My point is all insurance is suckers bet if you look at it as a chance to win more than loose. Now I buy insurance for a lot of things. I also buy lottery tickets, have been know to lay money down where the dominions are galloping across the table. I can know it's a suckers bet, and still take it, but many are offended if asked to look at it clearly
Insurance a suckers bet? I'd rather take that bet than have to pay out-of-pocket should something happen. An 8-day stay in a cardiac intensive care unit was almost $100k. A totaled car (not my fault) would have been another $35K out of my pocket. A "suckers bet" as you call it is far smarter than playing the odds that nothing will happen.