When to choose checked and unchecked exceptions

Question

In Java (or any other language with checked exceptions), when creating your own exception class, how do you decide whether it should be checked or unchecked?

My inst

Answer 1

From A Java Learner:

When an exception occurs, you have to either catch and handle the exception, or tell compiler that you can't handle it by declaring that your method throws that exception, then the code that uses your method will have to handle that exception (even it also may choose to declare that it throws the exception if it can't handle it).

Compiler will check that we have done one of the two things (catch, or declare). So these are called Checked exceptions. But Errors, and Runtime Exceptions are not checked for by compiler (even though you can choose to catch, or declare, it is not required). So, these two are called Unchecked exceptions.

Errors are used to represent those conditions which occur outside the application, such as crash of the system. Runtime exceptions are usually occur by fault in the application logic. You can't do anything in these situations. When runtime exception occur, you have to re-write your program code. So, these are not checked by compiler. These runtime exceptions will uncover in development, and testing period. Then we have to refactor our code to remove these errors.