If you own a home, a false impression in reality, the bank owns it till the last payment is made. You have to have home owners insurance and fire insurance, and in some places flood insurance, none of these are cheap. They do fall into the prudent man slot.
You are prepared for the worst. It is the accepted norm. In fact it is really strange and weird. The law says we have to do these things , or the bank contract says we have to this and thus or they will buy it and charge you. We are following the dictates of our society. Therefore we are cool and prudent. No news items here.
What pure nonsense we are seeing in the press and from other places.
What is your insurance?. Are you a , God forbid, a hoarder… Oh my…