Originally Posted by
IntrepidAfrican
yes, but probability theory won’t factor in the cost of said insurance. Allianz have just given me a quote for one months’ travel, for three destinations at AED56. The one place travel insurance doesn’t make sense is the US.
It does through the expected value. The expected value of your medical bills is lower than the rate you pay (56AED) and therefore you're better off not taking it.