Who ever expects their house to burn down? Not me. But it happens and that's why you need home insurance. Your neighbor's house could look like a fire waiting to happen like the snail walking across the highway but your house that is in perfect condition burns to the ground. A lightning strike hits your house but misses your neighbor's house.
Is insurance a gamble? Insurance is not really a gamble because with gambling there is always a chance that you'll win. But with insurance, you may never have a claim. Does that mean that you skip buying insurance? Well, that depends. Insurance is a system of spreading risk across hundreds or thousands of other like insureds. If you're a billionaire then you probably don't need to buy home insurance for your $25 million home. In this case, you can self insure. A twenty five million dollar loss to a billionaire is just pennies to the rest of us. But for the vast majority of us mere mortals we have to buy home insurance to spread the risk among others and if our house is destroyed by winds from a hurricane then fortunately our insurance will come to the rescue.
Did that snail buy insurance? I doubt it. Snails aren't very smart. They cannot make logical or informed decisions. Did the bike rider have insurance? Hope so.
You just never know what's going to happen. Better have Triest as your insurance agency.