08-29-2013, 05:49 PM
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#2
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Franchise Player
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Renewed my house insurance last month, it went up about 30%. No claims and nowhere near flood zones.
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08-29-2013, 06:13 PM
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#3
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Powerplay Quarterback
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My insurance renewed this month and is actually the first year it has not went up.
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08-29-2013, 07:04 PM
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#4
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First Line Centre
Join Date: Apr 2009
Location: Calgary.
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My understanding is that this is for the troubles we've had in recent years and does not actually reflect costs from the floods.....that'll come next year.
__________________
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08-29-2013, 07:31 PM
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#5
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Franchise Player
Join Date: Aug 2004
Location: Calgary
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Kinda makes we wish we'd played the insurance scam game the rest of the neighborhood played where most of them had their 20-22 year old roofs replaced under insurance, even though they were close to needing to be replaced anyways due to age. We spent 10K on a new roof...
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08-29-2013, 08:06 PM
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#6
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First Line Centre
Join Date: Feb 2013
Location: Field near Field, AB
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Insurance in many aspects is fully realized to ensure that the community pay the maximum endurable and to pay for all claims. The insurance companies keep moving all the chips so you don't realize they are just a form of saving for you, where they manage the money and take all the interest only to backslap you when it's time for you to withdraw the saving to pay for catastrophe.
The benefit of actually not making claims or even looking after stuff, such as aging roofs, etc, is that you can call them to task based on your claim history.
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08-30-2013, 12:36 AM
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#7
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Lifetime Suspension
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Quote:
Originally Posted by Ironhorse
Kinda makes we wish we'd played the insurance scam game the rest of the neighborhood played where most of them had their 20-22 year old roofs replaced under insurance, even though they were close to needing to be replaced anyways due to age. We spent 10K on a new roof...
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How is that a scam? It's not like home owners approve themselves in order to get a new roof.
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The Following 3 Users Say Thank You to puckluck2 For This Useful Post:
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08-30-2013, 06:08 AM
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#8
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Franchise Player
Join Date: Nov 2006
Location: Supporting Urban Sprawl
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Plus, if you paid for home insurance for 20-22 years with no major claims, the insurance company has been well compensated for the roof replacement.
If you are not going to use the insurance, why are you paying for it?
__________________
"Wake up, Luigi! The only time plumbers sleep on the job is when we're working by the hour."
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08-30-2013, 07:19 AM
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#9
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First Line Centre
Join Date: Oct 2005
Location: 103 104END 106 109 111 117 122 202 203 207 208 216 217 219 221 222 224 225 313 317 HC G
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Quote:
Originally Posted by Rathji
Plus, if you paid for home insurance for 20-22 years with no major claims, the insurance company has been well compensated for the roof replacement.
If you are not going to use the insurance, why are you paying for it?
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Are you sure you know what insurance is? The amount you have paid for 20-22 years have gone into the collective bucket and has paid for everyone's claims. If getting your money back through having claims is your expectation of insurance, you probably shouldn't be paying for it.
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08-30-2013, 07:39 AM
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#10
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Franchise Player
Join Date: Nov 2006
Location: Supporting Urban Sprawl
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Quote:
Originally Posted by RW99
Are you sure you know what insurance is? The amount you have paid for 20-22 years have gone into the collective bucket and has paid for everyone's claims. If getting your money back through having claims is your expectation of insurance, you probably shouldn't be paying for it.
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What does where your payments go have to do with filing a claim, and having the insurance company approve it, and paying for your roof?
Are you saying that you should be paying for insurance but not filing claims for major issues?
__________________
"Wake up, Luigi! The only time plumbers sleep on the job is when we're working by the hour."
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