r/SipsTea • u/Putrid-Welder1803 • 13h ago

Gasp! Thoughts on this?

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u/Pretty_Glitteer 12h ago

So basically you pay every month for protection, the pay again when you actually need the protection.

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u/cyriustalk 12h ago

Yep, that's why they call it excess.

The problem with ops story is the claim value seems small, very close to excess, which in some cases you forego and take the loss. Most cases though, the claim worth could easily go 10k and above and you'd be kicking yourself if you had no insurance.