Quote:
Originally Posted by theducks
What if your paper book got hit by Flood, Fire or Pests. Same thing.
No book 
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True. However, there's a difference between not keeping your books stored in a dry location and a hardware vendor releasing a buggy firmware upgrade that "eats" your ebooks. Or a validation server being turned off with no recourse to renew a license.
If my house floods or burns down, my insurance (indirectly) covers the cost of replacing my book collection. There is no insurance for ebooks.