From Flu Wiki 2

Forum: Pandemic Insurance

10 October 2006

jt – at 16:39

Anyone know of any insurance companies that will insure against lost income for a business due to a pandemic? My business is in restaurants and don’t expect they will be open during that time.

Bronco Bill – at 16:53

jt – at 16:39 --- I can’t find any companies that cover business losses due directly to a pandemic, but a lot of small business insurers will provide “loss of business continuity” insurance. For a fee, of course. Call a few of them and ask what it covers…such as “loss of customer base” or “required closure due to quarantines”.

Madamspinner – at 22:31

Personally, when TSHTF- I’d expect any and all insurance companies to declare the BF is an “act of God” , refuse to pay and go belly up. Not a good thing.

12 October 2006

jt – at 12:32

True, I heard back from my insurance company-Nationwide and they said they would not cover loss of income due to a pandemic and doubted anyone else would.

anonymous – at 13:09

tell your insurance, that they can sell mortality bonds to convert the risk to the market.

anonymous – at 13:09

to transfer, not to convert.

Thom – at 13:24

Would mortgage protection insurance be the way to go? If the biggest issue were ensuring that your mortgage was taken care of so you would would not lose your home? I would think that taking by taking out a 5 year policy would not be that expensive, something that will cover the mortgage payments if your were unable to work or pay a identified lump sum to your family if you joined the roles of the departed?

Anybody have any ideas?

anonymous – at 13:41

what, if the company where you have to pay your mortgage to, goes bankrupt ?

anonymous – at 13:42

as I remember, two Chinese companies did accept bird-flu insurance some years ago.

Oremus – at 14:09

Give me a million dollars, if panflu hits you get paid 1 billion. Payments will be made when the WHO has a sustained level 6 for 90 days.

Oh, I forgot to tell you; by 90 days you won’t be able to contact us, due to the power grid and internet being down, mail not running, and lack of staff; Even if you were able to contact us, currency would have no value, and the government will be non-existant to enforce any contracts.

Have a nice day.

LauraBat 14:15

Already travel insurance companies will not cover cancelled trips due to pandemics. You can be other types of insurers will follow suit if they think it could impact their bottom line.

13 October 2006

Fiddlerdave – at 01:33

If you buy the mortgage insurance policies against illness or death often offered on your home mortgage, the payment made, if you fall ill or die, is being made by a 3rd party insurance company, even if it has a similar name and is owned (most certainly as a separate entity) by your mortgage company. You can count on that 3rd party company to go out of business IMMEDIATELY when there is any indication they may pay out more than they take in. You will still owe your payments and your mortgage. Ain’t capitalism grand?

Closed - Bronco Bill29 December 2006, 11:38

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