Let's be SMART about this...
Say the carpeting will cost $1000
Say you make an insurance claim to pay for the carpeting and they raise your
insurance rates $10 a month. That is $120 a year more or $2,400 more in
insurance payments for the next 20 years!
Your cost for the carpeting over 20 years is $2,400.
On the other hand, say you don't make a claim, and since you don't intend to
make small claims like this, you go to your insurance agent and get a higher
deductable on your insurance. Say $1,000 deductable.
Then they lower your insurance rates $10 a month. That is $120 a year less
or $2,400 less in insurance payments for the next 20 years!
Cost of carpet: $1,000.
Insurance savings: $2,400
===================You have saved: $1,400 over 20 years!