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Claims process... lmao. My bike was stolen 2 years ago, made a claim with State Farm. Recieven registered mail within 4 days of the claim cancelling my policy. Insurance is a cashgrabbing joke. Record profits?? Such a joke.
I'm an Actuarial Analyst for a Major Canadian Insurance Company. I analyse claims patterns to determine overall rate changes, as well as relative premium differences by various risk characteristics (eg. age, experience, claims, convictions, usage, etc.)
Unless it's private, please post insurance-related questions in the forum rather than sending me a PM.
Current: 2001 Suzuki GSXR1000 (4th Season)
Previous: 1996 Honda VFR750F (4 Seasons)
Previous: 1998 Kawasaki Ninja EX250 (3 Seasons)
Your contents are covered to the degree you're not at fault.
So, if for example you are 25% not at fault and the actual cash value of your camera is $100, you will be paid $25 for the camera.
You are also covered for the loss of use of the contents.
Lets say your golf clubs were damaged in an accident. You were 50% not at fault. You were playing golf that day and had to rent clubs at a cost of $100. You can be reimbursed $50 for the rental clubs.
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