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Insurance companies not paying out for coronavirus 05:20 - Mar 16 with 1147 viewsallezlesbleus

I have just been reading up on Business Interruption insurance and it appears that if the UK goes on lockdown, like many other countries, Business Interruption Insurance WON'T pay out to businesses who are forced to close.
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Insurance companies not paying out for coronavirus on 06:45 - Mar 16 with 1028 viewsBanksterDebtSlave

Fancy!

"They break our legs and tell us to be grateful when they offer us crutches."
Poll: If the choice is Moore or no more.

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Insurance companies not paying out for coronavirus on 07:55 - Mar 16 with 930 viewsBloomBlue

Didnt those businesses tick the optional extra box for pandemic cover?
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Insurance companies not paying out for coronavirus on 07:57 - Mar 16 with 922 viewsHorseboy

Insurance companies not paying out for coronavirus on 07:55 - Mar 16 by BloomBlue

Didnt those businesses tick the optional extra box for pandemic cover?


Force Majeure
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Insurance companies not paying out for coronavirus on 08:46 - Mar 16 with 872 viewsSwansea_Blue

Insurance companies not paying out for coronavirus on 07:57 - Mar 16 by Horseboy

Force Majeure


Balls, wrong thread!
[Post edited 16 Mar 2020 8:47]

Poll: Do you think Pert is key to all of this?

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Insurance companies not paying out for coronavirus on 08:49 - Mar 16 with 858 viewsNo9

Now there's a surprise (not)
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Insurance companies not paying out for coronavirus on 09:06 - Mar 16 with 830 viewsStokieBlue

Insurance companies not paying out for coronavirus on 07:57 - Mar 16 by Horseboy

Force Majeure


They will inevitably try that and it will be challenged in court. It will be down to the specific wording of each contract.

I suspect the government might have a few things to say about it as well.

SB

Avatar - IC410 - Tadpoles Nebula

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Insurance companies not paying out for coronavirus on 09:17 - Mar 16 with 796 viewsNo9

Insurance companies not paying out for coronavirus on 09:06 - Mar 16 by StokieBlue

They will inevitably try that and it will be challenged in court. It will be down to the specific wording of each contract.

I suspect the government might have a few things to say about it as well.

SB


The government has already said it hasn't it?
It seems obvious to me that is what, at least in part, the support for business means.
To be candid many of the Insurance 'products' in the UK aren't worth the paper they are written on which is why when you take out insurance for projects the negotiaiotns fit cover can take a long while and include the input from lawyers.
Insurance is another thing that needs urgent changes
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Insurance companies not paying out for coronavirus on 09:20 - Mar 16 with 789 viewsBanksterDebtSlave

Insurance companies not paying out for coronavirus on 08:49 - Mar 16 by No9

Now there's a surprise (not)


And strangely the tax payer has just bailed out the financial sector again and people have barely noticed......$700 BILLION of mortgage backed securities!!!

"They break our legs and tell us to be grateful when they offer us crutches."
Poll: If the choice is Moore or no more.

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Insurance companies not paying out for coronavirus on 09:23 - Mar 16 with 774 viewsNo9

Insurance companies not paying out for coronavirus on 09:20 - Mar 16 by BanksterDebtSlave

And strangely the tax payer has just bailed out the financial sector again and people have barely noticed......$700 BILLION of mortgage backed securities!!!


The amount of taxpayers money going to support the various 'private' industries asking for taxpayer support makes the costs of 're-nationalisation' - a freebie

& how many fo those industries / companies are foreign owned e.g. British Airways & Heathrow
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