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Originally Posted by indes
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Average payout of 1700$ per claim. Okay, who here is paying 1700$ or less for their car insurance? How many people are making claims?
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I'm really not here to argue or defend the insurance companies, but it's hard to discuss if you're not got to read (or comprehend the content of) the article.
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Total payouts per policy increased 74 per cent from 2020 (which also happened to see a major hailstorm strike northeast Calgary) to $1,707 last year.
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Unless I'm mistaken and this is some-sort of insurance industry jargon meant to intentionally obfuscate the statistic, "payout per policy" sounds like total payouts divided by total policies... meaning $1700 from
every policy, including claimless ones like mine (and yours?), are paid out to cover claims made by others...