The insurance companies from what they have told me is very strange. In the past insurance was about risk and depending on the risk the amount to cover you was calculated. Now, apparently, they do not do a risk analysis but pretty much as far as I can see pick a figure out of the air. I would assume that exceptions which they would not pay out on are detailed in the 2pt text at the bottom of the policy. Has anyone else been told they no longer perform a risk analysis when you apply for insurance?