THERE IS NO PRACTICAL OR IMPRACTICAL WAY TO COVER YOURSELF FROM EVERYTHING.
6 years later and this is still completely true. Period. A recent example that isn’t hotdogs;
Was in a position where I needed to buy a car. There were three specific add-ons “sales” that fall into the logic versus fear category. I applied logic and bought none of them. One even had a complete rack of brochures, a clever desk mat and a goofy coffee cup that mimics spilled coffee. You can actually buy coverage for the day to day messes that a car may experience.
We ALL absorb a certain amount of risk. Some of us take on more than others. But what has changed in the “logic vs fear” argument as it relates to insurance is the on-set of IOT(internet of things) devices. I’ve experiemented with a couple and researched quite a few more. The key to this is that they MUST logically do something and this something cannot just be peace of mind.
More to come on this