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These insurance underwriters seem like fun folks. While reading the fine print of my credit card insurance I noticed my purchases were covered from damages from
by rtourn 5y ago
These insurance underwriters seem like fun folks. While reading the fine print of my credit card insurance I noticed my purchases were covered from damages from "aircraft, spacecraft, or other vehicles".
- RyJones 5y agoHave you taken time to give a close reading to the ICD-10[0]? 0: https://news.ycombinator.com/item?id=29642489 https://news.ycombinator.com/item?id=29642489
- chrisseaton 5y agoProbably every single word is there due to a particular legal precedent or carefully calculated risk.
- dragonwriter 5y ago> Probably every single word is there due to a particular legal precedent or carefully calculated risk. Or, possibly, just a recognized incalculable risk. The frequency of natural impacts is known and not expected to be subject to rapid change; the frequency of impacts by manmade objects doesn't really have a long history of constant conditions or conditions that are not subject to change over the life of the contract.
- d1sxeyes 5y agoAlso, a man-made item crashing into your house is not really an accident - it's negligence. Someone other than your insurance company should be compensating you (probably the owner of the satellite, potentially the third party who knocked it out of the sky).
- dragonwriter 5y ago> Also, a man-made item crashing into your house is not really an accident - it's negligence. Someone other than your insurance company should be compensating you It's not uncommon for insurance to cover damages other people are responsible for (and in exchange assume you right to collect from those parties.) I mean, it's not like there isn't a human liable for theft, and that's a pretty common coverage in both homeowner's and renter’s policies.
- chrisseaton 5y agoAh right I never thought about that - it's about their ability to recover from a third party.
- frosted-flakes 5y agoThat's pretty much the only reason for auto insurance. Apart from wildlife enounters, most vehicle accidents have someone at fault.
- d1sxeyes 5y agoWell, I guess it depends on your coverage and country, but AFAIK in most countries the legal minimum is 3rd party insurance - which pays for repairs to other vehicles in collisions you caused.
- d1sxeyes 5y ago> I mean, it's not like there isn't a human liable for theft, and that's a pretty common coverage in both homeowner's and renter’s policies. Good point. I guess the logic is that a burglar is unlikely to be doing particularly well for themselves in life, and so may not be able to compensate you for your loss.
- anotheraccount9 5y agoMy house is insured if a natural object (e.g. meteorite) falls on it, but not artificial objects (this includes satellites).
- judge2020 5y agoI wonder how this would play out if an artificial object hit a natural object into the earth and it damaged your house, ie. [0]. 0: https://www.nytimes.com/2021/11/24/science/nasa-dart-mission-asteroid.html https://www.nytimes.com/2021/11/24/science/nasa-dart-mission...
- nexuist 5y agoDude, Where's My Landsat?
- bjornsing 5y agoI remember reading the fine print for the first ever travel insurance I bought. It did not cover thermonuclear explosion.
- setr 5y agoThe AMEX car rental coverage specifically calls out “events based upon war, or acts of war (declared, or undeclared)” as not covered. Given that these clauses tend to arise from filed claims, I imagine someone attempted to use their car for a car-bombing, and then with a stroke of brilliance later tried to file an insurance claim. Interestingly, that clause also cancels the theft coverage — so if your car is stolen it’s covered, unless used to engage in an act of war.