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glort Offline [X]
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LeeSimms wrote:
Call me cynical, but insurance is always great when you're paying premiums. Not so great when you make a claim.
Someone please prove me wrong.
I completely agree with you Cynical.
Insurance is about as trustworthy as an ebay/ paypal protection Guarantee.
Every time I look at equipment insurance here, it works out that if I don't loose the gear or smash it in 3 years, I'm in front on what the premiums would be. Been the same for 20 years. As I haven't lost anything in decades and I rarely break stuff, not worth it for me.
I am very careful where I leave stuff and so far that's paid off well .
The thing also is, If I lost all my gear tomorrow, I could just go and buy new. It's not going to put me out of business as it were or be something I couldn't afford to replace. Hope it never happens but it certainly wouldn't be the end of the world.
I do have public liability because I have to and also the chances of a company getting out of that are a lot less than anything else.
My Uncle was a private/ specialist insurance assessor for years.
He always said, the first thing an insurance company do when you make a claim is look for a way out of paying it. Some will find any excuse or make one up and others are less immoral.
He only passed away a month ago and was quite a faithful man. We were talking about his life and my Aunt told me he was so troubled by what he saw and the immorality of what these company's did, he got out of the industry because it played on his mind too much. He would go and assess legitimate claims only to find out the company wouldn't pay for all sorts despicable reasons.
He went into another field all together and then became a Councillor for young and homeless kids and opened up several successful Shelters for the homeless and run away's. He and my Aunt moved back to their home country town and he was asked to open a hostel/ counseling centre there and ran it for 8 years till shortly before his passing.
When talking to my Aunt about it the other week, she said he went into the volunteer and charity work because he felt so guilty about what he had seen in the insurance industry and how they turned their back on people in need and that had lost everything because of technicalities that he wanted to try and make up for being a part of what he felt was so wrong.
I have the insurances I need but I certainly am not blinded that the industry is anything other than what it really is.
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Jul 18, 2017 at 09:16 PM |
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