|We call this kind of fish feed (BOTH colors)... |
Pic shot from predator POV.
INSURANCE, n. An ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.
The following dialog is from the same source. I've edited it to apply to boats, and updated terms and a few of the more prolix phraseologies:
Insurance is an Odd Duck, whether it's for the boat, health, social security (not a hand-out, BTW), life or so on. The best outcome, for both insurers and the insured, is that none receive the services purchased.
In our modern, byzantine environment of bean-counters and hired legal thugs, this can take a twisted turn. The claims of the insured, as individual customers, are easily dismissed or eroded on papery pretexts. Despite an assortment of warmly smiling members of the upper crust, perky albino goth girls, cavemen and talking animals appearing in their ads, Insurance is a ruthless corporate machine, dedicated to extract as much of your money as possible in return for as little as possible. Someone's got to pay for the chrome on their skyscraping headquarters and shareholder profits.
To be uninsured requires some hard decisions in cost/benefit analysis.
What are the likely risks? How much can preventative care and self-help offset costs? I can't fill my own tooth cavities (or anyone else's), but I can brush and floss. I can't perform an apendectomy, but I can set a broken bone. I can't perform open heart surgury, but I can eat sensibly and manage stress. I can't live indefinitely, but I can accept 'death by natural causes' when my time comes, without heroic measures merely prolonging the inevitable. Until recent years, this was the not so terrible case for all.
[ Heal the wound and cure the illness, but let the dying spirit go. Wisdom from A Wizard of Earthsea by Ursula K. Le Guin... a kid's book, for crying out loud!]
Somewhere along that spectrum is a point where one's pocket fails. Can we accept the consequences?
As sailors, we accept and manage risk with every league under the keel. We gear up and train ourselves to deal with emergencies, because we have left the nest. Our insurance is on board. We accept the risk of damage or even loss of life and property should our resources fail. A later settlement avails us not. Day late, a dollar short.
How much further a step is it to carry this into our lives entire? How much of our one precious life, of which money is a mere byproduct, are we willing to spend insuring what remains? The obsessive pursuit of security can squander what we hope to ensure.
PS. Of late, there's been a widespread tendency to tar the uninsured as a swarm of leeches. It is accepted as if true that the insured are somehow supporting the uninsured.
Of course, we who are neither insured nor on public aid (a separate issue) eat our losses, and pay full price for required services, out-of-pocket. We are the clients of the service providers we engage.
If you are insured, you are your insurer's client, and they engage service providers. And they have market clout. Insurance companies negotiate with service providers for lowered prices. Sweetheart deals (aka, economies of scale). Guess who pays for those savings...
Who is supporting whom?