- Thread starter
- #21
LOL
Sure seems that way. More twists and turns than an Agatha Christie mystery.
What a coincidence . . .
Back in the days before underwriting was outlawed many of the carriers would issue policies but with specific exclusionary riders. A few would surcharge the premium if you wanted a condition covered and it could be priced fairly. (Maternity was a common one where you could pay extra and get the coverage).
A few carriers would give you a choice of a rider or premium rate-up for the coverage. Most of my clients opted to self insure the additional risk and take the rider.
Health insurance carriers have had a bad rap over denied claims. In almost every situation the claim was legitimately denied and spelled out in the policy.
Which almost no one ever read . . .
I have contributed to a handful of consumer forums where the biggest complaint (following premium rates) was denied claims. Once you get enough information it becomes quite obvious the carrier was correct in denying the claim and the policyholder was clueless about how the policy worked.
It has been a very long time since my college insurance classes. Seems like there are/were 5 or 6 standard HO forms. Some were truly basic, fire is covered if it occurs on a Tuesday and caused by neighbor kid playing with matches to more comprehensive forms.
I don't expect buyers to be aware of the limitations of their HO policies but I would expect a good agent to suggest special lines of coverage if you live in a flood zone where earthquakes, fire and brimstone are potential threats.
