4 ms·

I can see why it might be free for a conventional policy, but surely it can't be free for an arbitrarily large policy? An interesting case of rounding working o

• Cthulhu_ 5y ago
  I do think large properties - stadiums, skyscrapers, etc - fall into their own weird category when it comes to insurance. I mean, what happened with the twin towers and the other affected buildings, not to mention the tens of thousands of people that died or were injured as a consequence, in terms of insurance?
  • yakshaving_jgt 5y ago
    IIRC, this turned into a large and complicated reinsurance claim case because they couldn't work out if the second plane hitting counted as a separate event, or if both planes should be counted as the same attack. This made a big difference in terms of who should pay whom, and what amount.
    • sumedh 5y ago
      > if both planes should be counted as the same attack. Why would it be counted as a same attack, two planes hit two seperate buildings so they are two separate events.
      • yakshaving_jgt 5y ago
        Why (or indeed why not) it would be counted as the same attack is exactly the point of the case I described.