That is true for home owner's insurance is general. The risk of your home burning down is very low. I suspect many people are capable of self-insuring but why bother when the financial leverage of insurance is so great.
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Originally Posted by jrref
This should tell you since the coverage is so cheap that the likelyhood of a sink hole occuring is deemed very low according to the insurance company. You are probably wasting your money but do what makes you feel secure.
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