SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (199817)5/3/2009 12:46:55 PM
From: Skeeter BugRead Replies (2) of 306849
 
>>Yeah, that really wouldn't ever happen.<<

i can definitively prove your paradigm is 100% wrong.

usatoday.com

from the article... "Insurers say they rarely revoke policies, and generally do so only because of misleading or omitted information on applications. One large insurer, Blue Cross of California, says it revokes less than one-half of 1% of all individual policies each year. Requiring complete medical details and honesty on the part of applicants, insurers say, is necessary to control costs and weed out fraud."

the insurance company says they revoke less than 0.5% of policies a year as though that is a good number.

i'll bet close to 0.5% of people develop expensive illnesses in a given year, too. that means they revoke a *massive* percentage of people who get ill - *especially* if they aren't part of larger corporate network. if they are a "one off," their insurance is worthless.

google is your friend...

google.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext