luthervol
rational (x) and reasonable (y)
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It's unlikely that your house will burn to the ground. But you still carry insurance because the consequences could be ruiness. It's just insurance that you hope you never need.
That's an excellent point and one reason why I have NEVER and will NEVER advocate for any law that would take away a person's right to own a gun for self defense.
The other part of your analogy would need to include this, 50% of all house fires are caused by the spontaneous combustion of insurance policies, thousands of insurance policies are "lost" or "stolen" every year and used to burn other people's property. Occasionally, a big and totally unnecessary insurance policy is used to burn down a school building full of innocent children. Finally, insurance policies are frequently used in domestic violence, murder/suicides, and just plain suicide.