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> due to lower deductible I'm confused. Why does cataloging your household items have anything to do with the deductible on your insurance policy? I'm defini
by technothrasher 4y ago
> due to lower deductible
I'm confused. Why does cataloging your household items have anything to do with the deductible on your insurance policy?
I'm definitely not concerned with cataloging my t-shirts and underwear, but I do have some high ticket items that I've parked money in that I would like back in the event of a disaster, so I do have a good catalog of anything I think is important.
- lotsofpulp 4y agoIf you have a high deductible, then insurance is not going to reimburse you for losses anyway, so what is the point of cataloguing it for insurance? I can live without a TV/speakers/other Knick knacks in case I fall on hard times. I just need enough cash/insurance to be able to buy a phone/laptop/car/clothes/shelter/food. So you set the deductible to $25k and just roll with the risk of losing a few unnecessary possessions that you might have to repurchase.
- cactacea 4y agoAt least in the US typical deductibles are typically in the $500-$2000k range for structure and contents. Where on earth are you getting $25k from?
- lotsofpulp 4y agoMy current insurance is Amica, but I have gotten quotes for it before. You have to ask them, it is usually not on a standard selection form. Edit: I logged into Amica, and I can select it via drop down.