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Thread ID: 67577	2006-03-31 10:52:00	Insurance for the unexpected...	Caesius (3758)	PC World Chat

Post ID	Timestamp	Content	User
442489	2006-03-31 10:52:00	Here's an extract from Tower's Insurance policy agreement, under the section "Things You Are Not Covered For" nuclear weapons material or ionising radiation or contamination by radio- activity from any nuclear waste or from the combustion of nuclear fuel, including any self-sustaining process of nuclear fission or fusion; and just to cover all possible scenarios: war, invasion, act of foreign enemy, hostilities or war-like operations (whether war be declared or not), civil war, mutiny, civil commotion assuming the proportions of or amounting to a popular rising, military rising, insur rection, rebellion, revolution, military or usurped power, or any act of any person or persons acting on behalf of or in connection with any organisation the objects of which are to include the overthrowing or influencing of any de jure or de facto government by terrorism or by any violent means.	Caesius (3758)
442490	2006-03-31 11:03:00	these have been added only due to recent happenings.... 9/11....fiji coup....iraq....all these things.. not much left to be covered for soon...	csinclair83 (200)
442491	2006-03-31 11:25:00	Then whats the bleeding point of having insurance if they won't cover you? :rolleyes:	bob_doe_nz (92)
442492	2006-03-31 12:31:00	Then whats the bleeding point of having insurance if they won't cover you? :rolleyes: For all the other normal sudden and accidental events you do have cover for? Those exclusions are standard with all standard domestic and commercial insurance policies. I can't imagine any insurer could survive financially if they paid out war damages, and nowdays nuclear damage could be part of war damages. EQC (formed in 1945) used to cover war damages but they dropped that part of the cover and included other natural disasters instead. Cover generally adjusts for the times, like Chris said, terrorism clauses became more defined and specific following 9/11, and all policies in the late 90's included some form of data loss or machinery malfunction exclusions in preparation for the Y2K 'threat'. You don't have to have insurance of course, instead have a commitment to replace or repair your own property and to pay direct whoever you cause financial dispair. Deep pockets is generally a prerequisite! PS Hey Bob, your Shut Down program's awesome by the way!	Jester (13)
442493	2006-03-31 20:57:00	Heres another one: If you have particle board floors and your hot water cylinder got old and started to leak, and you noticed only after it had been dripping for a few weeks, you are not covered by Tower. My husband changed one for this poor guy, his floor was history and he had to get the builders in too. Towers policy is you should notice immediately. I mean if he had, then the floor wouldn't have been a problem would it? Tower is the worst insurance company ever.	pctek (84)
442494	2006-03-31 21:03:00	Tower is the worst insurance company ever.I suppose it comes down to who you talk to and how their day is going - we've found Tower to be fantastic the (thankfully few) times we've had to talk to them :D Mike.	Mike (15)
442495	2006-03-31 23:20:00	I looked into life cover recently I got AMP. Becos all company's are about the same. Tower I was advised have premiums as a 5yr step style that is each 5 yr it may rise given you are older etc. There are some which is a locked premium so when bought young you pay more but in some yrs it should breakeven and then after that locked is cheaper than yearly stepped premiums or 5 yearly rates etc. Many have locked rates to age 80yrs or 65yrs. I got a policy that was locked to 100yrs old and after that they will refund all you paid if you didn't have to need a payout sum. Becos once you hit 81yrs old if you had a 80yr locked plan, it rate goes bananas. For myself asking for a $300k cover I think, 80yrs old on locked it can be like $300nz I think each yr, once you hit 81yrs old it can be $20k a yr just on premiums and then if you get to 82yrs old, it takes another jump.	Nomad (952)
442496	2006-03-31 23:47:00	I reckon if you have the money to cover yourself just take out third party insurance and invest what you would normaly pay in a special account and watch it grow and if you don't use it you end up with a nice sum. After all this is basically what insurance companies are doing but taking their cut as well.	mikebartnz (21)
442497	2006-04-01 05:15:00	I suppose it comes down to who you talk to and how their day is going - we've found Tower to be fantastic the (thankfully few) times we've had to talk to them :D Mike. Talk to them or CLAIM from them?	pctek (84)
442498	2006-04-01 10:50:00	I got a policy that was locked to 100yrs old and after that they will refund all you paid if you didn't have to need a payout sum . My thinking is that if you reach 100 you'll be too knackered to do anything with the money :D Pretty safe bet for the insurance co that you'll have a claim before then as well . . . less possibility of ionising radiation attack, but I'd stock up on tinfoil for the windows if I were you	Shortcircuit (1666)
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