Even if it was an intentional decision, I would have a hard time looking down on someone who made a decision to not carry insurance if they are willing to accept the risk and consequences. The insurance industry is corrupt, greedy, and sorely in need of regulation. What they regularly get away with is criminal. They specialize in how NOT to pay claims and spend incredible amounts of your premium dollars accomplishing that thousands of times every day. Sickening.
Sad to hear the good people at Timbernation had a fire (and no insurance).