Quote:
Originally Posted by retiredguy123
Basically, I'm skeptical and cheap. If a risk cannot be quantified with real data, I won't buy the product. I feel the same way about whole house surge protectors, identity monitoring, extended warranties, etc. If thousands of houses have a lightning protection system, why can't they tell me how many times these houses have been hit by lightning, but escaped damage?
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Your many other posts about financial matters seem to indicate that you are risk adverse.
LPS lower catastrophic risk—-on average—-but the effect size is unknown because data are sparse given that lightning strikes are random. You seem to be willing to accept lightning strike risk, perhaps because the cost of a LPS is too high for you. That’s ok because it is a personal decision—-but not the decision of everyone. YMMV.
And, no, you are wrong that homeowner’s insurance will make you whole if your house suffers a catastrophic lightning strike. You did imply that in your earlier post in this thread. That’s just silly. Insurance will not make one whole for a catastrophic loss. But if you have REAL DATA (as you call it in your post above) to show otherwise, please share that data with us.