Coincidentally we had a house fire a few weeks ago.
Mom set fire to the kitchen. (83, Alzheimer's)
Luckily my daughter got me before flash point and I was able to knock it down with the extinguisher.
I have a thousand dollar deducible.
Since the claim is more than 3 thousand dollars they depreciate everything that was lost.
They will not pay anything on appliances older than 10 year.
They hold back 1 thousand dollars until all repairs are made.
So this will cost me about 5 grand even though I had replacement insurance.
They won't ever cover the cost of filling the fire extinguisher that I saved them a $100,000 loss with.
Not to mention that I ate 6 meals for 3 for less than $75 that they were liable for and slept in a house without power rather than run up a hotel bill for them.
The bottom line is I am out more cash than is the insurance company. Mind you this is the first claim ever in over 30 years.
Had I let the damned house burn, I would have had a new house for about the same price. but the insurance company would have taken a hit.
Hoodies Don't Kill People, Guns Kill People