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Re:Ask HN: What did you do when you suddenly got rich? by meritt on Wednesday July 24, 2019 @11:47PM (#20522391)
It's absolutely not about the replacement cost of stuff. It's about protecting your assets from lawsuits.
Re:Ask HN: What did you do when you suddenly got rich? by dennisgorelik on Thursday July 25, 2019 @01:37AM (#20522840)
Insurance makes lawsuits against property it covers -- more likely, because insurance increases chances of plaintiff to get paid.
Re:Ask HN: What did you do when you suddenly got rich? by analog31 on Thursday July 25, 2019 @01:20AM (#20522768)
Indeed, for example, mandatory auto insurance in my state is primarily to cover liability.