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Discussion Starter · #1 ·
Nice little surprise in the mail today from <i>Safeco and General Settlement Class Administrator</i>:<br><br>
"Dear Class Member... this benefit check represents your share of the class action settlement approved by the Court."<br><br>
The check was for $17.42; apparently Safeco had been over charging folks.<br><br>
I understand that insurance has a place in my life, and society in general, but I'm always feeling that it's a racket. Every time something goes wrong (which is what the insurance is for), the insurance company raises your rates to cover the expense- which kind of defeats the purpose of insurance, doesn't it??<br><br>
The funny part is that I dropped my Safeco insurance several years ago and switched to AAA. Heh.<br><br>
Now all of you who sell insurance can fire away... <img alt="wink.gif" src="http://files.kickrunners.com/smilies/wink.gif"><br><br>
Dinner is on Safeco tonight. <img alt="biggrin.gif" src="http://files.kickrunners.com/smilies/biggrin.gif">
 

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Hey Mark,<br>
I posted this in my b-day thread, but I wasn't sure you'd see it.<br><br>
Where are you in Colorado? Are you doing any races? Buxtehude and I are doing the half in Ft. Collins in May.
 

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insurance is for preventing financial disaster, <b>not</b> for covering all your expenses resulting from whatever necessitated use of the insurance.<br><br>
when "something goes wrong" your risk profile changes, that's why your rate goes up. you'll also notice that when stuff <i><span style="text-decoration:underline;">doesn't</span></i> "go wrong" (i.e. you don't get in an accident for a couple years), your rates go down, too <img alt="wink.gif" src="http://files.kickrunners.com/smilies/wink.gif"><br><br>
if it didn't work that way, nobody would be able to afford it.<br><br>
yet, they <b>are</b> businesses, and any business tries to make a profit, but you'd be very surprised at how much even a small insurance comapny can pay out in claims each year...<br><br><br>
no, i don't sell insurance, but i've worked in insurance operations for a long time <img alt="smile.gif" src="http://files.kickrunners.com/smilies/smile.gif">
 

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Discussion Starter · #5 ·
You're right. I didn't. <img alt="sad.gif" src="http://files.kickrunners.com/smilies/sad.gif"><br><br>
I live in Ft. Collins; currently signed up for the Horsetooth Half- the finisher prize is a custom bottle of Fat Tire- can't beat that!<br><br>
I was going to run the Colorado Marathon in May, but my brother in law convinced me to run Big Sur in CA the weekend prior.<br><br>
Cheers!<br>
Mark
 

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Discussion Starter · #6 ·
Which is precisely why I have health insurance- to prevent financial disaster. Auto Insurance (liability, anyway) is required by the state.<br><br>
I had a 5mph fender bender last January, but in the past I have gone more than 5 years without and accident, and never have seen my rates go down. The only time my rates have gone down is when I have switched companies.
 
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