Do you believe in insurance?

[georgegeorgia]

I'm not just talking about travel insurance here but all insurance

 

But again what sparked my interest was ANOTHER story this morning I saw , a Australian man who is expecting a baby soon took off to BALI by himself and is currently in ICU in Bali after a moped accident

 

Apparently insurance was refused .

This is the second case I reiehere travel insurance was refused ,I think last year reading of a Australian lady in Phuket who was also declined as she fell down the stairs drunk !

 

This is why I'm sceptical to take out ANY insurance !

 

And you can forget all the other BS insurance such as personal loss thru stealing etc they aren't paying it a 100 page letter from the police to make it difficult 

 

I remember a few years ago hurt my pinky in Thailand they send me a 50 page document to be filled out ,too hard ,too cumbersome

but alas some on here will write just to be narcissistic, yes I put a claim in for 50 million as I stubbed my little toes and the insurance company paid it the next day no questions asked etc and all the 50 claims I put in this year we're approved etc just all BS 

Edited December 31, 2023 by georgegeorgia

[CharlieH]

I buy what I am legally required to have.Nothing more, having it doesn't automatically mean you'll benefit from it, as many assume.

 

I too have seen so many obstacles and reasons NOT  to pay etc.In 50 years I have benefitted twice from an insurance policy., and they were not health/accident related.

[georgegeorgia]

I am told , that if you have taken out income protection insurance usually in countries like the UK or Australia and you don't mention you had high blood pressure once etc they still take your premiums every month

 

...BUT ...when you end up having a heart attack and lodge a Claim then they decline it......"back in 1932 you were recorded as having high blood pressure"  ....but we didn't mind taking your premiums for the last 25 years !!!

Edited December 31, 2023 by georgegeorgia

[Fat is a type of crazy]

One example. Friend was in Patong. Caught Dengue. Got quite sick. Covermore were fantastic. They can't reject most proper claims. Haven't seen them denied except on here and other media and normally the reasons make some sense. Don't see how talking about successful claims is narcissistic. 

 

I am trying to work out the best way to keep health insurance in Australia but be covered in Thailand. Credit card insurance should do the trick for initial 2 or 3 month trips. Some say it's useless but mine is identical to the paid for ones. Still have to pay in Australia though if both here and there. 

[georgegeorgia]

I think this Covermore , was the same insurance company who denied the Australian woman last year in Phuket who fell down the stairs drunk and went unconscious

 

I think they eventually gave in , I haven't kept up with the story 

 

But Covermore or any others they're all the same 

One thing though....very important is to read the fine print,some differ in moped like the story above this morning of the Aussie guy hurt on a moped accident in Bali 

 

They range in motor sizes apparently so some insurance will not insure you depending on the bike , 

[noobexpat]

6 minutes ago, georgegeorgia said:

I am told , that if you have taken out income protection insurance usually in countries like the UK or Australia and you don't mention you had high blood pressure once etc they still take your premiums every month

 

...BUT ...when you end up having a heart attack and lodge a Claim then they decline it......"back in 1932 you were recorded as having high blood pressure"  ....but we didn't mind taking your premiums for the last 25 years !!!

 

IP is the most scrutinised insurance, far more than life cover because the company could be paying out for the next 30 years.

[ignis]

Likewise  I buy what I am legally required to have.

 

Insurance is a business to make money not pay it out..  I found out the hard way many years ago

[noobexpat]

Whole of life plans seem the best value.

We use them in a discretionary trust to cover inheritance tax liability.

[CharlieH]

Drunk is self inflicted, usually not covered, it's also the reason the FIRST test done on a hospital visit after a motor accident is for alcohol blood test.

 

Insurance will want to know alcohol wasn't involved.BUT if the Hospital don't do that test, then the insurance can refuse to pay.Yes you could argue the hospital was negligent but that just opens up a whole litigation battle.Which won't get your hospital bill paid or you released from hospital until YOU pay the bill.

[brianthainess]

I don't travel init, and if 3m baht in a Thai government hospital don't fix me then it's all over red rover anyway.

[georgegeorgia]

16 minutes ago, Fat is a type of crazy said:

I am trying to work out the best way to keep health insurance in Australia but be covered in Thailand. Credit card insurance should do the trick for initial 2 or 3 month trips. Some say it's useless but mine is identical to the paid for ones. Still have to pay in Australia though if both here and there.

That's a difficult one because you have to be in Australia to use the medical services (private health insurance Australia)

 

You may never need it and it's expensive, the question is ,why do you need it ?

 

If you say do get cancer in Thailand or wherever you are , you can come back to Australia and use the free  public health system,

ok the public health system is not the best but at least your saving that $150 a month or whatever your paying in private health insurance when you probably won't need it 

Edited December 31, 2023 by georgegeorgia

[Liverpool Lou]

24 minutes ago, georgegeorgia said:

But again what sparked my interest was ANOTHER story this morning I saw , a Australian man who is expecting a baby soon took off to BALI by himself and is currently in ICU in Bali after a moped accident   Apparently insurance was refused .

 

And you can forget all the other BS insurance such as personal loss thru stealing etc they aren't paying it

 

I remember a few years ago hurt my pinky in Thailand they send me a 50 page document to be filled out ,too hard ,too cumbersome

 

but alas some on here will write just to be narcissistic, yes I put a claim in for 50 million as I stubbed my little toes and the insurance company paid it the next day

What on earth is this person talking about?

 

"a Australian man who is expecting a baby soon..."

Nonsense, doesn't happen and didn't happen.  Men do not have babies.

 

"... a 100 page letter from the police to make it difficult..."

Nonsense, doesn't happen. 

 

"...a few years ago hurt my pinky in Thailand they send me a 50 page document to be filled out.."

Nonsense, doesn't happen and didn't happen.

 

"...just to be narcissistic, yes I put a claim in for 50 million as I stubbed my little toes and the insurance company paid it the next day..."

"Narcissistic"?  What are you going on about?

 

 

[georgegeorgia]

6 minutes ago, brianthainess said:

I don't travel init, and if 3m baht in a Thai government hospital don't fix me then it's all over red rover anyway.

You don't take out travel insurance?

I guess it's not only medical reasons though 

It covers you ... supposedly...for public liability too ,so if your negligence in a accident your covered they say 

[2baht]

33 minutes ago, georgegeorgia said:

just all BS 

Same belief in insurance as I have in God! 

[Liverpool Lou]

13 minutes ago, ignis said:

Insurance is a business to make money not pay it out.. 

I doubt that anyone, or any insurance company, has ever claimed anything different.   Would not be a good business plan.

[georgegeorgia]

9 minutes ago, CharlieH said:

Drunk is self inflicted, usually not covered, it's also the reason the FIRST test done on a hospital visit after a motor accident is for alcohol blood test.

 

Insurance will want to know alcohol wasn't involved.BUT if the Hospital don't do that test, then the insurance can refuse to pay.Yes you could argue the hospital was negligent but that just opens up a whole litigation battle.Which won't get your hospital bill paid or you released from hospital until YOU pay the bill.

I didn't think of that .

They probably would use that against you , that there was no alcohol test to determine

I wonder if that's somewhere in the fine print that none reads 

[daveAustin]

If I do, I make sure I get a good policy with a tried & tested firm to try to lessen above scenarios. Going cheap may as well not bother. As for auto, big reason here is because a rep will come out and sort things if one gets in strife.

[Liverpool Lou]

3 minutes ago, georgegeorgia said:

I didn't think of that .

Well, there's a surprise.

[alien365]

It depends on what you see insurance is for. Generally, it's meant to be protection from unforeseen events. Falling down stairs drunk is not unforeseen, having an accident on a moped in a foreign country without proper knowledge or protection is not unforeseen. That's also why insurers want to know about medical history, so any preexisting condition will incur a higher premium. 

 

Ultimately with insurance, you get what you pay for. 

[OneMoreFarang]

You can decide to believe in god or the tooth fairy. There is nothing to believe about insurances.

 

Insurance contracts have lots of "small print" and regulations. Most people don't bother looking at those details and then they are surprised when the insurance does not pay what they thought the insurance should pay.

 

Look at the details! And don't assume anything. Then decide based on facts and not believe.

 

[georgegeorgia]

I always wonder how my luck in claiming when I hop.on the back of a mb taxi

Is the driver licenced?

Is he drunk ?

They the insurance company would want to know all this for a claim 

 

And as I said ,the mb engine size , I never thought of all this 

Anyway most if the time they only want to get you back to your home country not treat you 

 

Give you an example,you hurt your arm  falling off a mb taxi on your second day on holiday, you end up in hospital needing treatment,their idea is to get you back to your home country not treat you so if it's just a broken arm you don't bother 

 

[jollyhangmon]

9 minutes ago, georgegeorgia said:

You don't take out travel insurance?

I guess it's not only medical reasons though 

It covers you ... supposedly...for public liability too ,so if your negligence in a accident your covered they say 

 

... nah, he means he ain't travling anyway, hence no insurance ...

 

[QuantumQuandry]

48 minutes ago, georgegeorgia said:

just all BS 

 

As opposed to people who are too naive to realize that falling down the stairs while drunk won't be covered?

[OneMoreFarang]

2 minutes ago, alien365 said:

Ultimately with insurance, you get what you pay for.

Yes, and that should be obvious. But for some people it seems to be not obvious.

 

I.e. travel (health) insurances are cheap compared to regular contracts. Why? Because they cover a lot less, and for a limited time, and under limited conditions (i.e. maybe no motorcycle use, dangerous sports, etc.). 

[mfd101]

In short, sensible people read the fine print and make sure they understand what and how BEFORE they hop on that motorbike or fall down the stairs drunk.

[brianthainess]

23 minutes ago, georgegeorgia said:

You don't take out travel insurance?

I guess it's not only medical reasons though 

It covers you ... supposedly...for public liability too ,so if your negligence in a accident your covered they say 

I have number 2 car insurance, not sure how else I could cause an accident, unless a condom breaks 

[georgegeorgia]

20 minutes ago, OneMoreFarang said:

ots of "small print" and regulations. Most people don't bother looking at those details and then they are surprised when the insurance does not pay what they thought the insurance should pay.

Absolutely!

[Fat is a type of crazy]

33 minutes ago, georgegeorgia said:

That's a difficult one because you have to be in Australia to use the medical services (private health insurance Australia)

 

You may never need it and it's expensive, the question is ,why do you need it ?

 

If you say do get cancer in Thailand or wherever you are , you can come back to Australia and use the free  public health system,

ok the public health system is not the best but at least your saving that $150 a month or whatever your paying in private health insurance when you probably won't need it 

Fair point. The problem is that they have that rule in Australia where if you are over 30 and you don't get health insurance the premiums go up by 2 per cent each year. I haven't look that much into it but as far as I can tell if I stopped, then wanted to start later at say 60, I have to pay the going rate plus say 30 x 2 = 60 per cent extra. When you are over 60 you are most likely to need it most. The other thing is I have an old plan that is a bit better than the latest ones in terms of coverage and price so if starting a fresh they are a fair bit more expensive too.. 

[georgegeorgia]

I remember a few years ago there was a farang company in Pattaya offering insurance in case you got arrested, are they still around?

I didn't think it was that easy to start a insurance company in Thailand?

Haven't you got to be underwriting by a big company?

Edited December 31, 2023 by georgegeorgia

[Liverpool Lou]

26 minutes ago, OneMoreFarang said:

 

Insurance contracts have lots of "small print" and regulations.

No they do not, insurance policies have "policy conditions" that are, by law, not in small print.   Anyone who does not check them and then expects any/every claim to be paid out automatically is just daft.