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FatNYC
- Ancient Member
posted: Jul. 11, 2008 @ 9:36a 
OP, you did the right thing. |
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BrainySmurf
- Senior Member
posted: Jul. 11, 2008 @ 1:23p
If you went through your insurance, wouldn't they consider it two separate claims because it was two separate incidents? |
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cb35
- Member
posted: Aug. 7, 2008 @ 3:46p
BrainySmurf said:If you went through your insurance, wouldn't they consider it two separate claims because it was two separate incidents? yes it would be - homeowners policy pays losses "per occurrence" - 2 different wind storms - 2 different claims and most importantly the deductible would apply to each "occurrence" |
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rigor
- Senior Member - 8K
posted: Aug. 7, 2008 @ 6:43p
allstate will punish you for 3 years. i got burgled in apartment and when i moved into the house sure as heck the ding was applied to my homeowners policy. guess who ended up making all their money back. but come on we all know insurance is merely a pre-paid loan. they aren't in business to lose money. |
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cb35
- Member
posted: Aug. 7, 2008 @ 11:38p
rigor said:allstate will punish you for 3 years. i got burgled in apartment and when i moved into the house sure as heck the ding was applied to my homeowners policy. guess who ended up making all their money back.
but come on we all know insurance is merely a pre-paid loan. they aren't in business to lose money. insurance is the transfer of risk - plain and simple. its not a loan, annunity, or any other financial vehicle. if you are risk tolerant raise your deductible - some companies are offering $2500+ now - by self insuring you will lower your annual premium and if you invest that money *you* could be the one earning the profit with zero claims. Everyone bitches about insurance premiums - but they are the first ones in line when something unlucky happens......... |
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willygee
- Addicted Member
posted: Aug. 12, 2008 @ 5:03p
Not so sure I agree. I am in a similar situation whereby I have some small water damage that has affected walls of my master and bathroom. Did very similar actions and insurance sent and adjuster and contractor who evaluated the situation and contractor actually fixed the main problem (leaky shower pipes), however, walls are still damaged and adjuster was saying that he did not think fixing would come above my deductible... talked to a friend who had a independent contractor come out and look at a problem he had and he made the point that the insurance company is not working in your interest... its like when you get into a car accident, the insurance company may have you go get quotes to fix your car and then send out an adjuster of theirs b4 they ultimately determine how much they are going to give (which has actually happened to me)... anyway, I think now i will have someone independent at least come look and have someone who will "fight" for me... just my 2 cents... |
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fmdeals
- Senior Member
posted: Aug. 12, 2008 @ 5:23p
We recently got a new home and The burglars robbed fortunately we didn't loose anything, but we didnt claim. do you think we should have claim?
cb35 said:rigor said:allstate will punish you for 3 years. i got burgled in
apartment and when i moved into the house sure as heck the ding was applied to my homeowners policy. guess who ended up making all their money back.
but come on we all know insurance is merely a pre-paid loan. they aren't in business to lose money.
insurance is the transfer of risk - plain and simple. its not a loan, annunity, or any other financial vehicle. if you are risk tolerant raise your deductible - some companies are offering $2500+ now - by self insuring you will lower your annual premium and if you invest that money *you* could be the one earning the profit with zero claims. Everyone bitches about insurance premiums - but they are the first ones in line when something unlucky happens.........
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xoneinax
- Senior Member - 5K
posted: Aug. 12, 2008 @ 7:26p
fmdeals said:We recently got a new home and The burglars robbed fortunately we didn't loose anything, but we didnt claim. do you think we should have claim ?Yeah, claim pain and suffering for the dog who had to see the burglars. |
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AcuraTL
- Shopaholic Member
posted: Aug. 12, 2008 @ 9:16p
fmdeals said:We recently got a new home and The burglars robbed fortunately we didn't loose anything, but we didnt claim. do you think we should have claim?
cb35 said:rigor said:allstate will punish you for 3 years. i got burgled in
apartment and when i moved into the house sure as heck the ding was applied to my homeowners policy. guess who ended up making all their money back.
but come on we all know insurance is merely a pre-paid loan. they aren't in business to lose money.
insurance is the transfer of risk - plain and simple. its not a loan, annunity, or any other financial vehicle. if you are risk tolerant raise your deductible - some companies are offering $2500+ now - by self insuring you will lower your annual premium and if you invest that money *you* could be the one earning the profit with zero claims. Everyone bitches about insurance premiums - but they are the first ones in line when something unlucky happens......... If you didn't loose anything, what's there to claim? |
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