accident does happen...

I used to argue with my agent to reduce coverage and save a few bucks, and for SFH/Duplex, I carry a 80-20 policy, where insurance covers 80% of replacement cost, while I self-insure 20%.

I can tell you guys, accident does happen, I hadn't file a claim for almost 15 years, because I don't claim anything unless is 5k or more, but last 3 years, I had 3 fire claim within 18 month period.

the first one was major, near 500k in claim, 2nd one only $4500, 3rd one is 94k. the 3rd claim, insurance only paid 80% of the replacement cost. which is 94k, yes it only cost me 47k on rebuild, but the few dollars I saved, not enough to justify the 25k I lost in claim.

this year I went back to 100% replacement cost, up deductible from 2500 to 5k.

所有跟帖： 

• also, I up my 500k+1mil umbrella to 2mil/4mil. -jy101- ♂ (354 bytes) () 09/23/2012 postreply 11:32:18

• 谢谢！这就是我为什么犹豫的地方。省不了 -如山- ♂ (35 bytes) () 09/23/2012 postreply 11:41:23

• my cost per unit went from $33 to $37 per month. -jy101- ♂ (282 bytes) () 09/23/2012 postreply 11:54:07

• per unit只是apartment吧？SFH是怎么算的没看懂。 -如山- ♂ (163 bytes) () 09/23/2012 postreply 12:39:17

• this is a commmerical blanket policy -jy101- ♂ (178 bytes) () 09/23/2012 postreply 14:19:41

• thanks. Can I do the commerical blanket policy? -如山- ♂ (72 bytes) () 09/23/2012 postreply 16:46:07

• lots company do that,... -jy101- ♂ (128 bytes) () 09/23/2012 postreply 17:01:21

• thanks. -如山- ♂ (0 bytes) () 09/23/2012 postreply 18:01:34