- 9,744
And I'll repeat, if a lower deductible is a feasible option, it can work out in the client's favor. I have clients that want to avoid the high exposure and don't mind paying for it, when compared to other options.
If it's what the client wants, they can have it. I guess you would feel there's a sucker born every minute.
A lower deductible ISN'T a feasible option - that's the point!
You would really suggest someone spend $3,100 to insure $3,600? How is that in the client's favor?
High exposure? Hell, they're paying either way. At least with the higher deductible, if they don't meet it, the money is in their pocket.
With the lower deductible, the money is in the insurance companies pocket (via the premiums) - whether they meet the deductible or not!
This is really "basic" risk management.