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Originally Posted by MrSelfDestruct
This is less believable than volcano insurance.
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Last year my company had several volcano insurance policies lapse because of claims (when they pay the limits, the coverage is over). Granted, all the policies were written in Hawaii, but they paid out.
And volcano insurance is just a subset of earthquake insurance, which is a very serious thing indeed. It accounts for roughly 25% of all excess and surplus insurance written in California all on it's own.
So find another analogy
