Things I Don't Understand

Lon · Post by **Lon** » Mon Dec 17, 2012 10:36 am

There are many, but here is one.

People that will not file a legitimate claim on their insurance because they are afraid the premiums will increase. Duh!!!

Ahso! · Post by **Ahso!** » Mon Dec 17, 2012 10:40 am

What about that creates a conundrum for you, Lon?

Lon · Post by **Lon** » Mon Dec 17, 2012 10:56 am

Ahso!;1413093 wrote: What about that creates a conundrum for you, Lon?

The obvious----------WHY HAVE THE INSURANCE IN THE FIRST PLACE, BESIDES, FILING A CLAIM DOES NOT MEAN YOUR PREMIUMS WILL INCREASE.

Patsy Warnick · Post by **Patsy Warnick** » Mon Dec 17, 2012 10:57 am

Lon,

your premiums will increase - who needs it.

I can't tell you the damage I receive living on a golf course.

Do I fix them - yes

file a Ins. claim - NO

Patsy

Ahso! · Post by **Ahso!** » Mon Dec 17, 2012 11:02 am

Lon;1413094 wrote: The obvious----------WHY HAVE THE INSURANCE IN THE FIRST PLACE, BESIDES, FILING A CLAIM DOES NOT MEAN YOUR PREMIUMS WILL INCREASE.What kind of insurance are we discussing?

Auto insurance is mandatory and in that case if the claim is within the range of the deductible why have it recorded? Also, filing a claim may not necessarily mean a permanent increase in the premium but you do end up paying the insurance company back with at least temporary increases.

Homeowners Insurance is similar to auto insurance.

Bruv · Post by **Bruv** » Mon Dec 17, 2012 11:17 am

Lon;1413091 wrote: There are many, but here is one.

People that will not file a legitimate claim on their insurance because they are afraid the premiums will increase. Duh!!!

Always the controversial one Lon.

valerie · Post by **valerie** » Mon Dec 17, 2012 11:41 am

We have a fairly high deductible ($2000) so when a fence blew

over, we paid the $1700 it cost out of pocket. We figured it out though,

and between our no claim discount and the time (5 years) it would

take to get that back if we did file, it was worth it. Our neighbor had

fences on both sides blow over, and with 3 kids in college (although

one has a full ride scholarship) they opted to go ahead and file a claim

rather than paying 1/2 cost of both fences.

Lon · Post by **Lon** » Mon Dec 17, 2012 3:06 pm

Irrespective of any Deductibles on either a Homeowner's or Auto Policy, there are people that will not file any kind of claim because of fear of a premium increase and that is nonsense. You have one rotten insurance carrier if a claim increases your premium and I would switch carriers in a flash. Excessive or abusive claims is one thing, but a routine once in a while claim should not increase your premium.

chonsigirl · Post by **chonsigirl** » Mon Dec 17, 2012 3:11 pm

I filed for all the water damage from the broken pipe, it was my first claim ever. I shall see what I get for repair work.

Saint_ · Post by **Saint_** » Mon Dec 17, 2012 3:34 pm

I don't understand why we can't have diving boards at hotels, swings with long chains at parks, merry go rounds, or monkey bars at schools anymore. Can't we just put up a sign, 'Live at your own risk" ?

Insurance companies are sucking the life out of life.

Patsy Warnick · Post by **Patsy Warnick** » Mon Dec 17, 2012 3:45 pm

I had Metropolitan

I also have the "unbrella" package where home auto life and extras within the package.

A storm blew in - knocked down a blockwall fence - alot of damage.

so there's one claim.

@ 6 months later I used my towing thru Met - it was my package.

Metropolitan - put my premium at "high Risk" the amount $ $ was thru the roof.

I couldn't transfer due to the High risk classification.

I no longer have Metropolitan - they may have Snoopy as a slogan -

I have a different slogan for them..

Get Met - get F - - -ed

Patsy

Post by **Bryn Mawr** » Mon Dec 17, 2012 4:27 pm

Lon;1413112 wrote: Irrespective of any Deductibles on either a Homeowner's or Auto Policy, there are people that will not file any kind of claim because of fear of a premium increase and that is nonsense. You have one rotten insurance carrier if a claim increases your premium and I would switch carriers in a flash. Excessive or abusive claims is one thing, but a routine once in a while claim should not increase your premium.

Do you not have the concept of a no claims bonus in the US?

Lon · Post by **Lon** » Mon Dec 17, 2012 4:49 pm

Saint_;1413125 wrote: I don't understand why we can't have diving boards at hotels, swings with long chains at parks, merry go rounds, or monkey bars at schools anymore. Can't we just put up a sign, 'Live at your own risk" ?

Insurance companies are sucking the life out of life.

It's not the Insurance Companies, it's lawyers and excessive litigation.

Ahso! · Post by **Ahso!** » Mon Dec 17, 2012 4:53 pm

Bryn Mawr;1413133 wrote: Do you not have the concept of a no claims bonus in the US?We have what's called Accident Forgiveness if you've been a long term customer of a particular insurance company and have a certain amount of time without any accidents. Probably close to what you mention. However, that just means you won't get a rate increase in the event of an accident, BUT, you may still be "surcharged" for any money the company lays out due to the accident, whether or not you were at fault.

We're at the point over here where the monthly premium one pays does nothing but grant you the right to carry an insurance card. It's legal robbery.

Ahso! · Post by **Ahso!** » Mon Dec 17, 2012 4:53 pm

Lon;1413139 wrote: It's not the Insurance Companies, it's lawyers and excessive litigation.Ping Pong

Post by **Bryn Mawr** » Mon Dec 17, 2012 4:59 pm

Ahso!;1413141 wrote: We have what's called Accident Forgiveness if you've been a long term customer of a particular insurance company and have a certain amount of time without any accident. Probably close to what you mention. However, that just means you won't get a rate increase in the event of an accident, BUT, you may still be "surcharged" for any money the company lays out due to the accident, whether or not you were at fault.

We're at the point over here where the monthly premium one pays does nothing but grant you the right to carry an insurance card. It's legal robbery.

I currently get a 70% discount on my car insurance because I've not claimed for some years, should I claim my payments would more than triple the next year - regardless of who I insure with. That, along with the "you pay the first 'n' hundred pounds of any claim" is a big disincentive against claiming unless you really need to.