All Insurance = Pyramid Scheme (bill, system, property, wages)
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Usually medical claims and negligence are two separate things in your policy ..
When someone gets hurt on your property for the most part the insurance company will cover medical bills regardless of fault …there is a low limit on most homeowner policies for this ..this. Has nothing to do with liability insurance .
Any claim for fault is generally a separate issue and is covered under liability insurance
Which points to the notion that the property owner is more or less always somehow/someway at fault. If not why would the medical claims portion of policies more or less always pay?
I know I'm not lying and I didn't take that as your implication. I'm saying it's way more likely my friend is right than you are.
Your attorney friend who states an owner is “always” responsible/liable is complete BS. I don’t need to know you or him to understand that there is zero chances this is accurate. You should be able to recognize it as well
Which points to the notion that the property owner is more or less always somehow/someway at fault. If not why would the medical claims portion of policies more or less always pay?
Talk to your insurance agent. Ask them about your potential liability due to a third party injuring themself on your property as a result of their own stupidity, with no negligence on your part.
Talk to your insurance agent. Ask them about your potential liability due to a third party injuring themself on your property as a result of their own stupidity, with no negligence on your part.
100%............My wife is CIO of a large insurance company and one of my best friends - saw him today AAMoF - co-founded a very large MGA. I've listened to lots of horror stories.
I have been in a horrible car accident a few years ago and the doctors had to perform five surgeries on me.
My wife and I were in a highway head on crash 1/1/17, nearly killed her. The other driver was at fault and didn't survive. Her pyramid scheme paid us $25K. My wife survived 4 potentially lethal injuries due to very impressive paramedic, emergency and surgical care. She had at least 8 surgeries. Her ObamaCare pyramid scheme paid off her $1.3M in medical bills. Our own insurance pyramid scheme paid us $1.3M in unrecovered liability/damages.
Which points to the notion that the property owner is more or less always somehow/someway at fault. If not why would the medical claims portion of policies more or less always pay?
Who is saying they more or less always pay? I just went through this, fell at my son's house and incurred a huge hospital bill. Absolutely no negligence, it was an accident. I got the standard $5,000 medical payment that is typical for most homeowner policies.
Honestly, I'm sure they were thrilled to write that measly check when they saw how high my bills were.
Ponzi schemes and pyramid schemes are not the same.
A Ponzi scheme involves a money manager paying out early redemptions with new investor money. These always collapse.
A pyramid scheme involves a salesman recruiting other salesmen to sell something, and taking a cut of the junior salesman's revenue. The junior salesman can in turn recruit his own lackeys and get a cut of their revenue. Pyramid schemes can actually be sustainable if there is enough demand for the product and the pyramid does not have too many layers, and if junior salesmen don't pre-purchase too much inventory. Another name for pyramid schemes is multi-level marketing.
Who is saying they more or less always pay? I just went through this, fell at my son's house and incurred a huge hospital bill. Absolutely no negligence, it was an accident. I got the standard $5,000 medical payment that is typical for most homeowner policies.
Honestly, I'm sure they were thrilled to write that measly check when they saw how high my bills were.
You missed my point just as the other poster did. It's not that the property owner or his/her insurance will always pay........but instead that the property owner is always/nearly always responsible.
And you hit the nail on the head of my point.........no one was at fault in any obvious way for your injury and still insurance paid.
My wife and I were in a highway head on crash 1/1/17, nearly killed her. The other driver was at fault and didn't survive. Her pyramid scheme paid us $25K. My wife survived 4 potentially lethal injuries due to very impressive paramedic, emergency and surgical care. She had at least 8 surgeries. Her ObamaCare pyramid scheme paid off her $1.3M in medical bills. Our own insurance pyramid scheme paid us $1.3M in unrecovered liability/damages.
Sounds like a great pyramid scheme to me! Sign me up... I don't understand how people can carry such low state minimum limits...25k is not nearly enough.
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