Insurance Claims

[Lamb]

When was the last time you put in a claim for auto or home owners insurance? Does your insurance company disallow you from putting in too many claims?

When we moved 11 years ago, we tried to get homeowners insurance and we were told that we had made too many claims in the past and we were blacklisted. It was our insurance agent who encouraged us to put in those claims in the first place! So we were surprised as we struggled to get coverage.

 

[tango]

My last auto claim was nearly 20 years ago now and I've never made a homeowners claim. It's easy to see why insurance companies would raise premiums and ultimately decline to offer coverage to a person who made a lot of claims, but odd that your agent should encourage you to make claims that then resulted in being blacklisted for it.

 

[Lamb]

My last auto claim was nearly 20 years ago now and I've never made a homeowners claim. It's easy to see why insurance companies would raise premiums and ultimately decline to offer coverage to a person who made a lot of claims, but odd that your agent should encourage you to make claims that then resulted in being blacklisted for it.

He told us, "This is what insurance is for". None of our claims were ridiculous either, so it's odd that corporate has rules like they do. We put a lot of money into our insurance policies.

 

[tango]

He told us, "This is what insurance is for". None of our claims were ridiculous either, so it's odd that corporate has rules like they do. We put a lot of money into our insurance policies.

Sure, you take out insurance in case the risk event happens. That's what it's there for, the only question is how big an event it takes before you make a claim and that will depend on all sorts of things.