Do you gamble? Do you bet on yourself or against yourself?

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I have always felt that insurance in general was at best a bet against yourself. I never buy insurance unless it's mandated by law and I can't get around it. Insurance started out as a scam by the gangs in New York. Back then it was called extortion. They would tell a shop owner that if they didn't pay, something would happen to their shop. Those that didn't pay had the same gang break in and tear the place up. Those who don't study history are doomed to repeat it. These days you can get insurance, called extended warranties on electronics, appliances and even cars. The question is, are these warranties all they are cracked up to be? Most of them are explained in such double speak that you are not sure what you are buying. Not only that, the extended warranty won't even take affect until the manufacturer's guarantee is exhausted so if the warranty from the manufacturer is for a year you will be paying premiums on an insurance that will be useless for twelve months. Here's a link to an article that explains this more fully. <a href=" [ALERT] Gadget Insurance and Extended Warranties (Ask Bob Rankin) I can see I need to learn how to make links clickable but you can copy and paste it to read the article.