Except the insurance company is not permitted to lose. Only policy owners
are allowed that privilege.
Gil, W1RG
----- Original Message -----
From: "K8RI on TowerTalk" <K8RI-on-TowerTalk@tm.net>
To: <towertalk@contesting.com>
Sent: Sunday, October 08, 2006 12:11 AM
Subject: Re: [TowerTalk] Insurance, and tower as "accessory structure"
>
>>
>> Once I pointed that out, and provided documentation of the value,
>> the loss, and the permit, Travellers paid.
>>
>> Then, they elected not to renew, at the end of the policy.
>>
>> Be careful what you wish for.
>
> Jim makes a very important point. We purchase insurrance to save money.
> The insurance company sells us insurance to make money. You don't have to
> pass Econ 101 to see this equation doesn't balance.
>
> We and the insurrance companies are playing the odds. We purchase one
> policy to cover any large unexpected costs. They sell a lot of policies
> knowing that the odds are *normally* far in their favor that only a few
> customers will have large claims.
>
> However, due to a number of things, not the least of which have been some
> very large national disasters the insurrance companies are doing all they
> can to not have to make pay-outs on claims. They can do this a number of
> ways. One is education for fire prevention and saftety along with better
> building standards. They can deny a claim on a technicality. Another, is
> to
> get rid of any customer who has had a claim. Now if they outright phrased
> it that way they'd have some regulatory problems, but they get buy it by
> saying that customer is high risk. So it behoves the customer to not make
> any small claims. Is getting a 500 dollar TV or stereo replaced worth not
> having insurance afterwards?
> To most of us the insurrance companies are cheating by labeling any one
> who
> has a claim as high risk. Certainly there are high risk individuals and
> high risk areas. I can see them not insuring people in New Orleans. You
> can't get flood insurrance if you live on a flood plain. That makes sense,
> but to call a person a high risk because they've had one claim is more
> than
> pushing it a little, but they do it and get away with it.
>
> That big lightening rod in my back yard gets hit a lot. As I've said
> before,
> it's an average of 3 times a year, but it was five this past summer and
> were
> are getting major thunderstorms later in the year now. Still with all
> those
> hits I can point to not one bit of damage since finishing up the ground
> system. IF that tower took one of the so called super strikes and the
> house
> burned down, they'd most likely pay, but I'd probably not be able to get
> insurance as they'd call me a high risk even though the odds have not
> changed enough to measure.
>
> Roger Halstead (K8RI and ARRL 40 year Life Member)
> N833R - World's oldest Debonair CD-2
> www.rogerhalstead.com
>
>>
>> n2ea
>>
>>
>>
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