F'ing insurance industry

"Snowbird" wrote in message

Ironically, medical. There is no exclusion on the life insurance policy
I
purchased through the same company. So I guess if I'm gonna auger, I
better auger hard!

Gadzooks, that's bizarre! I've never heard of such exclusions on a
medical policy, especially where there's no similar exclusion on the
life insurance policy.

I had the same thought when I read it.

I wonder if it's a reaction to a specific circumstance that company
encountered. Do they exclude smoking/driving while drinking/etc?

They don't exclude smoking, but there's a big list of exclusions that you
have to go to some website to dig up. The only four that are mentioned in
the documentation, and which apply only to medical, are coverage while
committing suicide ("sane or insane"), a felony, while flying small planes
("operating, riding or descending in an airplane except as a fare-paying
passenger on a commercial carrier...") and acts of war.

The latter bugs me too even though it doesn't apply to me. If you're called
to duty and then killed protecting their corporate asses, you're not
covered.

If there are similar exclusions in the life insurance policy, they're not
explicitly stated in the literature and you'd have to look them up to find
out.
-c

Paul Sengupta wrote:

"Peter Duniho" wrote in message
...
"Jay Honeck" wrote in message
news:qbkkc.1497$I%1.174358@attbi_s51...
(BTW: I *knew* you were going to post that... :-)

Omnipotence will get you everywhere.

Then why would you need a plane?

So that you could pretend you're a doctor. :-)

George Patterson
If you don't tell lies, you never have to remember what you said.

"gatt" wrote in message
...
there's a big list of exclusions
snipped lots
and acts of war.

The latter bugs me too even though it doesn't apply to me. If you're
called
to duty and then killed protecting their corporate asses, you're not
covered.

Well, in that case I guess they medical insurance wouldn't matter
much...the life insurance would surely kick in at this point!

But if you were injured, it would be another matter. And would
"acts of war" include a terrorist attack?

Paul

Paul Sengupta wrote:

But if you were injured, it would be another matter. And would
"acts of war" include a terrorist attack?

There was considerable argument about that right after 9/11 with insurance companies
(not surprisingly) claiming that it does. Since they're reaching the final stages of
settlement for the WTC property (the claims are in court), I believe the courts have
held that terrorist acts are not acts of war, but I'm not certain.

There was a short flurry of attempts on the part of aircraft insurance companies to
sell "terrorist insurance" riders to existing policies, so it's quite likely that new
policies contain exemptions for damage from terrorist attacks, in addition to those
about acts of war.

George Patterson
If you don't tell lies, you never have to remember what you said.

On Wed, 05 May 2004 13:37:35 GMT, "G.R. Patterson III"
wrote:



Paul Sengupta wrote:

But if you were injured, it would be another matter. And would
"acts of war" include a terrorist attack?

There was considerable argument about that right after 9/11 with insurance companies
(not surprisingly) claiming that it does. Since they're reaching the final stages of
settlement for the WTC property (the claims are in court), I believe the courts have
held that terrorist acts are not acts of war, but I'm not certain.

There was a short flurry of attempts on the part of aircraft insurance companies to
sell "terrorist insurance" riders to existing policies, so it's quite likely that new
policies contain exemptions for damage from terrorist attacks, in addition to those
about acts of war.

Way back, after the riots in Newark, NJ, in '67, there was a story,
probably apocryphal, that the insurance industry had pressured the
governor, in one of his public addresses, to declare that what was
happening was "not a riot, but an insurrection," the latter term being
one of the escape hatches in most insurance policies, and the gov
being a credible public official to make such a designation.

Newark was, may still be, second only to Hartford as a center of the
Insurance biz.

The story played well among those who were skeptical about the
industry.

Don