Originally Posted by Timequake

Anecdotal evidence does not trump statistics. I'm sorry you were in poor health, and I'm glad your insurance helped you. But statistically speaking, people pay way more in premiums than they receive from claims.

And as for the argument "If it burns down tonight you think I will be at a loss?" You just made my point. If your house burns down. But it hasn't. And chances are it won't.

Again, statistically speaking, one would be far better off financially by taking their insurance premium costs and putting them into a savings account and drawing from it only when needed. That is a fact. Whether or not you enjoy the peace of mind that insurance brings or you have anecdotal experience with having to claim your insurance is irrelevant.