351–360 of 712 posts
It amazes me that people in the US would even consider installing a roof that would only last 20 years.
In the UK, you wouldn't consider reroofing anything that your grandparents remember being installed. Ie. Stuff doesn't get reroofed till it's 100 years old. Even then, you'll normally inspect and only replace the damaged bits.
My 350 year old house still has part of its original roof and slate tiles etc.
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Fair, but there are lots of places, like Canada which require some types of insurance by law.
I'm unfamiliar with Canadian law, can you provide an example jurisdiction and required coverage?
Auto insurance is mandatory, and it can be government run, or private.
Other areas of insurance can be indirectly required, say one side of renting, etc. Effectively lenders can set the conditions they desire.
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Wouldn't said trampoline simply not be covered by the policy since you lied about it? The agents are checking a box and the underwriter is sticking in a boilerplate "Customer said no trampoline therefore trampolines are excluded from this policy" text
It’s worse than that actually; say the liar’s house burns down and the insurance adjuster finds the trampoline in the garden after the fact. As I understand it, the insurer can void the entire contract.
Also, it depends on the jurisdiction, but while the insurer can try to void the whole contract, courts don’t always let them do it, especially if the policyholder convinces the court it was an innocent mistake or oversight rather than a deliberate lie.
I used to work for Verisk, an insurance tech holding company, who owned a company that took pictures of people's roofs using airplanes and special cameras. They got sued over a patent violation with EagleView[1], who claimed the tech idea as their own, and settled. > The strategic alliance allows customers seamless and integrated access to EagleView technology within Verisk’s Xactware platform Xactware is a product t…
I recently started going through many big data collectors and expressing my rights to know, delete, and stop selling my information. Verisk makes the process notoriously difficult compared to other companies, you have to start an "ethics" report in their ticketing system https://secure.ethicspoint.com/domain/media/en/gui/69464/ind...
Can you share how to go about it? Do you have a blog post?
https://cc.bingj.com/cache.aspx?d=1812931943850&w=GaxRXZW2Vc...
> If your roof is 20 years old and one hailstorm is going to take it off, It amazes me that people in the US would even consider installing a roof that would only last 20 years. In the UK, you wouldn't consider reroofing anything that your grandparents remember being installed. Ie. Stuff doesn't get reroofed till it's 100 years old. Even then, you'll normally inspect and only replace the damaged bits. My 350 year old…
> If your roof is 20 years old and one hailstorm is going to take it off, It amazes me that people in the US would even consider installing a roof that would only last 20 years. In the UK, you wouldn't consider reroofing anything that your grandparents remember being installed. Ie. Stuff doesn't get reroofed till it's 100 years old. Even then, you'll normally inspect and only replace the damaged bits. My 350 year old…
An extension that was done in the 1980s has had to have its roof replaced once already due to what I have to assume was poor workmanship by the builder.
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Haha, by your reckoning why not monitor all comms for any lies? This is why we can’t have nice things. We are walking into a new Robodebt scenario run by AI - it’s all too much living in a constant state of surveillance and it’s not a world I want to live in.
Don't give aussies any ideas, they tried to make mathematics illegal. Sometimes they take the worst aspects of the british and americans and make it their own
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For the same reason credit card interest rates are regulated: there's an asymmetry in bargaining power. Car prices are not regulated because there are plenty of options for the consumer.
More than that, you can choose to go without a credit card. Insurance is mandatory for most people. Either the law requires it or a lender requires it in order to approve the loan. Insurance rates are regulated for the same reason most states regulate utility rates. You can’t really opt out and the markets where price regulations have been removed have left most consumers worse off.
I don't really understand the privacy concern here. To wit: insurers can demand actual inspection of your home when making underwriting decisions. The condition of your house is very much their business. Why is an aerial photograph of your roof, which everybody in the world already has on Google Maps, such a big deal?
The problem is the culling Insurance companies are very keen to get as much risk as possible off their books before the climate gets even more extreme in its volatility Good goes with bad, so long as the bad goes, some good going too is undesirable but OK because they are aware if the catastrophic climate events looming The insurance companies are behaving logically, probably legally IANAL, but for people who are sim…
Yes climate change has caused an upheaval in some geographical regions.
But there are many economic forces at play, from the treatment of real estate as an investment making every home a million dollars to insurers all being reinsured by a ever smaller pool of reinsurers.