It's absolutely not about the replacement cost of stuff. It's about protecting y... | Hacker News

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		meritt on July 25, 2019 \| parent \| context \| favorite \| on: Ask HN: What did you do when you suddenly got rich... It's absolutely not about the replacement cost of stuff. It's about protecting your assets from lawsuits.

dennisgorelik on July 25, 2019 | [–]

Insurance makes lawsuits against property it covers -- more likely, because insurance increases chances of plaintiff to get paid.

analog31 on July 25, 2019 | [–]

Indeed, for example, mandatory auto insurance in my state is primarily to cover liability.

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