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Legal Needs [This Network is not currently active and cannot accept new posts] | | Topics
Insurance LawViews: 111
Nov 25, 2008 1:50 am Insurance Law
7 Th Thinking Hat When you buy air ticket they prompt you to buy travel insurance also. I did buy insurance, with all innocence. Later I happened to cancel the ticket, several days before the date of journey. The ticketing company made their refund as agreed. But the insurance premium they colleted on behalf of the insurance company was gone! When contracted, they point then finger to the insurance company. When you contact the insurance company,they curtly say that the premium is non refundable. (Dummy,why did you not read the fine print?)

But the point is when the contract (of travel) ceases to exist, the risk also ceases. How a non exsistent risk can be insured? When I bought the ticket it was a composit contract of travel-cum-insurnce.Then why insurance fee cannot be refunded?

Are not the insurance companies cheating, however lawful the fine print may be?

Private Reply to 7 Th Thinking Hat (new win)

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