That's common practice over here.Seriously though, the amount of money we pay for these insurances over the years is pretty considerable. So making use of them isn't really criminal. Well, in fact it is, but no one would really care as long as it's about something as "cheap" as this.
To save 250 bucks you did what you did. Wouldnt it make more sense to save a lot on the insurance by not having it in the first place for tiny little things. For all the premiums you have paid over the years and not having used it you would have bought L1520 5 times over.
Just Sayin.