Return-Path: Sender: (Marvin Kaye) To: lml Date: Thu, 27 Mar 2003 22:08:47 -0500 Message-ID: X-Original-Return-Path: Received: from mailhost.det3.ameritech.net ([206.141.193.106] verified) by logan.com (CommuniGate Pro SMTP 4.1b2) with ESMTP id 2090507 for lml@lancaironline.net; Thu, 27 Mar 2003 20:19:33 -0500 Received: from dynacomm.ws ([66.72.181.200]) by mailhost.det3.ameritech.net (InterMail vM.4.01.02.17 201-229-119) with ESMTP id <20030328011927.YPGQ176.mailhost.det3.ameritech.net@dynacomm.ws> for ; Thu, 27 Mar 2003 20:19:27 -0500 X-Original-Date: Thu, 27 Mar 2003 20:19:27 -0500 Mime-Version: 1.0 (Apple Message framework v551) Content-Type: text/plain; charset=US-ASCII; format=flowed Subject: Re: flying the Atlantic, insurance and other questions From: Lorn H. Olsen X-Original-To: Lancair List Content-Transfer-Encoding: 7bit X-Original-Message-Id: <51E3BAC9-60BB-11D7-AF35-000393C2C1A6@dynacomm.ws> X-Mailer: Apple Mail (2.551) > . > . > . > While I've never cost an insurance company a penny, nor collected one > from > them, I've paid them enough during my lifetime to buy a Lancair. > I now minimize insurance in every possible way. > Sonic Sonic, The MAA in my signature stands for Masters in Actuarial Arts. I had to go to school for a long time to discover that what you are saying above is the exact truth. Paying $400 per year to insure a $200,000 house is a great idea. Why? Because losing the house would be a catastrophe and losing the $400 isn't quite so bad. But lose the $400, you do. Don't insure ANYTHING that would not be a catastrophe to you, if you lost it. No eyeglass insurance, no dental insurance no nuting. Insurance against catastrophes is great but all insurance cost more than what we call the "expectency" of the loss. In the long run, if you do not buy the insurance, you will win. -- Lorn H. 'Feathers' Olsen, MAA, DynaComm, Corp. 248-478-4301, mailto:lorn@dynacomm.ws LNC2, O-320-D1F, N31161, Y47, SE Michigan