On Mon, 27 Jul 2009 14:28:28 +0100, Roger Chapman
wrote:

Mark wrote:
On Sat, 25 Jul 2009 13:03:16 -0700 (PDT), RobertL
wrote:

On Jul 25, 7:11 pm, "Ray" wrote:
It's only ever really worth it if you have to claim, looking at it
logically!!!

And not even then (IME) because they up the premiums over the next few
years to recoup the payment.

If you look at it logically it's never worthwhile to have any
insurance unless you know the risk is much greater than the insurer
expects. Insurance companies asses the risk and then add on their
profit margins.

I tend to look at it from the opposite perspective. It's only worthwhile
insuring for losses you can't easily stand yourself.

Even if the probability of the loss is very small?

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