 Re: MAJOR Downside To Stockpiling
People:
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When it comes to your homeowner’s insurance policy …
You really do not want to make a claim unless it is m-a-j-o-r.
Insurance companies are ‘clamping down.’
The story goes that even making an inquiry about your policy is a red mark on your account.
Too many red marks can lead to your policy being cancelled.
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Make a claim and you risk having your policy cancelled.
It gets worse …
Now that you are without insurance, trying to replace it, you may find yourself in a higher risk category, making your replacement policy more expensive.
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What Atlanta-based consumer reporter Monsieur Clark Howard recommends is that you ‘save for a rainy day.’
Have high deductibles, that lower your premiums and the money that you save on your premium payments, you sock away for that rainy day.
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Paying out of pocket to replace something like spoiled frozen food is better than making a claim on your homeowner’s policy.
IKYN (I Kid You Not)
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Believe It Or Not (Believe It Or Not)
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I do not stockpile perishables because they are too 'iffy' (too many things can go wrong).
It is the same reason that I do not own a freezer.
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Terence in Brook Park, oHIo |