Insurance Doesn't Make Sense If You Have Savings

 February 12th, 2011
insurance, money
Living in an apartment, it might make sense to get renter's insurance. We'd pay something monthly, and then if something bad happened the insurance company would pay for our stuff. The alternative is not to get insurance, and pay for stuff out of savings if needed. Insurance companies make money. They do this by charging people as a whole more in premiums than they get back in payments [1]. So as long as we can afford to re-purchase all our stuff out of savings, insurance has negative value to us.

[1] Health insurance is different because the company does collective bargaining to decrease how much the providers charge for their services.

Comment via: facebook, substack

Recent posts on blogs I like:

There's no reason for software to be slow anymore

The other day, I saw a viral tweet saying that people talking about how LLMs are causing slow, bloated, code are going to eat crow once they re-write everything in super-optimized assembly. We're not quite at the point where we want to write everythin…

via Posts on August 21, 2026

You can't join the secret inner circle of cool effective altruists

I, and a lot of other people I know, seem to believe something like this:

via Thing of Things August 11, 2026

Microfictions 2

A few more microfictions, still no LLMs.

via Evan Fields August 7, 2026

more     (via openring)