How important is Insurance?

"Without insurance, the entire concept of private property rights is not sustainable. The industry does a poor job of making this point, because you never hear it, but it is true. If you can lose any property with one strike of a match, one cutting of a bolt or one turn of the wheel -- then you effectively have no real property ownership.

Further, without insurance, the concept of ever getting a loan for a car, boat, a Harley or a home is out the window. Even if you obtain these things by writing a check for the full price, the concept of a good night's sleep is out the window without the financial protection of insurance.

Thus, the idea of a vibrant free market economy is in fact moot without risk management by way of insurance. (And you know, maybe that's the whole point behind the trashing of the insurance industry. More on that later.)" [American Thinker]