06-09-06 - 5


It's a basic truth that insurance is -EV. That's almost in the definition of insurance : the insurer takes a profit to reduce your risk. What that means to you is any sort of reasonably cheap insurance you should pass up. Travel insurance, postal package insurance, dental insurance, etc. etc. all are -EV. The only things you should insure are when the unlikely bad event carries risk of ruin.

No comments:

old rants