There are two factors. First is the premium. Second, and most importantly, is the amount of the overall premium increase if a claim is filed. That amount is unknown, but it should be considered. Property and casualty companies are great at recouping money on smaller claims. That’s why I, and many on this board, like to only insure against catastrophic losses. Those are really the only types of claims where the policyholder will come out “ahead.”
Statistics: Posted by gac1979 — Tue Sep 30, 2025 4:34 pm — Replies 12 — Views 636