On Thursday, December 1, 2016 at 12:08:57 PM UTC-5, net cop wrote:
writes:

On Thursday, December 1, 2016 at 8:31:11 AM UTC-8, Vic Smith wrote:
On 1 Dec 2016 16:16:53 GMT, KenK wrote:

Twice this past month or two I've had insurance claims - theft and a stolen
car's damage to my property. Both times $500 deductible. Currently I'm
hoping the car has insurance - waiting for sheriff's report - they won't
answer my phone query about it. $4.50 for report! sigh

Anyhow, is this $500 deductable standard? I can see a deductable, maybe
$100 or $200 to protect from many minor claims, but not $500. What do you
pay? If less than me, I may be changing policies.

TIA

My deductible is $1000. That lowers my premium. You can just call
your insurance agent to get the info.

the higher deductible the better - in the long run
[i always get the highest possible]

not to mention,
[any] claims will tend to increase your premiums - i think

marc

Remember, you have insurance to avoid losses you can't afford.
Set the deductible with that in mind. Higher will save
you money in the long run.

Don't treat insurance as a bet you think you have good odds on.
The insurance companies have statisticians that have all
the claim data.

--
Dan Espen

+1

Higher deductible lowers the premium. You are in effect, self-insuring
small claims. And then you can just do the repair, instead of dealing
with adjusters, getting estimates for the insurance company, etc.