It sound like you are making a case for why nobody should buy insurance in general. I personally don't buy insurance for things unless it's required. But, I'm okay with taking that gamble -- and, fully understand that not buying insurance could end up costing me a lot more in the long run.
And, you would expect something else? Insurance companies in general couldn't exist if they weren't profitable. Most people who buy insurance probably never need to use it. Those who need to use it are always thankful they have it.
I don't think this is accurate.
The policy costs $299. Look around on the forum and you'll find crashes caused by user error that easily exceeded that cost.
I think you over-analyze things sometimes.
$299 for a policy that terminates the day your aircraft is unrecoverable is a fool's folly! The forums are full of pilot error caused unrecovered aircraft incidents, where the drone crashed or landed out of sight or into water, never to be recovered. If someone gets there before you do, even if it landed in plain view, game over. This means that you paid $299 for something you now
cannot use for the purpose for which you bought it! Your $1400 P4 is now crashed and/or missing, and you are now out $1700 because you wasted an additional $299 on a useless insurance policy which you now cannot even transfer to a new aircraft. Had you, instead, self-insured, in ALL cases, you always have $299 toward a new aircraft, even if it was stolen, and $299 towards any necessary repairs, which would cover most repairs where the crashed aircraft
is recovered. The ONLY cases where the DJI Care policy holder EVER is ahead is where there is a major crash
exceeding $299 in repair costs, which is solely due to pilot error
and the policy holder is able to recover the aircraft! In every
other case, they are
guaranteed to
lose money by buying the policy.
DJI absolutely saves money on what would
otherwise be free warranty claims by selling DJI Care instead! If you bought the DJI Care insurance, how and why would you file a free warranty claim? DJI is already going to repair it for free because you bought the insurance and prepaid them a nonrefundable $299 for repairs. The only exception would be an unrecoverable aircraft that was caused by a firmware or manufacturing defect with no pilot error, in which case you wasted the $299 for the insurance premium, because it would have been free otherwise, but you paid $299 for it!