I've all but made up my mind to pay off the mortgage and be done with insurance for a while. My electric panel does not need replacing - nor does my roof at this time. It's madness what they are asking me to do just to renew my policy....sheer madness!
Insurance doesn't prevent damage - it just provides some financial support should the need arise....the key words being 'should the need arise'.
For many folks, there's nothing wrong with being self-insured.
I'll make my decision by Friday....at high noon!
