Quote:
Originally Posted by KidVermicious
Insurance is a scam, and big-money lending is a scam. They're based on unscrupulous hacks using your money to make money. Neither is a good idea for the private consumer except in extreme circumstances, and their widespread use has completely distorted our entire economy to the point that we think we need them just to survive. It ain't true.
|
I assume you own a house. Like most people, it's probably your largest asset. If it burns down, flies off in a tornado or floats off in a flood and you don't have it insured, you're SOL.
Do you really run naked on this risk?