Insurance companies won't loose as much as we think over Corona25 Jun 2020 18:05
Just thought I would put this out there as a thought.
We have just tried to claim on our L&G travel insurance policy and there is a little clause in it which states they don't cover pandemics, which basically means they won't pay us out (even though we purchased the top policy). All the while I was worried about my investments in insurance companies and losing significant money during this period. However, having just got off the phone with them, I may as well wipe my a**e with the legal and general policy which I have... as I will get more use out of it that way.
One thing is for certain, the new policies may not being purchased in the volume they were before Corona, but they certainly are not giving to much away on the other end either. I think that we may have less to fear than we imagine and they saved me a whole lot of money on travel insurance going forward as this is the second time I have been burned with them.