make WWAY your homepage  Become a fan on facebook  Follow us on twitter  Receive RSS Newsfeeds  MEMBERS: Register | Login

I am curious

how Mr. Chandler could refer to premiums paid as "all that wasted money"?

Anyone who buys insurance, pays a premium. That premium is in exchange for the Insurance Company's promise to provide insurance coverage for a specific time frame referred to as the policy term.

When the term ends, you pay a "renewal" premium for a new policy term.

Not much different from buying a pair of trousers at Belks. When they wear out, you buy a new pair.

By his own admission, they paid a claim on his behalf. They did what the policy called for.

Now they have decided they do not want to provide coverage in coastal areas. That's a business decision. No more; no less.

He paid his money; he got what he paid for.


The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

More information about formatting options

To prevent automated spam submissions leave this field empty.
Please re-enter the code shown in the image below.