[Psy_Mike]

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get insurance

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getting insurance is a -EV gamble...so I wouldn't call it a "no brainer" like others say

but it does reduce variance [img]/images/graemlins/wink.gif[/img]

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Nobody claimed it was +EV. I can't think of any reason why you would go against the "no brainer" sentiment.

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Because it's -EV and some people can handle the variance?

I'd never buy renter's insurance for instance. Clearly not a no brainer.

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It sounds like the rental insurance is a flat fee for all? If so, isn't it quite possible that while the insurance is surely -EV for consumers as a group, that for certain higher risk groups (such as rich people) this turns into a EV+ deal?

Also if you take into consideration the value of such things like emotions and the time it takes to replace and get everything set up again I would assume it's EV+ for pretty much everyone, and it's a bit anal trying to save a fraction of a blind of EV in pure $EV.

Anyway, my condolences OP [img]/images/graemlins/frown.gif[/img] Hope everything works out alright for you!