UPDATE of https://theinsurancebill.com/?s=logic+versus+fear

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