2007-03-14 07:53:38 · 9 answers · asked by Jedi Maiden 2 in Society & Culture ➔ Religion & Spirituality
Oh Neddy
2007-03-14 07:56:53 · answer #1 · answered by hot carl sagan: ninja for hire 5 · 0⤊ 0⤋
Oddly enough, the same math models used for gambling also apply to insurance. For example, when you buy fire insurance, you're placing a bet that your house will burn down. Your insurance premium is your bet. And that bet pays off if your house burns down, ie You win! So yes, insurance can be considered a form of gambling.
2007-03-14 15:02:27 · answer #2 · answered by TechnoRat60 5 · 0⤊ 0⤋
No.
Gambling is paying for the hopes of getting more back in return.
Insurance is paying for financial protection in the event something happens. Most people do not hope to use insurance.
2007-03-14 14:59:09 · answer #3 · answered by TLG 3 · 0⤊ 0⤋
Yes.
Driving a car is a form of gambling too.
2007-03-14 14:57:16 · answer #4 · answered by Anonymous · 1⤊ 0⤋
No.
Insurance is the transfer of risk from one person to a company. Gambling is actually something insurance won't protect.
Just the opposite.
2007-03-14 14:57:22 · answer #5 · answered by ♥LadyC♥ 6 · 1⤊ 0⤋
Not really, it's more like covering your @ss.
Playing the stock market is gambling
2007-03-14 15:08:32 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No insurance is necessary for many things. Where would you be without health insurance if you had a car accident?
2007-03-14 14:59:20 · answer #7 · answered by Marg 2 · 0⤊ 0⤋
Home owners ins is most definitely gambling, and it your home is mortgaged-then you are required to have it, but the ins co is not required to pay off. Go figure that one.
2007-03-14 14:59:45 · answer #8 · answered by Desperado 5 · 2⤊ 0⤋
Yes, and you are betting against yourself.
2007-03-14 14:57:59 · answer #9 · answered by Murazor 6 · 0⤊ 0⤋