Is Renters Insurance A Waste? 
Insurance is a pooled risk . Some people will take more from the pool than others . That is the nature of risk . It really has little to do with the practices of insurance companies . The risk that is shared is one that individuals can not bear themselves . Most people can not bear the cost of a lawsuit . Large corporations , routinely bear that cost and do not share their risk with others . That is called , self-insuring . 