"Blair P. Houghton" > wrote

> My current personal attitude towards excess insurance
> is that actuarially it's cheaper for me to "self-insure"
> than to give profits to the insurance companies.
>
> I.e., I'm betting that I won't need it, rather than
> guaranteeing that I'll pay more than that over time.
> And if I do need it, I'll have the cash I saved from
> not paying premiums to pay for it.

Absolutely. You can save a ton of money if you think of insurance
as for catastrophes. If you can, save up enough cash to cover a
high deductible, and hope you never need to use it. If you want
a payout every time you visit a doctor or a tree topples over in
your yard, you're going to pay big.

nancy