Quote:
Originally Posted by dippin
No, they are not, no matter how many times you say they are.
First of all, there are no "preexisting conditions" in auto and home insurance. You have previous behavior that indicates current and future risk, but you don't have a condition or a risk that is completely excluded from coverage. And that is because the nature of the insurance is different. The risk distribution is different. And in statistics, distribution is everything. That is why a true health insurance would pool the risk across a person's lifetime.
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yes they are no matter how many times u say they're not. if u have damage to your automobile before u have coverage u can't expect them to cover it. if they are forced to cover it that creates an adverse selection sotuation. premiums will have to rise to compensate for the increased exposure that the insurance company will face. that is reality...ignore it all u want but that doesn't change what is