| General > General Technical Chat |
| Test equipment and house insurance (UK) |
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| splin:
Given the scope and breadth of modern insurance companies data slurping, analytics and sophisticated risk modelling software, a good starting position is that if they will actually offer you insurance for something then your risk is likely so low that you don't need it. "We notice that both your great grandfather and your uncle Fred's brother died of prostate cancer and you Googled 'cancer symptoms' on the 7th of June 2019, so as a male over 65 we obviously won't cover you for that - but we can offer you cover for cervical cancer for a very modest additional premium". :-DD Reality might be a bit different - they seem to be unwilling to offer flood cover to houses at the top of hills because others in the same post code area are built on the surrounding flood plain and have no ability or flexibility to adjust their position when offered clear and incontrovertible evidence that they have it wrong. Too expensive to employ somebody with enough nouse to handle such situations - only minimum wage keyboard monkeys - "computer says noooo". |
| Bud:
On topic: Fool Coverage (1952) with Porky Pig and Duffy Duck https://youtu.be/j_UZiwNXWVE |
| tggzzz:
--- Quote from: splin on June 20, 2020, 12:52:35 am ---Reality might be a bit different - they seem to be unwilling to offer flood cover to houses at the top of hills because others in the same post code area are built on the surrounding flood plain and have no ability or flexibility to adjust their position when offered clear and incontrovertible evidence that they have it wrong. Too expensive to employ somebody with enough nouse to handle such situations - only minimum wage keyboard monkeys - "computer says noooo". --- End quote --- Don't forget questions like "has any house within 150m suffered subsidence?" How should I know; I'm not a surveyor and have just moved to the area. Or "have you ever suffered flooding?". "In what timeframe?". "Forever". "All the houses in SE England are built on chalk, which is formed under the sea". Silence. Or, as you get older, forgetting something that affected your health a few decades ago and hasn't bothered you since. The answers to the questions are largely ignored when buying premiums, but will be examined very closely by "loss adjusters" when you make a claim. My car was once rear-ended while stationary in a queue of traffic. The first thing the loss adjuster looked at was the tyres tread, even though that was clearly irrelevant to what happened. If the tread was illegal then my car would have been uninsured and they wouldn't have had to payout - and I would have had to declare that when taking out any other form of insurance. |
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