Hercule
Practically Family
- Messages
- 953
- Location
- Western Reserve (Cleveland)
At this time of year, all my household annual bills come rolling in. House insurance, bricks & mortar, house contents, car insurance, utility bills, on and on.
My main gripe about insurance is how we are treated as a cash cow. Every year there's a thumping great increase on the previous year and every year I have this verbal exchange that results in my premiums being reduced to that of before. Are these premiums computer generated? And do they have some sort of software that deliberately hikes the rate, year on year? Makes me wonder how many households just pay up and put up.
Been there done that - My understanding is that there's an assumption that your stuff has become more valuable/costly to replace so the cost of coverage must go up accordingly. Went through this years ago with regard to car insurance - my car gets older every year hence it is increasingly worth less so there's less to insure so my rates should actually go down. They didn't buy it and countered with the argument that the cost of liability only goes up. Something else that ticks me off is that the insurance companies offer sweet incentives to lure new customers. But what about those of us already being insured? Can't we get a little appreciation, afterall WE'RE the ones floating YOUR boat payments!
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