SillyBilly
Registered User
- Messages
- 49
Indeed - in a similar vein...Watched a documentary on insurance on the BBC last week. I think it was called "Trust me I'm an Economist"??? At least that's what the presenter kept saying to everyone he interviewed. On insurance he advised people follow this rule: "you only insure what you cannot afford to happen/replace not what you can".
Based on this logic you'll insure your home, or against a car accident/theft etc. but not your mobile, pet's health or presumably your MP3 player.
He said that insurers play on the fact that we don't like uncertanty, with insurance we feel we are removing the unpleasant surprises life throws at us hence the rule.
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