>but low relative frequency for a risk with catastrophic consequences, e.g. your house flooding
Let's be honest here, you don't have sandbags piled around your house and a boat tied up and ready to use for evacuation.
You've also done nothing to protect yourself from the thousands of other extraordinarily unlikely catastrophic events that might happen to you on a daily basis.
Let's be honest here, you don't have sandbags piled around your house and a boat tied up and ready to use for evacuation. You've also done nothing to protect yourself from the thousands of other extraordinarily unlikely catastrophic events that might happen to you on a daily basis.