Richard Kaplan wrote:

That may be true but it almost always makes sense to have SOME level of
liability insurance. First, that means you are entitled to a legal defense
paid by the insurance company. Second, it creates the likelihood that any
suit will be settled for policy limits.

There is also a third reason. If I crippled somebody and destroyed his
life, I would be very unhappy of course. But if I were not insured and
could not compensate his "inconvenience" at least to some degree, so
that he not only was crippled, but on top of this also financially
ruined, I would sleep pretty bad for the rest of my life. But maybe this
thinking is too European.

Stefan