How about the fact that home insurance doesn’t cover preventative care. We had a branch fall on our roof and the insurance had to pay out to get that part of the roof fixed. I pointed out that there’s another dead branch up there that I’m a little concerned about hitting the roof, and maybe they would prefer to pay a few hundred to get a guy up there to remove the branch than a few thousand to get the roof repaired the next time, and the insurance company said absolutely not.
Insurance is about compensation for loss, and that’s it. It’s not their job to keep your house safe, that’s still on you. It’s their job to give you money if something happens beyond your control. Now that you mentioned that other branch, you should probably take care of it, if it falls they could deny your claim since you were negligent in preventing a known risk.
Insurance is about compensation for loss, and that’s it.
That’s certainly not true of medical insurance. Preventative care is part of the whole package. In fact, certain preventative care is encouraged. Health insurance companies are more than happy to pay for UTIs, for instance, because they’re so much cheaper than pregnancies.
That’s only in countries with sane health insurance. In America quarter profit seeking insurance, preventive care is a short term loss and therefore not paid, even when they affect long term profits.
Theoretically speaking. They should’ve just raised your rates. Since your house is at higher risk than they thought. But should offer a rate decrease if you maintain your surrounding trees.
Unless that information doesn’t change how risky they think your house is, therefore theoretically “correct” thing to do is what they did, nothing.
They are insurance companies. They basically bet that you’ll be lucky. They don’t want to lower the risk. Paying insurance companies is what you do when you want to lower the risk, and that would cut into their margins.
And yes, there are insurance companies for insurance companies.
How about the fact that home insurance doesn’t cover preventative care. We had a branch fall on our roof and the insurance had to pay out to get that part of the roof fixed. I pointed out that there’s another dead branch up there that I’m a little concerned about hitting the roof, and maybe they would prefer to pay a few hundred to get a guy up there to remove the branch than a few thousand to get the roof repaired the next time, and the insurance company said absolutely not.
¯\_(ツ)_/¯
Insurance is about compensation for loss, and that’s it. It’s not their job to keep your house safe, that’s still on you. It’s their job to give you money if something happens beyond your control. Now that you mentioned that other branch, you should probably take care of it, if it falls they could deny your claim since you were negligent in preventing a known risk.
That’s certainly not true of medical insurance. Preventative care is part of the whole package. In fact, certain preventative care is encouraged. Health insurance companies are more than happy to pay for UTIs, for instance, because they’re so much cheaper than pregnancies.
Did you mean IUDs? Can’t get preggo from a UTI…
… yes.
Although UTIs can sterilize you.
Medical has been warped into a Frankenstein product that is partially insurance, discount club, and prepayment system.
That’s only in countries with sane health insurance. In America quarter profit seeking insurance, preventive care is a short term loss and therefore not paid, even when they affect long term profits.
Theoretically speaking. They should’ve just raised your rates. Since your house is at higher risk than they thought. But should offer a rate decrease if you maintain your surrounding trees.
Unless that information doesn’t change how risky they think your house is, therefore theoretically “correct” thing to do is what they did, nothing.
They are insurance companies. They basically bet that you’ll be lucky. They don’t want to lower the risk. Paying insurance companies is what you do when you want to lower the risk, and that would cut into their margins.
And yes, there are insurance companies for insurance companies.