Insurance is legalised robbery.

[Marx]

I wonder how many people read the smallprint on their home insurance. There are minimum security requirements on many policies and the high risk stuff (the things that burglars like to take) is only insured to 10 to 15% of the policy value. Plus items over a certain value have to be named. Also, how do you prove you had the stuff in the first place?

 

The one time I claimed on the car insurance, I had to pay it back to get my no-claims reinstated. I would have been about four times worse off.