assets than one that goes after your insurance coverage.
The distribu …
81
votes
Accepted
For very high-net worth individuals, does it make sense to not have insurance?
Just ask Kelly
Yes, it can sometimes make sense to not insure as a high-net-worth individual (or corporation!), and the math that tells you when is called the Kelly Criterion.
The Kelly Criterion is o …