insurance is low T

[piec]

if they are making profit how is that worth to buy statistically

 

[Advantage]

To protect assets you wouldn't have the budget for to repurchase. If you insure your house then sure you will have to pay slightly more then what it should be worth but insurers have a lot of costs and risks to take. If your house burns down and youre insured then congrats cus you just protected a valueable asset for a low price. If your house burns and you don't have insurance then good luck trying to buy a new house.