Quote:
Originally Posted by Paladin1
Insurance, of any kind, is a bet. It's a bet by the insurance company that you won't collect. Usually they win. Sometimes they don’t. If you think you might be in the latter category because of factors you have evaluated, covering that bet may be worth it - for you, knowing that the house odds are against you. Except of course, with life insurance, where the player always wins against the house. Sort of.  |
A bet indeed. If BMW didn’t win more than they lose, they wouldn’t offer these plans at these prices. For my part, I prefer to self-insure. But that is an individual choice.