Originally Posted by
Timequake
I think you and everyone else misunderstood my point. If you look at the monthly insurance premiums you pay, then deduct the amount actually paid out to you by insurers when you make a claim, you will realize you are paying in way more than you are getting out of it.
LMAO! My open heart surgery hospital stay and attendant costs like surgeon fees was WAY more than the premiums paid and my out of pocket cost, the latter of which was was $10 for the phone in the room.
Got more out of my insurance when I broke my collar bone back in 2012, when I was actually paying premiums.
And as noted above, I currently don't pay a dime for health insurance and haven't for several years.
As for HO insurance, I have paid less than $10,000 in premiums over the 12 years I have owned my home. If it burns down tonight you think I will be at a loss?
Moreover, just think of how much
more you would be out of pocket without insurance. Talk about trouble with maths.