Forum Discussion
Dakzuki
Sep 20, 2014Explorer II
n7bsn wrote:
Something my Grandfather (a self-made Millionaire, back when it meant more then today) told me.
Never insure something you can afford to lose/replace/repair -always- insure something you can't.
Well stated.
The first level of insurance is money in the bank. If you don't have to use it, it's all yours. Money paid for insurance is gone....forever.
Run a high deductible and keep that plus some to cover it. You are also making a bet but the odds are on your side.
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