Tuesday, October 17, 2006

I Deduce

So what is up with insurance companies and deductibles? It has always been a "given" that a deductible applies to any insurance claim, but who said they were ok in the first place, the INSURANCE COMPANY?

For instance, I went to file a claim on a stolen T-Mobile phone today, and the phone retails for $299. I paid for insurance on the phone. The customer service rep informed me that there is a $110 deductible in force on the policy. Which means that, in addition to my dinner tonight, I got to eat ONE HUNDRED AND TEN BUCKS!
OK...fine. But why? What purpose does a deductible serve, other than what I think is the obvious, aka another consumer screw-job? I mean I know what a deductible is...I don't know why it is.
Someone has to know. I don't. It's making my brain throb, so I'll stop now.


  1. The purpose of a deductible is to make you have second thoughts about filing a claim.

  2. and had you been completely informed of the oh, HUGE deductible, would you have bought the insurance in the first place?

  3. Anonymous10:41 PM

    Thanks for reminding me to cancel the insurance on my phone! Makes absolutely no sense to have it!


  4. Anonymous3:19 PM

    touching- and I hope it's not because you're sitting with this hurt at the moment. . . (and thanks for stopping by and being kind!)


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