A Second-Rate Insurance

The discussion of whether to take out insurance is a fascinating one. What engrosses me is that the signs pointing towards taking out insurance policies seem so strong, and yet I take a strong personal stand against it. Being someone who doesn't go down quietly in an argument, I've enjoyed the challenge of trying to reason against insurance policies. Three things motivate my stand. Firstly, the average person loses money by taking insurance, so in the general case it's wiser to take that insurance policy payment and put it in a high interest savings or investment account. Of course you're not going to cover the cost of crashing into a Porsche, but how often will you? At least this way you get all your money back, and with interest, although you do need to have the discipline not to spend it first. Secondly, for me personally, to take insurance is a declaration that I do not have faith in God's provision. I know a lot of people disagree with this, but this really violates me. Thirdly, to take out insurance is to live for failure. It's like believing you are going to fail and cutting your losses instead of going all out for glory. Hey, if you crash and burn, at least you went out trying. Rather that than to kick off by saying: I know I'm going to fail, so let's go out and spend money to cover for my failure, money which on average I'm not even going to get back. Maybe now you can feel my sentiment - you don't have to agree with me, but at the very least, you can agree that all of us could do more with our finances if we gave it some thought.