OT - Insurers dropping Chinese drywall policies

Posted by N Morrison on October 18, 2009, 3:09 am

http://www.theplumber.com/theleaksgoon.html

Posted by terry on October 18, 2009, 9:42 am

> > > Insurers dropping Chinese drywall policies
> > > By BRIAN SKOLOFF, Associated Press Writer Brian Skoloff, Associated
> > > Press Writer
> > > Thu Oct 15, 2:10 pm ET

> > American Capitalism at its finest.
> > Buy the cheapest crap you can and charge the most you can for max profi=

> > Make sure it is not made in the USA where oversight and living wages
> > reduce your profit margin.

> =A0 =A0 =A0Capitalism at its finest. Give the customer exactly what they =

are

> willing pay for. That is why WalMart is making money and Macy's not so
> much.
> --
> An old friend once said "You don't live on the edge,
> you're taking up way too much space."
> =A0 =A0 =A0 =A0 =A0Scott Kirby "Lucky Enough"

Isn't that just typically NOT, Government for the people by the
people?

No matter how loud people yell 'Socialism' or some other label that
they don't really understand anyway, honest, uncorrupted, caring
governance is a political business that supposedly allows us to live
together in hopefully civilized societies.

The lack of that is painfully obvious in places such as Mexico
(Criminal gangs etc.) many places in Africa and elsewhere where war-
lords control local society etc.

Weak, incomplete, corrupt government allows a 'cowboy/gangster'
element consisting of paid lobbyists, industrial interests, organised
crime, to control government while ineffectively regulated financial
institutions and banking rip off the consumer (i.e. the people). And
ultimately we pay for all those mistakes by higher taxes and erosion
of our basic basic freedoms.

Blah, blah ..... and the pursuit of happiness etc.

Wake up; make government effective. One of the great weaknesses of so
called 'Capitalism' is that it can reward the few, far too
magnificently, while denying reasonable basic human needs to many.

Denying insurance coverage for something a citizen had no control over
is inhuman. But in between gross negligence such as driving while
impaired and causing death and inadvertent responsibility for
something minor, there will be in-between situations. Finding out
one's home has incorporated wall board now found to be smelly or even
health hazardous seems to hardly be the responsibility of the person
who now owns the home. Where were the import agencies, the building
standards, the inspection agencies, the mortgage or loan people who
authorized payments, the municipal authorities who issued an occupancy
permit, the insurance company who accepted the premium thereby ruling
the house was an 'Acceptable risk'?. Were they all incompetent and
unregulated? Hmm! Some better governemnt needed, eh?

No matter how much somebody yells 'Individual freedom'.

OK. If I was building a shack out in the boondocks, out of scrap, with
no running water and no electrcity and no services I would not expect
an insurance company to cover me and/or any inspector to check up on
my 'shed' next time I straightened a few used nails etc. But if
someone prudently builds or buys in a well regulated town or city
there should be effective governance and follow up on everything we
do. Then action for correcting a problem placed on those responsible.

Commercial corps. often do this in their own interest. A recent
example; my neighbour had deteriorating siding made from some sort of
cement product. He was required to complain through the supplier to
the manufacturer who visited and determined improper storage prior to
installation. My neighbour has or will receive compensation not only
for the material but also for the cost of labour/time (his own). Good
corporation that; stands behind it's product even though the errror
was by the local supplier representing that corporation.

Posted by on October 18, 2009, 11:45 am

On Sun, 18 Oct 2009 06:42:39 -0700 (PDT), terry

>Denying insurance coverage for something a citizen had no control over
>is inhuman. But in between gross negligence such as driving while
>impaired and causing death and inadvertent responsibility for
>something minor, there will be in-between situations. Finding out
>one's home has incorporated wall board now found to be smelly or even
>health hazardous seems to hardly be the responsibility of the person
>who now owns the home. Where were the import agencies, the building
>standards, the inspection agencies, the mortgage or loan people who
>authorized payments, the municipal authorities who issued an occupancy
>permit, the insurance company who accepted the premium thereby ruling
>the house was an 'Acceptable risk'?. Were they all incompetent and
>unregulated? Hmm! Some better governemnt needed, eh?

The fact still remains that the scope of the home owners's policy does
not include builder's errors. If they wanted a guarantee that the
builder would not have made any errors or used defective materials
they should have bought a rider that said it covered that.
This is as silly as putting in an insurance claim because your "30
year" shingles only lasted 20 years or trying to get an auto insurer
to pay for your bad transmission..

Posted by Douglas Johnson on October 18, 2009, 6:17 pm

>Denying insurance coverage for something a citizen had no control over
>is inhuman.

You had better go read your insurance policies in detail. You are seriously
confused about what they do. -- Doug

Posted by Bill McKee on October 18, 2009, 7:07 pm

>>Denying insurance coverage for something a citizen had no control over
>>is inhuman.

> You had better go read your insurance policies in detail. You are
> seriously
> confused about what they do. -- Doug

Why would you expect insurance to fix constuction problems? Replace my
stove because it was lemon? Pay to paint the house, as the weather
destroyed the paint after 15 years? You want insurance for bad
construction, you are going to have to pay for a policy for that. Not a
normal policy that covers accidents. Sue the builder and supplier and the
company that made the sheetrock.

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OT - Insurers dropping Chinese drywall policies - Page 13