A refused claim is (legally) an event that was never covered by the insurance, and is therefore irrelevant if the question is “take policy A or not at all”.
After all, if that event occurred without insurance, it is still not covered.
However, this is important to consider when comparing different policies with different amounts of coverage. Eg “comprehensive” car insurance compared with “third party, fire, and theft”.
“Rates” of unpaid claims only make sense in a situation where the law allows the insurer to breach their contracts. In that situation, the value of insurance plummets, and possibly reaches zero.
A refused claim is (legally) an event that was never covered by the insurance, and is therefore irrelevant if the question is “take policy A or not at all”.
After all, if that event occurred without insurance, it is still not covered.
However, this is important to consider when comparing different policies with different amounts of coverage. Eg “comprehensive” car insurance compared with “third party, fire, and theft”.
“Rates” of unpaid claims only make sense in a situation where the law allows the insurer to breach their contracts. In that situation, the value of insurance plummets, and possibly reaches zero.