09-04-2015, 10:27 AM
(09-04-2015, 10:22 AM)bfine32 Wrote: I have no idea how folks can have insurance on the cars and home; yet, refuse to take out insurance on their souls. You might not ever need any of them, but it gives me peace to have all of them insured.
Most people are required to take out insurance on their cars do to not truly owning them. Those that own, nearly everyone has at least the minimum of liability (Some states allow you to pay a fee to be exempt form insurance on vehicles). Nearly everyone is required to have insurance on their home because they have a mortgage. Plenty of extremely rich people forgo insurance even on multi-million dollar homes and choose to self insure.