> It even says so at your link: if you can't afford to replace something, and must have it, then insurance makes sense.
Yes, absolutely, if you cannot afford to lose the insured item, then you really should get insurance. But that leads to the insurance paradox: people who buy insurance tend to be people who cannot afford to lose their possessions because they buy insurance instead of becoming investors.
Yes, absolutely, if you cannot afford to lose the insured item, then you really should get insurance. But that leads to the insurance paradox: people who buy insurance tend to be people who cannot afford to lose their possessions because they buy insurance instead of becoming investors.