Why do we have Insurance????

To Whom it may Concern<br> <br> I really do not see the point in having insurance!!! <br> <br> To wait three years to get an out bonus of R1500 if not less....???<br> If you are in an accident to get told your car will be a right off for a little bumper Bash??? <br> <br> My Car that was bought brand NEW..is in excellent condition (2006 model) and you want to right it off for a little bumper BASH!!<br> I must right off a car that is in working condition, in excellent condition interior and exterior (before the bumper Bash), still driving because according to you the car is \\uneconomical to repair\!!!<br> <br> Have you though that is uneconomical for me to go find a 2nd hand car now that will most probably give me troubles down the line\""