You seem to have lost sight what insurance companies do. They charge as much as they can, and pay out as little as they can get away with. Then, if they really, really, really, have to pay out money, they'll try to get it back from you in some other way.
Long story made as short as possible: Two years ago we had a plumbing leak. It was in the bathroom connected to one of our back bedrooms, and we rarely go in there. When we found the water, it had been leaking for several days, and had done about $8K damage to the carpets, wallboard, and some personal property. This was our first claim since 1989, and our first ever with this particular company. They made the repairs, and then almost doubled our premium on the next renewal of our homeowner's policy. The agent explained that without any more claims, the premium would return to the lower amount in 5 years. I calculated that we would have paid them back roughly 80% of the claim if we had stayed with them. Instead, we went with another company whose premiums were considerably lower.
I don't much care for insurance companies, as you might tell. Oh.....one more thing they do. They share a common database showing what claims people have made. When you go to company B, they have a record of your claim through Company A. They're a very cozy bunch.