For those of us that have grown up with the concept of insuring important or expensive things, the idea that it is a form of gambling is usually quite foreign. After all, there is a world of difference between the glazed eyes and bad decisions that fill pokies venues, and the sensible mainstream idea of insurance. Actually, insurance can be likened to gambling – but only in a very abstract sense. Today we explore the Ned Flanders approach to travel and travel insurance … and why for most of, his ar-diddly-arguments just don’t hold up!
The Ned Flanders Approach to Insurance
Actually, the school of thought that says that insurance is a form of gambling is much older than Ned Flanders (ultra-religious neighbour of The Simpsons). Howev