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GWPotter: In my view insurance is to cover expenses you can not easily cover yourself. That is one reason for having a deductible on say my auto insurance. If I have to have one accident every 3 years to cover the difference with an auto deductible, for me it is not worth it. Having that frequency of claims first would raise my rates and eventually get me canceled.

Auto insurance is a horse of a different color. I carry $1000 deductible on my car and the mandatory liability coverage. I was hit from the back earlier this year (The other driver ran away.) Used my $1000 deductible. The insurance paid $10,000. Could I afford a $10,000 bill every five years? Yes, but I'd rather pay my monthly bill from the insurance company.

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