> I'm also foregone health and home insurance in some instances.
Why do you bother with either? Just try harder to not get sick and try harder to not have your house burn down. Are you not actively trying as hard as you can to prevent your house from getting destroyed? Are you not trying to stay healthy?
I've used a 2% cash back credit card for the last 5+ years. If the CC Company offered to make it 3% in exchange for reduced or inhibited fraud insurance I would seriously consider it.
I've also foregone health and home insurance in some instances.
But I appreciate that risk assessment is absolutely not for everyone.