I voted this up, but I want to comment to point out that this is a really important point. Don't be tricked into not getting insurance just because it has a negative expected monetary value.
I voted Silas up as well because it's an important point but it shouldn't be taken as a general reason to buy as much insurance as possible (I doubt Silas intended it that way either). Jonathan_Graehl's point that you should self-insure if you can afford to and only take insurance for risks you cannot afford to self-insure is probably the right balance.
Personally I don't directly pay for any insurance. I live in Canada (universal health coverage) and have extended health insurance through work (much to my dismay I cannot decline it in favor of cash) which ...
To whom it may concern:
This thread is for the discussion of Less Wrong topics that have not appeared in recent posts. If a discussion gets unwieldy, celebrate by turning it into a top-level post.
(After the critical success of part II, and the strong box office sales of part III in spite of mixed reviews, will part IV finally see the June Open Thread jump the shark?)