[ciconia]

The best form of insurance is self insurance, if you have some money on the side. Instead of paying someone to insure the risk (and get rich on top of the rent), I allocate a reasonable amount (5 figures) and put it on the side, and take the risk on myself.

[srean]

I wouldn't go as far as calling it the "best" form. This can spread the risk over time-dimension of a single trajectory (i.e. your trajectory). Conventional Insurance has more space to spread the risk over: the trajectory of everyone who enlist themselves.

[phonon]

I am sure that will work well if your home burns down.