"Mark" wrote in message
...
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?


Especially if the probability is very small (and the possible loss very
large). Then the premiums make it "insurance". If the probablility of loss
is high (eg a dental plan) then you will find it's not really insurance but
that the premiums are so high they are just spread payments.

Roger is right, you *should* only really insure against things where you
couldn't stand the loss itself or its cost (like building insurance).


--
Bob Mannix
(anti-spam is as easy as 1-2-3 - not)