Originally Posted by
rpenmanparker
Nobody loses on insurance. Nobody wins. You aren't buying a specific compensation that you may or may not receive. You are buying the protection and peace of mind. If you in fact received the protection (no reason to assume otherwise), then you got what you paid for whether you ever get compensated for a loss or not. Your belief is the classic misunderstanding about insurance.
And your claim is the classic sales pitch for insurance, preying on people who are bad at math and filling them with fears disproportionate with reality which can then be "protected against".
Same hopes being preyed on by the casinos, just the opposite side of the same heads-i-win(eventually)-tails-you-lose(eventually) coin.