It’s a weird gamble because you could probably get some for $250/mo at your age. So it’s a $3000 yearly expense going up against your net worth or savings or declaring bankruptcy.
sh*t, umbrella insurance is $400yr for $2-$3 million and most people don’t get that either.
It adds up. Car, renters, general liability.
But I see your point. I need to consider risk/reward scenarios more seriously. Especially going forward building something for myself, and maybe to pass on one day.
Where I got caught up was being convinced insurance is a scam. Until you need it.
Using it as a catastrophe policy rather than a maintenance plan makes a lot more sense. I've set a definitive date in early 2019 to get coverage.
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