EDITOR, The Tribune.
For decades, Bahamians have been shafted by banks, and insurance companies, This past Hurricane Matthew was the straw that broke the camel’s back.
Hurricane Matthew was an unusual act of nature that caused the earth to literally vomit on itself. The anger that was portrayed during the surges that belched large volumes of water from the south showed just how angry Mother Nature was.
Many families felt the wrath full blast. The helpless feeling that many experienced have been compounded when the water subsided and the all clear was given, but it was not clear at all.
The overcast conditions stayed through the vicious, cold and callous behaviour of the glutton insurance companies.
I have been insured with a well known insurance company on the Collins Avenue Hill, paying as much as almost four thousand dollars per year for almost 20 years. Always paid on time and never had to claim. But Matthew forced us to seek help because of some roof damage.
After several weeks elapsed, a young gentleman from England came knocking on my door claiming to be an adjuster. We welcomed him into our home, and were happy to see him, anticipating some relief. He, with a fine tooth comb, went over the damage.
But nothing could prepare us for the horror. He said that we had $20,000 worth of damage, but because of the company policies we could only get $4000 after the deductibles. In my opinion these people are worse than Al Capone.
The highway robbery, with a neck tie on, must stop. No company should be allowed to rape the people, with a rotting wooden light pole loaded with red ants.
Our young sons, who make a bad judgment, are chased through the bushes like dogs for shop lifting, but we call it good business practices when insurance companies and banks, without a gun, rob us blind.
Some insurance companies in The Bahamas could care less how the people feel, they only want to suck them dry. They are heartless and have caused many who had setbacks to now feel the suffocation.
It is time to reel in insurance companies and stop them dead in their tracks from fleecing the people.
IVOINE W. INGRAHAM
Nassau,
December 1, 2016.
Comments
ohdrap4 7 years, 4 months ago
I had roof damage from hurricane frances and jeanne that hit within a week of each other, or something like that.
back then i was told that two deductibles applied, so i would get nothing.
that was the last year i kept hurricane insurance, now i just keep fire and theft, and luckily do not have a mortgage.
i also dropped health insurance more than ten years ago. it was not my own illness that caused it, but that of a coworker. faced with a high bill, and after deductibles, she said the same thing you just said, that she had paid health insurance fro 25+ years and never claimed, and now that they paid something , they increased her premium to recoup their pay out. the insurance man told her: Insurance is not an ASU.
Well, since that is the case, I will save my money nd pay for medical care out of pocket.
if you had put the 4,000 a year into an ASu for five years, you would have money to pay for the roof
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