Mick Jagger Insurance Plan Not So Good

[in a mo]

Unbelievable The Rolling Stones insurance company have refused to pay out when he cancelled concerts due to the death of his partner,they we claiming £12 million.Should this be part of an insurance claim ,how can anyone decide, how long they need off to grieve,In this case he didn't even go home to where she died .

[2sp_]

I understand that they are refusing to pay out as it was a suicide, and as such not covered by the policy.

[buildersmate]

No, they appear to be refusing to pay out because the lady may have had a pre-condition making her more liable to suicide, which thus should have been disclosed. Had she died in an accident it wouldn't have been an issue.

[janbee]

Should've gone with Parky and his free pen.

[PankySmooch]

You can't always get what you want

[Buenchico]

I'm reminded of a survey carried out a few years ago when insurance companies refused to pay out (for a variety of reasons relating to breaches of their contractual terms) to householders affected by flooding in Wales. Nearly everyone questioned indicated that it was disgusting that the insurance companies were 'hiding behind their small print' and refusing to pay out. Then the survey was repeated but including the fact that 'ex gratia' payouts by the insurance companies would inevitably result in increased premiums for everyone else. Suddenly the responses changed, with hardly anyone wanting the insurers to pay out!

The 'small print' does, indeed, protect the insurance company's profits but it also protects their other customers against higher premiums. If the relevant conditions for paying out haven't been met, I support the insurer's decision not to pay out.