View Single Post
Old 03-05-2012, 03:09 PM  
Paul Markham
Too old to care
 
Paul Markham's Avatar
 
Industry Role:
Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
So lets take this to it's logical conclusion. In cases of a disaster we should all rely on the Insurance companies or charities to come and help out.

9/11 costs approach $2 trillion
2005 Hurricane Katrina $84,000,000,000
2011 Joplin tornado $2,800,000,000
2011 Hurricane Irene $10,100,000,000
2011 Tornado $STILL COUNTING Oklahoma, Texas, Kansas, Arkansas, Mississippi, Alabama, Missouri, Louisiana, Illinois, Kentucky, Georgia, North Carolina, South Carolina, Virginia, Maryland and Pennsylvania

More here. http://en.wikipedia.org/wiki/List_of..._by_death_toll

Look at the costs of cleaning those up and add them to your insurance policies. Then figure out if you're going to save a few bucks on your taxes and not pay a lot more on your insurance. Because we all know how Insurance companies like to shave costs, look at the terrible cost cutting in the hospitals they fund.

They will cut costs if your policy wasn't up to date, you can't find it, it didn't cover that type of disaster, you got laid off and missed payments. Or for any reason they can think of.

Truth is the costs of clearing up some of these disasters would either bankrupt companies or hike your premiums to costs that would make little or not savings. Cold even add them to your cover.
Paul Markham is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote