From: utzoo!decvax!ucbvax!ARPAVAX:CAD:teklabs!tekmdp!azure!michaelh Newsgroups: net.cycle Title: To insure or not to insure Article-I.D.: azure.941 Posted: Fri Jun 11 10:07:42 1982 Received: Sun Jun 13 02:08:28 1982 Insurance is a bet. You are betting that your bike will be stolen; the insurance company is betting that it won't. On the average you will pay more money for insurance than you would have to have paid for the calamities you are insuring yourself against. (Otherwise insurance companies would quickly go out of business -- they win the bet more often than you) My own rule of thumb is to insure myself against those things which might ruin me or my family financially (fire insurance, life, liability auto, etc.), and to avoid owning non-essential things which I cannot afford to lose. Mike Henry