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Should I Make a Claim for a Small Loss?
- Should I make a claim for a small loss?
- If you have a $20,000 car wreck…or $50,000 of damage to your home…or $35,000 of inventory stolen from your store, it’s highly unlikely that you would even consider not submitting that claim. That’s when insurance is most useful. On the other hand, the consequences of submitting a small claim may outweigh the money you receive from the company. Sometimes, it just makes sense to pay your loss yourself and avoid the consequences of submitting a claim.
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