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Cow Man · 06-01-2007, 07:42 AM

I understand that there are some strong feelings out there about insurance company practices and I do not doubt that the situations related happened.
However, in most cases affecting the average individual consumer, insurance rates, forms and guidelines must be filed with the state’s insurance department and followed by the insurance carriers that file them. There is nothing which would legally allow a carrier to be arbitrary in settling claims or raising rates. If someone feels they have been treated unfairly, they should file a complaint with the insurance department.
What goes into the rate development would be a topic for another, albeit boring, thread. Suffice it to say that in my case, I filed the claim, got paid in a week (less the deductible) and don’t anticipate any adverse repercussions from it. Considering as how this claim netted me less than the annual premium I pay and was the first claim presented to this carrier in 10 years, I would hope they are happy to have me as a customer. If someone some day finds my kayak and returns it, I will return the money to the carrier.
I do want to stress that I am in no way advocating filing a claim every week, but the insurance policy is a contract between you and the carrier. You live up to your end by paying premiums when due and they live up to theirs by paying covered losses when due.
I do want to say that American Modern Home insures my cabin and boats and couldn’t have been more professional or timely in settling my claim fairly. If you have had problems with another carrier, check them out by visiting your local agent.

06-01-2007, 07:42 AM	#5
Cow Man Member Join Date: Feb 2006 Location: Cow Island / Holderness, NH Posts: 46 Thanks: 4 Thanked 19 Times in 8 Posts	Claim settled! I understand that there are some strong feelings out there about insurance company practices and I do not doubt that the situations related happened. However, in most cases affecting the average individual consumer, insurance rates, forms and guidelines must be filed with the state’s insurance department and followed by the insurance carriers that file them. There is nothing which would legally allow a carrier to be arbitrary in settling claims or raising rates. If someone feels they have been treated unfairly, they should file a complaint with the insurance department. What goes into the rate development would be a topic for another, albeit boring, thread. Suffice it to say that in my case, I filed the claim, got paid in a week (less the deductible) and don’t anticipate any adverse repercussions from it. Considering as how this claim netted me less than the annual premium I pay and was the first claim presented to this carrier in 10 years, I would hope they are happy to have me as a customer. If someone some day finds my kayak and returns it, I will return the money to the carrier. I do want to stress that I am in no way advocating filing a claim every week, but the insurance policy is a contract between you and the carrier. You live up to your end by paying premiums when due and they live up to theirs by paying covered losses when due. I do want to say that American Modern Home insures my cabin and boats and couldn’t have been more professional or timely in settling my claim fairly. If you have had problems with another carrier, check them out by visiting your local agent.