Natural disaters | Education homework help

 “Should there be national reform of natural disaster insurers? Support your argument using a common issue below.”

COMMON ISSUES:

When policyholders have disputes with their insurers, the insurance companies have a considerable advantage. Since the company’s lawyers wrote the policies they sell, they always contain loopholes that favor insurers and hurt policyholders. Some common issues include:

  • Flood Damage: Most insurance policies address flood losses in very narrow terms. For example, these policies usually exclude natural flood damage. So, insurance adjusters frequently conclude that flood damage was natural if there was heavy rain in the area, even if the evidence indicates otherwise.
  • Fire Damage: The collateral effects of a fire, mostly smoke and water, often cause more damage than the flames themselves. Once again, narrowly interpreted policy clauses often exclude such damage claims.
  • Storm Damage: Insurance companies notoriously look for the cheapest available fix. For example, adjusters often only approve roof patch jobs after a severe hailstorm when a new roof would be a much better solution.

Many insurance companies use events that affect hundreds or thousands of policyholders as an excuse to delay their investigations. The law does not allow this. Insurance companies must always live up to their legal and financial responsibilities.

When affected businesses filed interruption claims, insurance companies almost universally denied them. Depending on one’s perspective, these denials either kept insurance companies financially afloat during a difficult time or made the economic catastrophe even worse for small businesses. 

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more