Why Have Insurance?
- It is against the law to drive without insurance.
- It is expensive to be involved in an accident. Saving the money instead of paying the insurance premiums wouldn’t accumulate enough money to pay for a day in the hospital.
- Some inattentive driver could crash into Lilith. A deer could land on the hood. A tree could fall on her. I need that truck/home to be operational.
- Would I insure the household items ? Nah. Its only stuff. I could replace everything from savings.
Looking to save money I started fantasizing that if Lilith was called a home then the insurance might be cheaper. How much could it be to insure a 28 square ft home? Maybe she could be called a motor home? A “manufactured home”?
Lilith’s presently has an auto insurance policy that is $360, paid every 6 months to State Farm in Colorado. The policy has a $2,000 deductible. It works within the budget. I still have no firm idea of what I am insured for and when some exclusionary clause is going to come up and bite me.
I will stick with this policy until I get smart enough to figure out something different.