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Nikon DSLR Cameras
D7000
I Just Dropped My Camera!
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<blockquote data-quote="Browncoat" data-source="post: 200619" data-attributes="member: 1061"><p>Need to be very careful of having $0 deductible. </p><p></p><p>Keep in mind that insurance is there in the event of <strong>catastrophic loss</strong>: fire, theft, flood, etc. It's not a fallback plan for carelessness. I work in insurance, and studies have proven time and time again that the lower the deductible, the more likely people are to turn in a claim.</p><p></p><p><em>"But that's what insurance is for!"</em> you say. No, it isn't. </p><p></p><p>Keep in mind that a claim stays with you for 3 years. Not just with your current company either, it's industry-wide. If you keep turning in small claims, your rates are going to inevitably increase, and then you'll start shopping around. But those other companies will see your claims and charge you accordingly. Not to mention, too many claims can result in policy cancellation. You could wind up being un-insurable by any company, and then you're up shit creek without a paddle.</p><p></p><p>In other words, those low deductibles are <strong>not</strong> worth it. At the very least, take out a separate Inland Marine policy. Those offer more protection while travelling and if you get claim-happy, at least they can't cancel your homeowner's insurance.</p></blockquote><p></p>
[QUOTE="Browncoat, post: 200619, member: 1061"] Need to be very careful of having $0 deductible. Keep in mind that insurance is there in the event of [B]catastrophic loss[/B]: fire, theft, flood, etc. It's not a fallback plan for carelessness. I work in insurance, and studies have proven time and time again that the lower the deductible, the more likely people are to turn in a claim. [I]"But that's what insurance is for!"[/I] you say. No, it isn't. Keep in mind that a claim stays with you for 3 years. Not just with your current company either, it's industry-wide. If you keep turning in small claims, your rates are going to inevitably increase, and then you'll start shopping around. But those other companies will see your claims and charge you accordingly. Not to mention, too many claims can result in policy cancellation. You could wind up being un-insurable by any company, and then you're up shit creek without a paddle. In other words, those low deductibles are [B]not[/B] worth it. At the very least, take out a separate Inland Marine policy. Those offer more protection while travelling and if you get claim-happy, at least they can't cancel your homeowner's insurance. [/QUOTE]
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Nikon DSLR Cameras
D7000
I Just Dropped My Camera!
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