Why would the people of America agree to pay insurance and then insurance not pay?

Question

It is unethical to pay homeowners insurance and they not be required to pay.

It is unethical to pay health insurance and then they not be required to pay.

These are laws written by our government.

Answer 1

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Answer 2

I don't understand?

Answer 3

If you buy fire insurance and your house is caught in a flood the insurance company doesn't just pay for it "because they had a good year and are feeling especially charitable"

Answer 4

Just because you have an insurance policy does not mean that everything in the world that could happen will be covered. read the contract, or benefit book ...it should show you what types of services are covered.

Answer 5

State Farm is no different than the oil companies and some of the other giant companies that have learned that American's have learned to assume the position. I have watched as people got taken advantage of by large companies. I think we have all seen this with only the slightest of repercussions. One day our government will be forced to work for the people and not against them and one day foreign companies will come in and control the greedy and glutenous markets we once took pride in and called capitalism.

GM and Ford are two examples of companies that learned quickly how gluttony will cost you in the end.

Answer 6

Well, first of all, "The American People" do NOT buy one policy.  Each person buys their own.   AND, the insurance policies pay, what they AGREED to pay.  Not what the homeowner thinks they should get paid for after the loss, but EXACTLY what the two of them agreed to, at the time the policy was purchased.

I think, frankly, that you have NO idea what you are talking about, because insurance policies pay out based on CONTRACT LAW.  

You can't walk into a car dealership, agree to buy a Ford, then get mad when they don't deliver a Porsche to you.  Which, in effect, is most likely what you're complaining about.

I'm assuming, you have FLOOD damage, and your HOMEOWNERS won't pay it.  That's right.  Homeowners doesn't COVER flood.  Nowhere in the USA.  You want flood?  Buy it.  You want homeowners?  Buy it.  But don't complain that you don't get what you didn't buy.

Answer 7

Most people don't read their insurance policies.  The insurance company only insures certain items and certain situations.  It's unethical for someone to expect an insurance company to pay for something which they haven't agreed to in the first place.