• Posts
  • RSS
  • ◂◂RSS
  • Contact

  • Insurance Doesn't Make Sense If You Have Savings

    February 12th, 2011
    insurance, money  [html]
    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

    Recent posts on blogs I like:

    What I've been doing instead of writing

    I’ve been too busy with work to write much recently, but in lieu of that, here’s a batch of links to other stuff I’ve been doing elsewhere. The thing I’m most excited about: Wave raises $200m from Sequoia, Stripe, Founders Fund and Ribbit at a $1.7b valuati…

    via benkuhn.net September 11, 2021

    Some reasons to measure

    A question I get asked with some frequency is: why bother measuring X, why not build something instead? More bluntly, in a recent conversation with a newsletter author, his comment on some future measurement projects I wanted to do (in the same vein as ot…

    via Posts on Dan Luu August 27, 2021

    Songs about terrible relationships

    [Spoilers for several old musicals.] TV Tropes lists dozens of examples of the “I want” song (where the hero of a musical sings about their dream of escaping their small surroundings). After watching a bunch of musicals on maternity leave, I’m wondering h…

    via The whole sky July 17, 2021

    more     (via openring)


  • Posts
  • RSS
  • ◂◂RSS
  • Contact