Hi all - So I'm reviewing our insurance (should have done this months ago) and it's obvious that we need to raise our deductibles and remove some coverage. Here are the details:
2001 Impreza, $500 collision, $100 comp
2006 Jetta, $500 collision, $100 comp
House, $500
I KNOW, I KNOW, this is disgraceful. I'm not so much looking for advice as to what the deductibles should be (I'm inclined to put them as high as is allowed, and remove both coverages from the Impreza because it's an old beater). What I really need is ammunition to convince DH that we don't need this coverage. If we had a loss, I'm sure his plan would be to file a claim if the loss was above the (current) deductible, because that's what insurance is for. I, on the other hand, would rather suck it up as much as possible, because insurance companies will jack up your rates if you file a claim.
So what are the best arguments you would use to convince him? Unfortunately, I haven't yet called the insurance company, so I don't have a quote for the exact amount we would save.