Sunday, May 5, 2013

Terms and conditions

So you think you are insured?!!
I paid my premiums like every one else and I falsely expected that you would be covered. Not in a million years are you going to be covered and for what. Lets go threw some terminology of the insurance industry.
 This is a word that means many things to the insured. Like if I loose everything I will get some mone to replace it. No you wont for example that big flat screen TV you bought and it cost $8.000 the same thing to buy today is worth say $1000 yours is old so they depreciate it 10% per year. You have had it for 10 years now worth nothing.
 This is something you never do or mention to an insurance company. What this will do is claim your health and your sanity this is really what a claim is, it claims you and the insurance company wants blood. YOURS.
Insurance fraud
This is when you make a claim an actually get some financial satisfaction.
Proof of ownership
Receipts for the goods claimed, don't have them no claim.
Promissory note.... for you who do not know what Promissory means:- containing or implying a promise.
This comes down to honesty and integrity but these words are not written in the insurance industry code of conduct bible. 
Read the small print
 Really it all means phuck off read the small print always if you can

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