lawrenson wrote:Hi All,the UK is currently very wet.Is everyone here dry - and, perhaps, just as importantly, are all your collections dry too?Cheers,Malc
killjoy32 wrote:she was also saying that they cant do general sweeping changes to policies because of government laws (oh but they want to of course), so what they are prb going to do is stop insuring people who live on the flood plains!!!
g026r wrote:Well they wouldn't be insurance companies if they weren't trying to figure out some way of not having to pay out.
Badmike wrote:In the states, after the Katrina hurricaine, several insurance companies were sued by the state and federal government for avoidance of payment, to the tune of many millions of dollars. What happened was: If you had wind and storm insurance, well, the flooding caused all your damage, and you weren't covered. If you had flood and water insurance, well, the wind and storm caused all your damage, you weren't covered.If you had both, your claim was tied up forever as they attempted to find the most advantageous category to put your home under, or try to somehow claim you weren't covered anyway. It was incredibly crooked.I think the lawsuits basically forced the companies to pay no matter what the coverage. Many of the companies, in a pout, then pulled out of those states completely.My youngest brother has worked in the insurance business for over a decade now. You have to realize it's a business first, second, and last. They have zero compasion for you or your family, and every single decision they make in any regard is looking towards their bottom line. If an agent shows compasion and helpfulness, they won't last long, and they are weeded out. There is a saying in the business to not insure anyone you are friends with, because when time comes to make a claim, you won't be friends any longer, it's pretty much true. One of the scummiest and sleeziest industries out there.Mike B.
Britain had one of its hottest and driest summers on record last year.
Kingofpain89 wrote:Ooohhh Mike...you better be glad my wife doesnt read this forum. Insurance is like anything else...you get what you pay for. My wife works for one of the higher end insurance companies and tells me all sorts of stories about the claims she has to handle on a daily basis. Some of them I have a hard time believing myself they are so crazy. Most of the time the stories are about the sheer stupidity and greed of the people she has to deal with. Trying to get tens of thousands of dollars for a simple fender-bender, faking injuries, false claims, etc. A lot of the time the lawyers are to blame....telling the claimant they can get them a six figure settlement but not explaining that they get 50% of that settlement and the rest is eaten up because of medical bills and attorney and court costs.Insurance companies are like any other, they are trying to make money on top of taking care of their customers. They arent non-profit entities. And they hire people who make mistakes and are lazy just like every other company. And I am pretty sure that for every story you hear about someone getting screwed over by their insurance company you don't hear about the 100 others that were taken care of and got their belongings, house, and car back because of their insurance company.
mbassoc2003 wrote:At least the south of England is where most of the muppets who deny climate change live. There's nothing quite like watching 50% fall off of your house price to make you reconsider your belief system. Maybe they'll buy outboard motors for their 4x4s. I also question the sanity of people who buy a house in an area of the country with questionable drainage and lovely views of the river, and then winge when their house gets wet and their car floats away.How stupid do you have to be to pat £200K for a pretty house in a riverside town or open a pub in a village on a flood plain.It's called natural selection.
Badmike wrote: Then again, I'm sure it's like the restaurant down the street who has employees shoving their raw hamburger into their pants before throwing it on the grill
