Is it really necessary - Are there Insurance Alternatives?

[Julie Marquez]

I know insurance is just a necessary, but I just have to wonder if there is something else, something better, a better way to do it. On some of my properties I don't have to have insurance, so what if I just saved my insurance premiums and was "self insured?" That way I was in control of my own claims and payouts and didn't have to worry about increased premiums and decreased coverage. Really, do the insurance companies really have my best interest in mind? They've got to make their profits too. Or is this just the reality of being in business and I should count my blessing of being so fortunate to have the opportunity to pay for insurance?