Unless you are a billionaire with nothing to worry about in terms of financial liability you’re better off without it. But even these guys get them, why, just think of a crash where in a vehicle injures a bystander and it happens to be a child maimed for life, you would have to take care of the expenses in the treatment and maintenance of that person in hopes of giving back what you took away from him/her that was caused by the said accident. The person might be 8 at the time but you might have to settle his bills till he dies if the court so decrees. Sad story but it does happen and we all know why it’s called an accident, it is UNPREDICTABLE!!! Whoever you may be.