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Old September 19th, 2013, 05:17 PM   #6 (permalink)
zendroid
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Join Date: Sep 2013
Location: Moving Around The Western Hemisphere
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Years ago I made the money saving choice to self insure.

It's one of the best decisions I've made. Here's a brief explanation of my personal insurance company.

Each month I make a "payment" into my dedicated smartphone account I've setup at my bank. Obviously each month the balance grows larger. If I don't have an accident, loss, or catastrophic event, that sum of money keeps getting larger. You'd be surprised how well this works.

In the event I do need it, there's no deductible, no hidden exclusions, plus I know the owner of the company

After I established this arrangement I went a full five years without needing it. Then one day I dropped and shattered my phone. Not only did I get a brand new phone for "free" there was money left over. Now that's hard to beat!
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