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While I've never cost an insurance company a penny, nor collected one from
them, I've paid them enough during my lifetime to buy a Lancair.
I now minimize insurance in every possible way.
Sonic
Sonic,
The MAA in my signature stands for Masters in Actuarial Arts. I had to go to school for a long time to discover that what you are saying above is the exact truth.
Paying $400 per year to insure a $200,000 house is a great idea. Why? Because losing the house would be a catastrophe and losing the $400 isn't quite so bad. But lose the $400, you do. Don't insure ANYTHING that would not be a catastrophe to you, if you lost it. No eyeglass insurance, no dental insurance no nuting. Insurance against catastrophes is great but all insurance cost more than what we call the "expectency" of the loss. In the long run, if you do not buy the insurance, you will win.
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Lorn H. 'Feathers' Olsen, MAA, DynaComm, Corp.
248-478-4301, mailto:lorn@dynacomm.ws
LNC2, O-320-D1F, N31161, Y47, SE Michigan
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