bubblehead
Confused about dryer sheets
- Joined
- May 12, 2013
- Messages
- 9
Any insurance is expensive, unless you need it.
A friend's parents were retired and living frugally in their life-long small home. A tornado came along and destroyed the home, fortunately they were visiting neighbors at the time.
It turns out they had cancelled their homeowners insurance because it was "too expensive".
I moved away shortly after, and lost track of them. But they certainly did not have the money to rebuild and I'm not sure they had enough money to rent.
We can't insure against every possibl problem; but need to look at both the probability of an event happening and what the consequences would be if it does happen. Look at the insurance cost, and choose wisely.
troweprice gave me a free morningstar premium enrollment-i had never been there-and i ran across this. might be pertinent
Long-Term Care: Denial Is Not One of the Choices