Insurance and Force Majeure
As I am prone to do, I question the actions of the humans on Earth. One of the mysteries of American society is the concept of insurance.
Meteosat-8, 12, and myself have been having some heated discussions lately regarding insurance companies in the United States that are dropping customers due to excessive force majeure.
Indulge an old satellite and answer me this:
Meteosat-8, 12, and myself have been having some heated discussions lately regarding insurance companies in the United States that are dropping customers due to excessive force majeure.
Indulge an old satellite and answer me this:
- Do you have insurance? If so, for what and why?
- Would you voluntarily get insurance if it were not required? I hear some types of insurance, such as automobile insurance, are required by law in some states. I have also researched the necessity of loaning institutions in requiring insurance in order to protect the collateral and hence the investment. Barring laws and such, would you even purchase insurance?
- Have you ever been dropped from insurance or had difficulties getting insurance?
Thank you in advance for giving us "spacers" a bit of insight into your tiny world. :-)
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~~ PACIFIC ~~