Usual disclaimer. I am not a financial adviser. Go find someone who is qualified AND ETHICAL to take advice from.
In case you’ve been living under a particularly sexy rock, you might have noticed a mere global pandemic called COVID-19. Well, turns out insurers want to keep their hands on money instead of covering people. I know, who would have thought?!
Hey Insurance, This Is Why No One Likes You
The thing is (#NotAScientist) that this is a new virus and that the downside to peer-reviewed science is that it’s kinda slow. Which seems to by why insurers are making up* things about who to cover. Why am I saying they are making things up? Well, see below…
*Yes, insurers use statistics. But a) statistics can be twisted to imply what you want which means b) I don’t trust their use in a commercial enterprise and c) I have undergrad in anthropology and postgrad in sociology so I am strongly biased towards qualitative data.
However, at this stage, there’s no evidence to indicate that people with asthma — even those with severe asthma — are more prone than others to becoming seriously ill with a COVID-19 infection, said Jo Douglass, an asthma and allergy expert from the University of Melbourne and the Royal Melbourne Hospital.
Last month, TAL said it had added the exclusion clause to a “very small number” of new policies and it could be applied to more customers who had “recently travelled abroad, or are showing symptoms of COVID-19, or are in high-risk groups”.
It is understood the high-risk groups affected included doctors who could be exposed to the virus, as well as people aged over 50, asthmatics, smokers and people with other pre-existing respiratory illnesses.
So if there’s no evidence (partially because science takes time), then I think it’s quite reasonable to say insurers are making stuff up.
This is an infuriating example of why half the time I feel like I wasted my time getting insurances set up. I have zero faith that if I ever needed them, that they would pay out. But I also feel that in my personal situation (sole income earner) it’s too risky to not have them.
There’s no real point to this post. I have no question to ask. I don’t expect feedback. I just read those two articles and the stupidity combined with my “am I wasting money having insurance” blew up into an irritation point.