Quote:
Originally Posted by Lynnesail
But why did the insurance companies approve these claim’s and then penalize US?
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Usually because the company understands it is easier and cheaper to pay the claim than to be sued by the homeowner or the contractor and then pay both court costs and the claim.
We are not being "penalized" we are being asked to pay an amount that covers the cost of the claims in previous years and the risk that there will be more of the same claims in future years. If we make a legitimate claim in the future we want the company to have enough cash to pay our claim; the rising rates are what the company has determined it needs to be sure it can do that.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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