Quote:
Originally Posted by GH85Carrera
My insurance company has a slick way to deal with claims. If I have a claim, they are great, and pay like every customer would dream of. If I go for three years with no claim at all, they send me a rebate check. Every year without a claim, I get more money back. A check in the mail money not some unseen price discount, real money. Last year I got a check for just over $1,100. This year it will be more.
I have my house, and three cars insured by them. My 911 cost me about 60 cents per day in insurance with agreed value of 47K. The rates are great, and my neighbor switched to the same company and saved a lot of money on premiums.
My deductible is $500. But if I make a claim, I lose the rebate check for three years. So any claim I make will get paid, but it will cost me the check and the deductible. So if I had something that was going to cost a grand, why even make a claim?
It is a genus plan, and I like it. And yes, I have made claims, and they paid with no fight whatsoever.
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That sounds good for auto-insurance, but you may get people that hold off on getting needed care towards the end of the year in order to get that rebate check. That could really cost them in the end. Some skin in the game good though.
How about less middle-men. Pharmacy benefit managers and all the various distributors between the manufactures and distributors only raise costs.