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Insurance Is Meant For Extraordinary Circumstances. You Don't Use Car Insurance To Pay For Oil Changes Or Gasoline; You Have It As Protection In Case You Have A Terrible Accident Or Your Car Is Stolen. You Don't Use Homeowners' Insurance To Pay Your Electricity And Water Bills; You Have It As Protection In Case A Fire Or Other Catastrophic Event Produces A Large Expense. Obviously, Any Insurance Policy That Promises To Cover Every Small, Ordinary Expense Is Going To Be Much More Expensive Than One That Covers Only Extraordinary Expenses.
-Harry Browne
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Insurance Is Meant For Extraordinary Circumstances. You

Insurance Is Meant For Extraordinary Circumstances. You Don't Use Car Insurance To Pay For Oil Changes Or Gasoline; You Have It As Protection In Case You Have A Terrible Accident Or Your Car Is Stolen. You Don't Use Homeowners' Insurance To Pay Your Electricity And Water Bills; You Have It As Protection In Case A Fire Or Other Catastrophic Event Produces A Large Expense. Obviously, Any Insurance Policy That Promises To Cover Every Small, Ordinary Expense Is Going To Be Much More Expensive Than One That Covers Only Extraordinary Expenses.
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