Insurance gobbledygook
We saw this clause in a life insurance policy the other day and we simply had to share it.
“If You don’t pay the premium when due, or the premium deduction from your account can’t be made, then if the unpaid premium was the first premium, the Policy will not operate at all, or if the unpaid premium was a premium other than the first premium, We will allow 30 days from the due date to make this payment. If We have not received payment by this time, We will send You a notice telling You that We will cancel Your Policy if the premium then due is not paid by the date shown in the notice. This date will be at least 28 days from the date of the giving of this notice. If You do not pay the premium by that date We will cancel the Policy and the insurance cover stops.”
Anyone who can make sense of it, we’d appreciate a translation…
Dominic said,
December 6, 2007 @ 1:35 pm
This is pretty simple. The capital letters are confusing, but I gather that’s because those words have earlier definitions in the document. Here’s a translation:
- If you don’t pay your first premium, you’re not covered.
- If you don’t pay some other premium:
– We’ll give you 30 days to pay, then a notice, then another 28 days (possibly more), after which you’re not covered.
Ed said,
December 6, 2007 @ 10:18 pm
Top marks for that Dominic.
So… if you could write it so clearly and simply… why couldn’t they?
Thanks for that!
liz said,
December 12, 2007 @ 11:16 am
Because they are an insurance company and while they are good with numbers they aren’t so good with the English language.