I've said it before and I'll say it again- I pay for insurance so that if something bad happens I will be protected; no matter what. So tell me how much it is to cover me and cover me. Because once we let them exclude one thing, what's next to be dropped?
I agree with you 100% there. I understand the value of insurance and of course just want the best coverage that I can get. I don't want a whole pile of exclusions, but I also don't want to have a cap in place to increase profits for the insurers when they provide false data (or data based on 2002 market returns when this is not a historic norm).
Anyway...the insurers got away with one for a few years and I guess we are all going to pay for that now.
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