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Homeowner's insurance deductible
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 -- You know it's time to clean the refrigerator when something closes the door from the inside. |
Homeowner's insurance deductible
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. |
Homeowner's insurance deductible
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 |
Homeowner's insurance deductible
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Homeowner's insurance deductible
In other words, yer ****ed.
LOL |
Homeowner's insurance deductible
"KenK" wrote in message ... 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 $2500. Lowers the annual premium. Zero claims in 15 years. Not very smart to put in small claims, your rates will go up or they may drop you. |
Homeowner's insurance deductible
"KenK" wrote in message ... 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. You do realize, I hope, that you can have $0.00 deductible if you wish. Or $5000. It's up to you. |
Homeowner's insurance deductible
KenK
Thu, 01 Dec 2016 16:16:53 GMT in alt.home.repair, 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 Depending on the policy I'm looking at, my deductible is anywhere from $500 to $1000. The higher your deductible here, the lower the premiums are. Remember, insurance is only for the stuff you can't replace/repair cost wise on your own. For the small things, leave the insurance company alone and make the repairs yourself, out of pocket. Don't get your insurance rates raised and earn your self a reputation as a small claims abuser. They may drop you as a result and other companies will charge extra if/when they decide to offer you services. 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. Most of the people I know irl have deductibles between $500 to $1000 like myself. I'd say it's common practice. A few people have much higher deductibles, but, they pay next to nothing on their premiums. None of us contact our insurance companies for small things. As, we'd rather just pay out of pocket unless the damage well exceeds our deductible. -- Make yourself sheep and the wolves will eat you. Benjamin Franklin |
Homeowner's insurance deductible
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 You can get just about any deductible you want, for a price. Up here in Ontario Canada $1000 deductible is pretty standard, $500 costs a fair bit more. I won't submit a clain for under about $2000 damage - every clain you put in hurts your insurability and raises your rates. Insurance is for catastrophic damage. |
Homeowner's insurance deductible
On 1 Dec 2016 16:16:53 GMT, KenK wrote in
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. You're getting ripped. |
Homeowner's insurance deductible
On 12/1/2016 10:10 PM, Diesel wrote:
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. Most of the people I know irl have deductibles between $500 to $1000 like myself. I'd say it's common practice. A few people have much higher deductibles, but, they pay next to nothing on their premiums. None of us contact our insurance companies for small things. As, we'd rather just pay out of pocket unless the damage well exceeds our deductible. I have $1000 deductible. In 52 years of home ownership I have never made a claim. I see no reason to pay a higher premium to get a lower deductible. I'm well ahead. f you cannot cover the deducible you probably should not own a house. |
Homeowner's insurance deductible
On Fri, 2 Dec 2016 12:54:44 -0500, Ed Pawlowski wrote:
On 12/1/2016 10:10 PM, Diesel wrote: 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. Most of the people I know irl have deductibles between $500 to $1000 like myself. I'd say it's common practice. A few people have much higher deductibles, but, they pay next to nothing on their premiums. None of us contact our insurance companies for small things. As, we'd rather just pay out of pocket unless the damage well exceeds our deductible. I have $1000 deductible. In 52 years of home ownership I have never made a claim. I see no reason to pay a higher premium to get a lower deductible. I'm well ahead. f you cannot cover the deducible you probably should not own a house. That is probably true. Most unexpected losses are not covered by insurance anyway. Bad appliances, bad roofs etc. |
Homeowner's insurance deductible
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Homeowner's insurance deductible
On Fri, 02 Dec 2016 07:57:04 -0600, VinnyB
wrote: On 1 Dec 2016 16:16:53 GMT, KenK wrote in 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. You're getting ripped. Not neccesarily. Depends what he's paying. "If you want first quality oats, you need to be willing to pay first quality prices. If you settle for oats that have already been through the horse they come a bit cheaper" |
Homeowner's insurance deductible
On 12/1/16 11:16 AM, 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 For me, homeowner's insurance is catastrophe insurance. If you file nickel and dime claims, your premium will skyrocket and eventually they'll decline to renew your policy. You'll also be blacklisted in the national insurance database so most of the other companies won't write you either...or charge outlandish premiums. -- The reason stupid gangbangers hold their handguns sideways and parallel to the ground is that’s the way they come in the box… |
Homeowner's insurance deductible
KenK posted for all of us...
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 $4.50 is cheap. Let the insurance pay for it. Usually the local agents come with their checkbooks to pay for them. 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 See other posters responses. -- Tekkie |
Homeowner's insurance deductible
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. |
Homeowner's insurance deductible
Ed Pawlowski Fri,
02 Dec 2016 17:54:44 GMT in alt.home.repair, wrote: On 12/1/2016 10:10 PM, Diesel wrote: 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. Most of the people I know irl have deductibles between $500 to $1000 like myself. I'd say it's common practice. A few people have much higher deductibles, but, they pay next to nothing on their premiums. None of us contact our insurance companies for small things. As, we'd rather just pay out of pocket unless the damage well exceeds our deductible. I have $1000 deductible. In 52 years of home ownership I have never made a claim. I see no reason to pay a higher premium to get a lower deductible. I'm well ahead. I think? I wrote that, pretty much, above. f you cannot cover the deducible you probably should not own a house. Agreed. Personally though, if the repair is going to cost me.. say, $250 in parts and my own labor, I'm going for the $250 in parts and my own labor. Why give my insurance company $500 (or more) just to do what I can do myself, for half! of the cost? It seems, very stupid, to me, to file a claim for something that will cost less than any of the deductibles. It's not a matter of being unable to pay the $500 or even $1000 deductible, it's a matter of not being stupid about it in my case. I'm not so lazy and/or incompetent that I can't do the damn job myself in most cases. -- Make yourself sheep and the wolves will eat you. Benjamin Franklin |
Homeowner's insurance deductible
On Sunday, December 4, 2016 at 9:38:36 PM UTC-5, Diesel wrote:
Ed Pawlowski Fri, 02 Dec 2016 17:54:44 GMT in alt.home.repair, wrote: On 12/1/2016 10:10 PM, Diesel wrote: 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. Most of the people I know irl have deductibles between $500 to $1000 like myself. I'd say it's common practice. A few people have much higher deductibles, but, they pay next to nothing on their premiums. None of us contact our insurance companies for small things. As, we'd rather just pay out of pocket unless the damage well exceeds our deductible. I have $1000 deductible. In 52 years of home ownership I have never made a claim. I see no reason to pay a higher premium to get a lower deductible. I'm well ahead. I think? I wrote that, pretty much, above. f you cannot cover the deducible you probably should not own a house. Agreed. Personally though, if the repair is going to cost me.. say, $250 in parts and my own labor, I'm going for the $250 in parts and my own labor. Why give my insurance company $500 (or more) just to do what I can do myself, for half! of the cost? It seems, very stupid, to me, to file a claim for something that will cost less than any of the deductibles. It's not a matter of being unable to pay the $500 or even $1000 deductible, it's a matter of not being stupid about it in my case. I'm not so lazy and/or incompetent that I can't do the damn job myself in most cases. -- Make yourself sheep and the wolves will eat you. Benjamin Franklin And many companies, once you file a claim or two for those $500 things, raise your rates. |
Homeowner's insurance deductible
On 12/5/2016 8:36 AM, trader_4 wrote:
And many companies, once you file a claim or two for those $500 things, raise your rates. In my case it was just one claim. When my teenage son backed into a neighbor's car I had the insurance take care of it. Bad move. The rates went up enough that I paid what the repair cost several times over. That was a few years ago as the kid just turned 54. Perhaps things are different now. But I've not made a claim since. I keep a $2k deductible on the cars and $10K on the house. So far (knocks on wood) I'm ahead. |
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