Quote:
Originally Posted by cabmando
If you're not going to use the insurance, why pay for the insurance? It makes no sense to me that if you have comp coverage that you don't use the coverage.
This isn't directed at the OP. It's more my thoughts on having a certain coverage. If I've got it, I'm gonna use it! Otherwise why am I paying for it?
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Assuming the comp claim doesn’t affect future premiums or insurability, yes.
Not car related, but I had roof damage caused by wind. My insurance carrier came out and looked at it, he suggested replacing the whole roof. Which was like $13k. I could have repaired damaged part for $1000-$1500 with my own roofer.
I agreed to let the insurance co replace the roof.
That was a mistake. They raised my premiums so high the next year, basically enough so that they’d recover what they paid out on my roof in 3-4 years from the premium increase alone. I ended up having to find another insurance company to get my premium back in line. (This was on a commercial building). The whole thing sucked.
Yeah, I know that’s different than an auto comp claim. But I’m still salty about it and insurance companies in general.
So to me if this is a $1500 damage with a $1000 deductible I’m likely just going alone, Id probably try to negotiate the price down a bit with the body shop since it’s being paid out of pocket.