Same understanding here.
Lawsuits in sight ...
In our country, you need an official statement of « Natural catastrophe » by
the government for a faster refund on your losses. Else, it may take, well,
some time …
Amities
Philippe
> Le 1 déc. 2018 à 19:26, Nathan Wajsman <photo@xxxxxxxxxxxxxx> a écrit :
>
> I understand that if you have no insurance you get no payout. But what AG is
> saying is that insurance companies are telling all customers that they have
> no coverage, regardless of whether they actually have it.
>
> Nathan Wajsman
>
> Alicante, Spain
> http://www.frozenlight.eu <http://www.frozenlight.eu/>
> http:// <http://www.greatpix.eu/>www.greatpix.eu
> PICTURE OF THE WEEK: http://www.fotocycle.dk/paws
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> <http://nathansmusings.wordpress.com/>
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> Cycling: http://www.crazyguyonabike.com/belgiangator
> <http://www.crazyguyonabike.com/belgiangator>
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> YNWA
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>> On 1 Dec 2018, at 19:22, john hudson <om4t@xxxxxxxxxxx> wrote:
>>
>> Simple ............ no insurance, no payouts from any source, period !
>>
>> Otherwise, moral hazard just got a massive shot in the arm !
>>
>> If the insurers do pay out, one thing is certain .................. MASSIVE
>> increases in annual premiums thereafter or a total withdrawal from the
>> earthquake insurance market.
>>
>>
>> We had earthquake insurance on our house in metro Vancouver, BC in the
>> 1990s. Friends and neighbours thought we were nuts ! We did experience a
>> mild 3 point something tremor but no damage.
>>
>> Back then the provincial governments earthquakes' emergency response centre
>> was located on the upper floors of a tall building in metro Vancouver. When
>> there was an emergency test drill the building had to be vacated and the
>> drill's procedures flopped !
>>
>> Anchorage is just one of numerous big centres along the same fault line
>> .......... others are Vancouver, Victoria, Seattle, San Francisco, Los
>> Angeles, San Diego..... etc. Oh, and several nuclear power stations in
>> California. Anchorage's damages would be trivial compared to what a "big
>> one" [say a 9.0 +] would do else where along the same fault line.
>>
>>
>> jh
>>
>> On 12/01/18 10:29 AM, Bill Barber via olympus <olympus@xxxxxxxxxxxxxxxxx>
>> wrote:
>>>
>>>
>>>
>>> 8. Insurance companies are telling ALL customers that they have no
>>> earthquake coverage regardless of whether they do or not.
>>>
>>>
>>> Can't imagine this one is true. Unfortunately, when folks are given a
>>> choice about buying coverage for risks that exist in their area, some
>>> decide not to protect themselves from the financial loss resulting from a
>>> disaster. The experience of this jaded old retired insurance agent is that
>>> the federal government (you can read that as federal taxpayers) usually
>>> steps in and lessens the individual losses for those who are, by choice,
>>> uninsured. That is sort of the way it works. If I had earthquake insurance
>>> and either my agent or my company told me I had no coverage amidst this
>>> type of event, I think I'd be looking to replace either one or both . . .
>>> and that is also how it works. Bill "Gratefully Retired" Barber
>>>
>>>
>>>
>>> --
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