Why do people hate buying insurance?

There are several reasons why people may dislike buying insurance:

Cost: Insurance can be expensive, and people may not like the idea of paying for something that they may not ever use.

Complexity: Understanding insurance policies and coverage can be confusing and overwhelming, and people may not feel confident in their ability to navigate the process.

Trust: Some people may not trust insurance companies, either due to negative experiences or a general distrust of the industry.
Perceived invincibility: Some people may feel that they don’t need insurance because they believe that nothing bad will ever happen to them.

Denial: It can be difficult for some people to think about the possibility of negative events, such as accidents or illnesses, and they may prefer to avoid thinking about these scenarios altogether.

Prior bad experiences: Some people may have had negative experiences with insurance companies, such as claim denials or poor customer service, which can lead to a negative perception of the industry as a whole.

Overall, buying insurance can be a daunting and sometimes unpleasant task, but it is important for protecting oneself and one’s assets in the event of unforeseen circumstances.