Also landlords
And then they’ll make up an excuse to not give you shit
Finding a reason not to pay is their job.
This is why I would avoid middle man if possible. Another mouth to feed. Might as well save the insurance money instead of paying it.
For some things saving for the risk is not possible for normal people. You probably can’t have enough saved in case your house burns down, you maim someone with your car, you need a medvac from abroad etc.
Unfortunately no, the odds of you experiencing catastrophe are much higher than your odds of winning the lottery, especially if you live an active lifestyle.