> Insurance is primarily for major events. The things at the extreme upper end of the bell curve
That's how it should be, but isn't because all insurance contracts cap the maximum insured amount. So that's absolutely NOT the "extreme upper end of the bell", not at all.
There are unlimited umbrella policies, but practically past 1 million or <net worth> it is probably cheaper to declare bankruptcy than pay the additional premiums.
That's how it should be, but isn't because all insurance contracts cap the maximum insured amount. So that's absolutely NOT the "extreme upper end of the bell", not at all.