[sokoloff]

Disagree. I take the view that you should only insure against risks that would be significant hardships if they occurred. (Maybe a secondary exception if insurance buys you significant peace of mind.)

At this point, I don’t carry collision insurance on our cars (I have liability, of course, but not insurance to pay if we wreck and fault is ours or undetermined.) Why not? Because buying a replacement car wouldn’t be a significant hardship that would be alleviated by the insurance coverage. (Our cars are 2005 and 2015.)

[Aeolun]

Wouldn’t that mean that the premium on that insurance is also practically zero?

If something you have insurance for wouldn’t be a hardship if it occurred, then the premium should be a rounding error.

To be fair, I guess it could be more annoying to go through the whole insurance process, so I guess I sort of understand what you mean.