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Old 12-11-2001, 06:56 PM
Posts: n/a
Insurance pays for a lot more than the vehicle, i.e. medical.

If you have enough capital to self insure then you should have enough money to blow on insurance. After all what's a few hundred dollars? "Wasting money on insurance should'nt be an issue.

If one is really concerned about spending a few hundred dollars on insurance then how will one really feel when he or she pays thousands for an accident settlement?

I assume you have insurance on items of value? I look at it this way, if something were to ever happen to my 86 SL (106k miles), I expect my insurance company to pay up!!! Without full coverage I would be SOL...

I would agree it makes no sense to insure junk. Hence, the litmus test to use when wondering whether to insure or not to insure: Is it junk or not?
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