Dare I chance going without insurance? What if a tornado flattens it? It does sound tempting at times.
It is all about figuring the odds. To make money in any investment we take into account odds of success. I carried home insurance since 1970. Never needed to use it. Tornadoes hit 0.005% of homes. Chance of success is 99.995%.
I like those odds. I am enjoying many cruises with money saved on home insurance, auto collision insurance.