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The Water Cooler
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Dropped homeowners insurance!
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<blockquote data-quote="ronny" data-source="post: 2758744" data-attributes="member: 8853"><p>If you had "policies that I can understand without legal council to explain them", you have coverage that was subject to different interpretations by all parties involved. All the legalese you see in policies today has accumulated over the centuries in response to unintended losses resulting from "interpretations" by the courts. Most of this ultimately works to the advantage of the consumer, but it makes the policies more and more hard to read.</p><p></p><p>A good agent can do a lot to lead the insured in the right direction, but, in the end, you gotta read the policy yourself and, if you don't understand something, ask.</p><p></p><p>Speaking in very broad terms, most policies either cover things that are listed directly (named perils) or they cover everything not listed as "not covered". That's VERY BROAD TERMS.</p><p></p><p>After 30+ years of this crap, it still makes my head hurt.</p></blockquote><p></p>
[QUOTE="ronny, post: 2758744, member: 8853"] If you had "policies that I can understand without legal council to explain them", you have coverage that was subject to different interpretations by all parties involved. All the legalese you see in policies today has accumulated over the centuries in response to unintended losses resulting from "interpretations" by the courts. Most of this ultimately works to the advantage of the consumer, but it makes the policies more and more hard to read. A good agent can do a lot to lead the insured in the right direction, but, in the end, you gotta read the policy yourself and, if you don't understand something, ask. Speaking in very broad terms, most policies either cover things that are listed directly (named perils) or they cover everything not listed as "not covered". That's VERY BROAD TERMS. After 30+ years of this crap, it still makes my head hurt. [/QUOTE]
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