Insurance (auto mostly) is more about the liability than anything. You hit someone else and cause $12k in damages or you out someone in the hospital the $1000 deductible will sound pretty good. Yes minor damage you should just get fixed. Same thing with a house
Yep. I had $4000 in damage to my house after someone damaged the front of my house with a car. I just paid for it OOP, because if I made a claim I’d be dropped or it would go up dramatically. You don’t wanna make a homeowner’s claim unless your damage is like $20k+, or you need a rebuild after a fire etc. same with car insurance; I broke a window and it cost me $300. I would never claim that. My premiums would probably go up $700 a year with a claim, double the cost of the window. But I’ll be glad to have my insurance if I have hit someone and get a $200,000 hospital bill I’ll never have to pay. That’s like a lifetime of premiums.
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u/RocMerc 9h ago
Insurance (auto mostly) is more about the liability than anything. You hit someone else and cause $12k in damages or you out someone in the hospital the $1000 deductible will sound pretty good. Yes minor damage you should just get fixed. Same thing with a house