Tom
I am a FH squatter
- Joined
- Dec 22, 2003
- Messages
- 17,358
- Thread starter
- #91
Isn't that what insurance is for? The insurance against an UNLIKELY event. Otherwise why do people insure their homes against burglary? You're extremely unlikely to be the victim of it...
Also the value thing you mention holds no ground either. If a cyclist can cause hundreds of pounds of damage and injure people, why shouldn't they be insured? Just because it's worth a few hundred/thousands instead of multiples? What utter nonsense.
It's extremely unlikely that you'll negligently walk into a road and cause a multiple vehicle pileup. But by your reasoning, because it's unlikely it doesn't mean it can't happen, and you should therefore carry insurance to protect you against such claims.
By the way, contents insurance isn't a legal requirement, because being burgled doesn't really impact a third party, so you've kind of shot yourself in the foot there.
Do you have pedestrian insurance which covers you in the event you cause such an accident?