This is just a force major clause. It sounds like maybe someone in the industry got burned by the "we will do our best" ambiguous language and moved to a more clear force major clause.
Do I think insurance companies should have an out for force major? No. But it's been the law for them for the last ~60 years. Does this make it less of a problem? No. It just means there is a problem that we should have been solving this whole time.
This is why you can get flood insurance that doesn't cover a flood. It's been that way for a long time.
[ + ] x0x7
[ - ] x0x7 2 points 4 monthsJan 27, 2024 21:44:41 ago (+2/-0)
Do I think insurance companies should have an out for force major? No. But it's been the law for them for the last ~60 years. Does this make it less of a problem? No. It just means there is a problem that we should have been solving this whole time.
This is why you can get flood insurance that doesn't cover a flood. It's been that way for a long time.
[ + ] Sector2
[ - ] Sector2 1 point 4 monthsJan 27, 2024 21:15:34 ago (+1/-0)
[ + ] iSnark
[ - ] iSnark [op] 2 points 4 monthsJan 27, 2024 21:22:42 ago (+2/-0)
[ + ] DukeofRaul
[ - ] DukeofRaul 0 points 4 monthsJan 27, 2024 19:13:32 ago (+0/-0)
[ + ] Fascinus
[ - ] Fascinus 3 points 4 monthsJan 27, 2024 19:33:57 ago (+3/-0)
Mirrors:
https://pomf2.lain.la/f/qlxikkso.mp4
https://cdn.videy.co/orej3ISf.mp4
https://qu.ax/dRHT.mp4
[ + ] ilikeskittles
[ - ] ilikeskittles 2 points 4 monthsJan 27, 2024 20:30:22 ago (+2/-0)