Duane Bozarth wrote: While I don't disagree that it is almost certainly more cost-effective in the long run to use the higher deductible to lower annual premiums, the assertion that filing a claim against a policy at a coverage level the company has set premiums for and which are paid is somehow a justification for the company to then cancel is simply excusing a shoddy business practice. Not that some don't do such things, but it shoddy practice.
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We can't easily stop the practices of insurance companies. Like many other problems in life, insurance company practices are something that we have to deal with knowing that we are stuck with them. I don't like some of their practices on cancelling policies or increasing rates, but I can't stop them so I have to learn to live with them.
I agree with you, but I should point out that you've made a global statement and I assume that you mean to say that a person shouldn't be cancelled for a pattern of reasonable insurance claims. It is foolish to assume that states can enact legislation which dictates that if you pay your premiums, then an insurance company can never cancel your policy based upon your claims history. However, states should have regulations which stipulate that all cancellation must be justifiable through actuarial data and not justified just by the insurance industry practices aimed more toward intimidating us into not filing legitimate claims.
Gideon