Quote:
Originally Posted by onewhippedpuppy
For starters, the wise cover their ass with insurance, be it renters or homeowners. That's one point.
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Wrongo.
One of my best friends lives in Key West and has been there for about 10 years. He lost literally everything except the clothes on his back and what he had in his car due to hurricanes Katrina and Wilma hitting the Keys a few years ago. His renter's insurance basically told him to f off. No joke. He's been fighting with them for three years and hasn't seen Dollar #1. Good news is he's been able to rebuild and is back on his feet again and doing fine, but it's doubtful he'll ever see anything from insurance.
Unfortunately I think insurance is a sucker bet more often than not. They'll just try and weasel out of paying on legitimate claims - I've been through this myself now (when my 951 burned up they initially tried to hide behind a "U137 exclusion" - remember that?) and I have another friend who's been getting screwed for years on a medical claim - he hasn't seen anything from his insurance either.
I carry only what I'm required to by law. I prefer to take care of myself. If bad things happen to me, then they happen and it's up to me to rebuild - not be dependent on someone else with a proven history of slamming doors in peoples' faces.