156
I work for a major insurer. Much of my industry is fudging the numbers in the face of the climate crisis (www.theguardian.com)
submitted 3 weeks ago by to c/climate@slrpnk.net
21 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] 14 points 3 weeks ago (3 children)

Talk to a broker. Many companies consider dual policies a case of splitting the risk between them, not doubling the payouts even though both premiums are being paid.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 2 points 3 weeks ago (2 children)

    That seems odd, since insurance is fundamentally just a bet. There's no reason one can't make two bets on the same thing.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 3 weeks ago* (1 child)

    It's how medical insurance works in Canada if you have coverage from two working parents. Not sure about other forms wich is why I said check with a broker.

    Thinking about this again, if someone has the money to pay two policies, they can probably self-insure depending on the specifics.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 2 points 3 weeks ago

    Medical insurance isn't actually insurance in the traditional sense. It has more in common with a subscription service.

    But I'm more specifically thinking of home flood and fire insurance, as that's the kind the article is about.

  • permalink
  • fedilink
  • source
  • parent