Submitted by ReddittorMan t3_11eivl3 in personalfinance
GardenGood2Grow t1_jaeenkz wrote
Reply to comment by ReddittorMan in How would you take equity from a home to pay for a major repair? by ReddittorMan
As soon as you call insurance it opens a claim whether you use it or not. 3 claims in a year and you are sent to a high risk insurer for triple the cost. They are for disasters, not wear and tear.
ReddittorMan OP t1_jaef0eo wrote
Thanks that’s what I thought originally.
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