I find marine insurance
to be quite a good deal compared with other types. I pay less than $1000 a year -- a small fraction of one percent of the insured amount -- to insure risks which seem to me to be quite tangible. I find it an excellent bargain to pay that kind of money
and then sleep soundly at night knowing that if she sinks at her moorings -- God forbid -- or is lost
at sea -- double God forbid -- that she will be replaced not at my expense. It's a great deal, as far as I'm concerned.
I have rarely made insurance
claims during my life, but on the two or three occasions when I did, I was paid promptly and courteously. I am not quite sure why some people are so bitter about the whole idea
of insurance -- certainly there are some bad apples, but in general the industry is a boon to civilization, as far as I'm concerned.