Quote:
Originally Posted by OhioBuckeye
Any claim you turn in will raise everyone’s rates!
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That is what group insurance is about, spreading the cost over the whole group of people. Now as an individual, I am paying a premium each year IN ORDER THAT when I need something fixed or repaired, the insurance company will cover. All the years I have made no claims I was subsidizing everyone else’s claims. When and if I need it, they will be subsidizing my claim. That is how I understand insurance to work.