Why did not my insurance pay to replace everything I loss?
Total Comments: 4
Posted: Fri Dec 04, 2009 06:03 pm Post Subject:
You either are the unluckiest person in the world when it comes to insurance, or you have another agenda.
Posted: Sat Dec 05, 2009 01:28 am Post Subject:
:lol: Hurry go buy a lottery ticket!!!
Posted: Sat Dec 05, 2009 04:41 am Post Subject:
Insurance is a means of indemnification (making financial loss good), and they replace also, but only when it is more economical for them (lower liability for the insurers).
Replacing everytime and everything may create problem, imagine someone losing his wife/husband/... and demanding for a new one from Insurance Company as a nominee under the policy issued, or the Insurance Company offerring the same inplace of providing financial compensation. :)
Regards
Posted: Mon Dec 07, 2009 09:15 pm Post Subject:
Hully, what's the story? As Das mentions you seem to have a history of very bad luck and in many cases providing pretty thin info.
As aryanbiz mentions though the settlement you will recieve in the event of a homeinsurance claim where your posessions are damaged or destroyed may be based on a depreciated or market value. Clothes that are 5 years old are not worth what you paid for them for example.
Posted: Fri Dec 04, 2009 06:03 pm Post Subject:
You either are the unluckiest person in the world when it comes to insurance, or you have another agenda.
Posted: Sat Dec 05, 2009 01:28 am Post Subject:
:lol: Hurry go buy a lottery ticket!!!
Posted: Sat Dec 05, 2009 04:41 am Post Subject:
Insurance is a means of indemnification (making financial loss good), and they replace also, but only when it is more economical for them (lower liability for the insurers).
Replacing everytime and everything may create problem, imagine someone losing his wife/husband/... and demanding for a new one from Insurance Company as a nominee under the policy issued, or the Insurance Company offerring the same inplace of providing financial compensation. :)
Regards
Posted: Mon Dec 07, 2009 09:15 pm Post Subject:
Hully, what's the story? As Das mentions you seem to have a history of very bad luck and in many cases providing pretty thin info.
As aryanbiz mentions though the settlement you will recieve in the event of a homeinsurance claim where your posessions are damaged or destroyed may be based on a depreciated or market value. Clothes that are 5 years old are not worth what you paid for them for example.
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