Quote:
Originally Posted by spinner1001
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.
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I don't have the data, but if it were available, it may convince me to invest in an LPS system. I don't know how to assess the risk because I don't know what the chance of being hit by lightning really is. But, I have a small house that represents a small percentage of my net worth, so if it were destroyed by lightning, I would just collect the insurance and buy another house. I guess my situation is different from other people. Yes, it is a personal decision.