We have a whole subthread here about how insurance companies will refuse to pay when push comes to shove; I don&#x27;t really believe in the peace of mind anymore.<p>What I&#x27;m looking for is the ELI5 for what insurance really is about (especially from the POV of insurers) given that, if I understand correctly, &#x27;chimeracoder is disputing the insurance-as-everyone-pooling-money model.