Self-Insurance? What?

Director Nathalie has a first job; she’s a classical harpist. And boy is she good. So one day I arrive to set and Nats wants to talk about what she should do with her insurance on her harp. It’s costing her almost $500 a year, and after listening to me prattle on about cutting costs, she things this may be a cost she’ll cut. Whoa there Momma. First I ask what it would cost to replace her harp. About $16,000 she say. Okay, say I, so do you have $16,000 in the bank to buy a new harp right now?