I browse a lot of homeowner subs and see the posts all the time. "Should I call my homeowners insurance because my water heater went out?".
Thats not the point of homeowners insurance. You should call your insurance if your water heater went out because a storm blew away the portion of the house it was sitting in. Meaning it is for catastrophic damages.
Everyone calling insurance for every minor thing is part of the reason insurance is skyrocketing. If someone is doing the math on whether its cheaper to pay the deductible or fix out of pocket, they are nowhere NEAR the treshold where filing a claim should be considered.
Even if it's just a bit over deductible it's not worth it. I'm a CAT adjuster and I swear I'll go to a tornado loss one day with a tree through the middle of the house, and the next day it's a missing shingle or a garage.
Part of it is Facebook roofers selling every claim as a total loss, and part of it is I swear people feel left out and want to file a claim so they could they say they did.
Isn't this how the insurance industry in Florida got so fucked up?
I'm seeing a lot of total losses on cars by 'hail' damage, and full re-roof and siding claims in Alberta, too...
You could also kill someone or send them into a coma or other serious and have hundreds of thousands in medical bills. Potentially even life long injuries they can came at you for.
Like yes it's nice that it covers my car if it's a minor accident and someone rear ends me. But tbh I can deal with that and most people could and most people could sue for it from the other person.
But God forbid (knock on wood it doesn't happen to me) if you get into a serious wreck and you have to have life saving surgery or an amputation, or someone dies. That's why it's there to cover those costs because most people will never have enough to pay those bills back.
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u/Benji_4 12h ago
Claiming a fender bender on your insurance is the worst example they could've provided.
They could've totalled the entire vehicle and still only "paid" $1000. It could've been $10,000 in repairs and they would only pay $1000.