Yes, and yes. Because after-the-fact, the FD is going to charge me a lot more than $75.
Think of this as Car Insurance.
You drive without Car Insurance, Earth Quake Insurance, Home Owner Insurance, Medical Insurance and rake in the savings that everyone else pays for.
Now something bad happens (Earthquake, Burglary, flood, cancer) and you hold up your $100 bill and demand that the insurance company cover your loss.
It’s just that simple.