- Joined
- Jan 30, 2008
- Messages
- 5,083
kenny|1402781200|3693299 said:mayerling|1402778920|3693285 said:Isn't car insurance mandatory?
In my state you can post a bond in lieu of liability insurance.
My car is paid off so there is no loan company requiring me to insure the car against theft, so I don't.
If my car is stolen I'll buy another, funded in part with the gobs of money I've saved by not spending a lifetime letting vampiers drain my money away with insurance premiums.
Odds are that won't happen and all that money is mine to keep.
The house is not paid off so I buy the minimum insurance required by my mortgage holder.
When the house is paid off in a few years I'll stop buying that.
I don't expect, nor am I willing to piss away good money, to cling to some idea of a "perfect" life.
Franklin D. Roosevelt said, "The only thing we have to fear is fear itself.:
I'm much more crass; my philosophy is, Shit happens, but it probably won't.
LOL! You obviously do NOT live in the Great Plains - (in my case, Oklahoma). Going without insurance here is truly a game of Russian roulette, and is a false economy. It's not clinging to some idea of a "perfect" life, it's the acknowledgement that the odds of having your home/car/property very badly and expensively damaged, if not totally scraped OFF, are better than most other places. There is no way I could ever amass the amount to replace half or more of my home simply by saved premiums. I even know people who've been hit by tornadoes more than once. We have massive ice storms (trees fall on your house) in winter, flash floods and wildfires in the spring. And now we even have earthquakes! We're an all-purpose disaster state. My philosophy is Shit happens, it's happened to friends, it's happened to me, and statistically, there's a too good chance it could happen to them or me again.
Locations vary.