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!
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.
The purpose of a deductible is to make you have second thoughts about filing a claim.
ReplyDeleteand had you been completely informed of the oh, HUGE deductible, would you have bought the insurance in the first place?
ReplyDeleteThanks for reminding me to cancel the insurance on my phone! Makes absolutely no sense to have it!
ReplyDeleteSam
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!)
ReplyDelete