Actually, no, for me, I wouldn't be surprised. I wouldn't have an insurance policy without knowing what the deductible is. Sorry this is how you found out. "They" may have changed it, but you would have agreed to it.
Quote:
Originally Posted by Mckitrick
CanadaRAM - Thank you for answering wrt extended warranty on credit card purchases. In my case it was an Amex.
screature - Wifi does indeed suck for data transfers and I'm also leveraging a NAS for all file storage (QNAP - Love it!).
I'm insured with Co-Operators. My last policy had a $500 deductible. I don't think $1k is crazy but then again I'm not sure. Low deductibles = higher premiums so maybe that's why they put a higher deductible.
I have a significant add-on for some other valuables so maybe they made the deductible higher to make the premium more palatable.
Do you know what your deductible is? You might be surprised.
Actually, no, for me, I wouldn't be surprised. I wouldn't have an insurance policy without knowing what the deductible is. Sorry this is how you found out. "They" may have changed it, but you would have agreed to it.
Sorry, that question was meant for Screature. Your interaction is a little too caustic for my taste, thanks.. Yes I'm kidding, don't freak out.
No worries, I was answering kind of generally. I really do think people should see what the conditions in their insurance agreements are, for this expensive contract. It might help them a great deal. (Also, shop around for insurance, to save money perhaps, and/or get the deductible reduced.)
Quote:
Originally Posted by Mckitrick
Sorry, that question was meant for Screature. Your interaction is a little too caustic for my taste, thanks.. Yes I'm kidding, don't freak out.
Location: Aylmer (Gatineau) across the river from Ottawa
Posts: 16,081
Quote:
Originally Posted by mckitrick
canadaram - thank you for answering wrt extended warranty on credit card purchases. In my case it was an amex.
Screature - wifi does indeed suck for data transfers and i'm also leveraging a nas for all file storage (qnap - love it!).
I'm insured with co-operators. My last policy had a $500 deductible. I don't think $1k is crazy but then again i'm not sure. Low deductibles = higher premiums so maybe that's why they put a higher deductible.
I have a significant add-on for some other valuables so maybe they made the deductible higher to make the premium more palatable.
Do you know what your deductible is? You might be surprised.
Nope no surprises here...
$500 deductible - Premium $942 - covers, theft, loss fire, vandalism and accidents of the home and its contents. Aviva is the company.
Last edited by screature; Jul 20th, 2012 at 10:02 AM.
Mom's place was insured with Farmer's. Rates were nearly double the competitors, however when it came time for a new roof the replacement was done for the cost of the $500 deductible. With the other insurers she would have paid about $4000 out of pocket.
Comparing Apples to Apples on insurance policies can be very tricky.
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Location: Aylmer (Gatineau) across the river from Ottawa
Posts: 16,081
Quote:
Originally Posted by eMacMan
Mom's place was insured with Farmer's. Rates were nearly double the competitors, however when it came time for a new roof the replacement was done for the cost of the $500 deductible. With the other insurers she would have paid about $4000 out of pocket.
Comparing Apples to Apples on insurance policies can be very tricky.
For sale:
Yes I'm kidding, don't freak out.
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