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Southern Illinois | I have a co-worker who got a notice from his company that any structure over 20 years old is no longer eligible for replacement cost coverage, only cash value. I said well the point of insurance is to be made whole in the event of a loss. Also, I hope your premium went down in reflection of loss of replacement cost coverage, it went up 20%.
He hasn't had a claim in the 10 years he has been in business. Needless to say he is insurance shopping, as I would be too. I get tired of my annual audits and them disagreeing with my exposure.
I get protecting yourself but how many of us are insurance poor, meaning the cost of insuring every last thing has become not worth it. I know I have high deductible to try and help, but that doesn't make as much difference as it used to. | |
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Best Farm insurance policy
