You may ask, "What's so good about insurance?" Insurance spares us the devastation of sudden and accident loss of our valuables. Devastating losses include losing our car, our truck, our home, or all of our personal belongings in a apartment fire. Sudden and accidental loss means that insurance does not cover intentional omissions or actions. If a home's water line is leaking in a manner slowly, over many days or months, then this is a problem that we can observe and fix. Translation: slow leaks are not sudden and accidental. Your "takeaway" action item is . . . if you see a problem, then fix it before it becomes worse. Back to insurance: we should keep policies that cover valuables that we cannot afford to lose. Spare yourself the devastation of sudden and accidental loss of your important stuff! Check your policies. Is your coverage up-to-date for rental dwellings, renters' belongings, cars and homes? If so, then you will be happier in the long run.