> Insuring against all of this is almost certainly under 1000 per year.
Um, no.
Average auto insurance premium is $1,470/yr. [0]
Average homeowners insurance is $1,130/yr. [1]
Average health insurance (in 2018, probably more now), was $440/mo., Or $5,280/yr. [2] (And average health insurance will leave a lot of exposure to costs, so you still have a lot of downside risk at that price.)
The idea that you could almost certainly insure against all of that for under $1,000/yr is...wildly inaccurate.
Being indifferent to a recurring unnecessary 9k annual expense is roughly being indifferent to 9000 / +4% * 5m) = 4.5% loss of income from investments. If you're indifferent to too many decisions of this form, it's a good way to solve the problem of figuring out how to manage your assets
Um, no.
Average auto insurance premium is $1,470/yr. [0]
Average homeowners insurance is $1,130/yr. [1]
Average health insurance (in 2018, probably more now), was $440/mo., Or $5,280/yr. [2] (And average health insurance will leave a lot of exposure to costs, so you still have a lot of downside risk at that price.)
The idea that you could almost certainly insure against all of that for under $1,000/yr is...wildly inaccurate.
[0] https://www.thezebra.com/auto-insurance/average-auto-insuran...
[1] https://www.creditdonkey.com/average-cost-homeowners-insuran...
[2] https://www.ehealthinsurance.com/resources/affordable-care-a...