Quote:
Originally Posted by Mr.Coffee
I despise insurance companies. They don't really take their fair share of the battle. They are in the business of risk management yet when something doesn't go their way they just turn around and rape the consumers.
Such BS. I'm ok with rates tied to inflation or higher rates for higher quality coverage but these days it's all about less coverage, more loopholes, higher rates. It doesn't make any sense.
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Insurers are in the business of making money, you know like most companies. They are not in the business of risk management.
During the floods, there were numerous examples of insurers covering damages that were not covered under the policy. A large majority of my in-laws neighbours in High River were covered to some extent for losses that resulted from events that were specifically denied under the policy.
I have no love nor concern for insurers (I actually can't remember the last one that went bankrupt), but to say
"they don't take their fair share of the battle.............turn around and rape consumers" is also unfair and appears to be uneducated.