I use a similar for health insurance but since I own no property the rest of it isn't really relevant to me. People complain about how insurance is too expensive and for health insurance in USA they are probably correct.. However, my insurance plan isn't that much (like $1000 / year) but the thing is that it is, like you say, ONLY for the big stuff. Tiny things like tummy aches and any outpatient stuff is a cost I have to endure on my own and will normally just get it taken care of on my own or at a clinic. My health insurance will only kick in during something extremely major that would otherwise cause me financial ruin.