You stare at a dented bumper in the grocery store parking lot and immediately run the mental math. A body shop repair will cost hundreds of dollars, and you have full auto coverage. Yet, you might decide to pay for the fix out of your own pocket.
This silent calculation happens in driveways and living rooms everywhere. Insurance appears to be shifting from broad protection for everyday mishaps toward coverage people save for major losses.
The micro-insurance paradox
The irony of this shift is that while primary home and auto policies feel less useful for small issues, the overall scope of the insurance market has expanded. You can insure almost...
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