The Home-Insurance Coin Flip: Nearly Half of Claims Result in Zero Payout

[Fiendish Thingy]

13. We've never had a problem

In the US we had State Farm, only made a couple of claims in 25 years, both paid without hassle (one involved a woman whose car rammed through our fence and hit the corner of our house- fence destroyed, house only minor external damage- they went after her insurance company)

In Canada, we use BCAA (AAA equivalent) which is underwritten by Manulife. One claim in the seven years we’ve been here, paid without hassle. When we paid off our mortgage, our insurance agent was worried we would cancel our insurance…seems crazy to me to not carry homeowner’s insurance.