On 12/11/2012 19:45, geoff wrote:
In message , tim.....
writes


Just like most people don't realise that an "annual" multi-trip
travel
insurance policy doesn't cover you for one 12 month long trip (or
even
one 3 month long one).


My philosophy is to only insure what you can't afford to lose

the trend is to get people to over insure them selves for every
possibility

In all my years of travel and expatmanship, basic bricks and mortar
insurance was all I needed. As for travel insurance - for what for
extended trips ? health insurance, the couple of times I've needed
medical attention (10 stitches in my arm when I impaled myself on a
fence) the cost didn't even exceed the policy excess

If I were to have died ? past caring

As for drain insurance, insurance that covers your radiators etc -
money
for old rope for the insurers


Can't afford to replace the house but happy to carry a 4 figure excess.
Can't afford £20,000 to repatriate one of us if we have a nasty
accident.
EHIC covers emergency treatment but not ongoing costs if you end up
in a long term coma.
Again I am happy to carry hefty excesses but not to carry the small
catastrophe risk.

exactly

If you think this proves your point, then you mis-understand


Where did I say that ?

I would agree that I have been underinsured at times, but I'm a firm
believer in only insuring that which I cannot afford to replace or pay
out for

As I have already said - I would go with that. However I worked for an
insurance company for 36 years and unless lots of people buy lots of
insurance how is the commpany going to top up the pension fund?
If I can't afford to own a house in the UK and rent in Spain my question
would not exist, the thread would not exist and the whole NG structure
might collapse.