If life weren't full of risks, it wouldn't be life. That doesn't mean, however, that you can't reduce your exposure to risk.
Insurance is one way to reduce that exposure.
Deductibles make insurance more affordable because they reduce the insurer's costs, since it avoids both the indemnification and administration of small claims. Deductibles also help reinforce the idea that insurance is meant to protect against significant loss, not routine loss. Keeping this in mind will, as discussed more below, help you adequately plan your insurance needs while keeping the cost of insurance economical. It also helps the insured maintain the state of caution necessary to avoid losses in the first place, saving insurance for unavoidable or catastrophic loss. Although FindLaw tries to provide accurate and current information, the ideas, information, and conclusions provided here may differ depending on local, state and federal laws and regulations and court cases.