theres all kindsa ways people can commit fraud and burn their shiz down to get out of a bad situation. they should try to weasel out a lot less but there should be some situations where they can deny it.
Insurance is all about risk. Basically you are betting that your house will catch fire, by buying a policy to protect you, and the insurer is betting that it won’t burn, by selling you one. The Insurer wants to minimize their risk, so there will be differences depending on how old your home is, whether you have sprinklers, fire extinguishers, live in the city (near Fire Departments) or in the country (maybe local volunteer dept) etc. If your house is already on fire, the risk is 100% and no insurer that wants to stay in business will take that bet.
It’s like betting on the Cubs…after they’ve already lost.
If you do not have fire insurance and your house catches fire, there is no reason why an insurance company should be obligated to provide you with a policy just because you chose not to carry one.
If your house catches fire, there is no reason why a policy you obtain afterward should not reflect the fact that there are past fires on your record.
May 30th, 2010
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theres all kindsa ways people can commit fraud and burn their shiz down to get out of a bad situation. they should try to weasel out a lot less but there should be some situations where they can deny it.
You mean as it is burning you are calling for insurance? lol good luck with that.
Insurance is all about risk. Basically you are betting that your house will catch fire, by buying a policy to protect you, and the insurer is betting that it won’t burn, by selling you one. The Insurer wants to minimize their risk, so there will be differences depending on how old your home is, whether you have sprinklers, fire extinguishers, live in the city (near Fire Departments) or in the country (maybe local volunteer dept) etc. If your house is already on fire, the risk is 100% and no insurer that wants to stay in business will take that bet.
It’s like betting on the Cubs…after they’ve already lost.
If you do not have fire insurance and your house catches fire, there is no reason why an insurance company should be obligated to provide you with a policy just because you chose not to carry one.
If your house catches fire, there is no reason why a policy you obtain afterward should not reflect the fact that there are past fires on your record.