Insurance, the Biggest Scam Against Consumers
These days every time you turn around there is another type of insurance policy being pushed by the insurance industry. The worst part is that these insurance companies act like they are looking out for the consumer and yet when it comes time for a policy holder to file a claim, they act like it will bankrupt them. I try to figure out how they can apply a ridiculous exception in order not to pay on a claim.
Their biggest weapon they use is the exception for different types of natural disasters; tornadoes, hurricanes, wild fires, flood water and earthquakes. When it comes to a your home, you really need to be careful that you read your homeowners policy to see what exactly they cover and what they don't. The worst thing that can happen to you is to find out that you don't have tornado coverage after EF2 tornado blows through and demolishes your house.
I would love to see an overhaul of how they are allowed limit coverage and force consumers to add riders or even have completely separate coverage in order to be sure they are protected.