Compassion, Contracts and Common Sense
Disclaimer - I work for an insurance company.
Why the disclaimer? Because I'll be blogging about insurace companies, their policy contracts and common sense. Some of what I write will seem impersonal and lacking of compassion. However, most contracts are impersonal and lacking compassion.
The rage du jour around the coast right now is to force insurance companies to pay for claims that are not covered by the insured's policy. The Mississippi attorney general has filed a lawsuit about this.
According to Mr. Hood, the insurance companies took advantage of the policy holders. He claims that the `wording' of the policy contracts was confusing. Well, most legal documents are a tad confusing. However, our homeowner application clearly states that flood is not covered by that policy.
The next question is why would insurance companies want to trick people into not buying flood insurance? The government provides flood insurance, NOT insurance companies.
While I empathize with the people who have lost their homes, it certainly is not the insurance company's fault that they did not buy flood policies. While some will contend they were told they didn't need it, it is still their decision.
People need to take resposibility for their own actions or lack of actions.
Why the disclaimer? Because I'll be blogging about insurace companies, their policy contracts and common sense. Some of what I write will seem impersonal and lacking of compassion. However, most contracts are impersonal and lacking compassion.
The rage du jour around the coast right now is to force insurance companies to pay for claims that are not covered by the insured's policy. The Mississippi attorney general has filed a lawsuit about this.
According to Mr. Hood, the insurance companies took advantage of the policy holders. He claims that the `wording' of the policy contracts was confusing. Well, most legal documents are a tad confusing. However, our homeowner application clearly states that flood is not covered by that policy.
The next question is why would insurance companies want to trick people into not buying flood insurance? The government provides flood insurance, NOT insurance companies.
While I empathize with the people who have lost their homes, it certainly is not the insurance company's fault that they did not buy flood policies. While some will contend they were told they didn't need it, it is still their decision.
People need to take resposibility for their own actions or lack of actions.
posted by pythoncoder at 7:52 AM
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