<prompt> Human: If you have enough money to cover 50K100K50K in your savings, is it smart to be your own insurance? Im wondering if this would save you significant amount of money.  <response>: Medical expenses and property expenses from auto accidents can be ongoing and quickly surpass that threshold. I would never take a gamble like that; Id want 100k on hand in case I was sued by another party after that limit was exhausted, andor needed a safety net to stay afloat. 