Originally Posted by
Hot Potato
But that is what the insurance is for, is it not? Otherwise, why pay for such coverage.
(Arguably) you should use your homeowners insurance only for rare, catastrophic coverage. They track every claim, and adjust premiums/cancel policies accordingly.
Originally Posted by
Hot Potato
Think the premiums will go up $3000 ?
No. But they
may go up $50 or $100 (I'm no expert on insurance), and you'll pay the extra for many years to come.