For decades, retirees have been taught to “let insurance handle it” when things go wrong. But as premiums rise and deductibles climb, many households are rethinking whether filing small claims makes sense. Self-insuring—covering minor losses out of pocket—has become a strategy for saving money in the long run. Instead of handing every problem to insurers, retirees are weighing the benefits of taking control. Could this be the year when self-insuring small losses becomes the smarter move?
