alt Hacker NewsInsurance is such a crutch for some people, but it shouldn't be.
If something is worth doing, it's worth doing whether you have insurance or not.
In my opinion, the amount of resources spent on buying insurance would, in almost every case, be better spent on prevention rather than after the fact mitigation.
Replies
> If something is worth doing, it's worth doing whether you have insurance or not.
Taking a mortgage that allows you to buy a house you'll pay off over 30 years and then sell when you retire requires insurance.
Without insurance the investments we make in ours homes would need to be a lot smaller.
I'm not saying it's a bad idea, just that it's not without significant impact.
> If something is worth doing, it's worth doing whether you have insurance or not.
You're forgetting about insurance fraud.
It's that "in almost every case" that's the problem. The whole point of insurance is to cover that case where it does happen, irrespective of how unlikely it is.
Case in point, my partner was diagnosed with a very, very, very rare terminal cancer at 32. Insurance turned out to be a great investment for us.