>>48721795Yes but it's a valuable tool to protect against risk. If you can afford the cost when a thing goes wrong, don't use insurance since you'll be paying more in the average case. That's why the "extended warranty" crap on consumer electronics is a scam. Your Switch died? Well that sucks but it's not the end of the world. This is a risk that has relatively high likelihood but a relatively low cost if it happens.
You should insure against losses you can't afford though. Your house burning to the ground for instance, or the risk of accidental injury or health problems that could cost hundreds of thousands to fix. These things have a very low likelihood, but a very high cost if they do happen. In the average case, you do still end up paying more to get the insurance, but if shit hits the fan and you don't have it, you're royally screwed.
