Did I ever mention that I despise insurance companies? Insurance companies exist to promote fear of what might happen which they then use to sell you ‘peace of mind’. Should you ever need to make use of your insurance you are penalised by higher rates or denial of your claim.
Insurance companies employ a lot of staff who exist for the sole purpose of finding a reason to deny your claim. Said another way, they do not want to approve your claim unless they absolutely cannot avoid it. They will also drag the claim process out to the point where any benefit eventually provided arrives too late.
If you’re lucky and your claim is approved one of two things will occur when your renewal comes up:
- The cost of your insurance will increase because you had the audacity to make use of the service you have been pumping money into.
- If your insurance company sees you as a liability they will price your insurance at a level they know you cannot afford to get rid of you as their customer.
This is why I have no insurance. I am willing to live a life not knowing what the future holds and usually do not allow myself to get caught up in the hysteria that insurance companies survive off.
If you buy a house, I dare you to not insure it! :)
@dfv You’re probably right. If I were to buy a home my tune might change.
Agree insurance companies are evil but, you know, one time… just that one time… when something happens, you’ll be glad you bought insurance.
No, I’ll be kicking myself for being such a damned fool for not having insurance :)