Insurance doesn't work, period...for anything. It's gambling in reverse, and the house always wins, especially in the last few decades when they can crunch so much data and know the price points with great precision. What's worse is that insurance companies are becoming even more monolithically inefficient than government agencies while still racking in obscene amounts of cash, without having to do anything more than bombard you with horrible advertisements featuring talking geckos.

The fact that some insurances are required by law (in the US at least) disturbs me deeply.