> No, because you're paying for the peace of mind that comes with knowing that your worst-case scenario has been mitigated, on the off-chance it happens.

The irony is that the peace of mind I end up with when dealing with insurance companies of any sort is the dead certainty that they are going to screw me over just as hard as they possibly can, should I ever actually need the service they pretend to be in the business of selling, so I'd better give them as little as I can legally get away with and expect to handle the unlikely disaster on my own.