tag:blogger.com,1999:blog-2830084253401570472.post2607694236692810388..comments2024-03-28T09:22:36.967+13:00Comments on Offsetting Behaviour: These are the people in my neighbourhoodEric Cramptonhttp://www.blogger.com/profile/15831696523324469713noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2830084253401570472.post-84048073972833595562014-02-15T11:37:37.921+13:002014-02-15T11:37:37.921+13:00I expect it would cost more because I hope they wo...I expect it would cost more because I hope they would actually pay out on claims instead of being a Ponzi scheme.Eric Cramptonhttp://offsettingbehaviour.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-71279364018067361972014-02-15T11:05:15.553+13:002014-02-15T11:05:15.553+13:00Mr Eric.
I have posted a reply to your letter on ...Mr Eric.<br /><br />I have posted a reply to your letter on my web site about the EQC shambles.<br />If I post here from a big word file things fall all over the place<br /><br />http://paulscottstories.blogspot.co.nzlolitas brothernoreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-89583704414251526262014-02-14T14:04:46.440+13:002014-02-14T14:04:46.440+13:00Interested in your rationale as to why your propos...Interested in your rationale as to why your proposed "deal with your insurer, they invoice EQC" scenario would be more expensive. Seems to me that in the current scenario both EQC and your insurer deal with you, which is duplication. In your proposed solution only one of them deals with you, removing some workload. That would perhaps more than offset the cost of auditing?<br /><br /><br />Even if we focus only on the cost of assessing, then it's only more expensive if we think that EQCs slow and unweildy processes are cheaper than doing it quickly. Given that EQC are a monopoly and insurance companies are not, there's reason to think the insurance companies might do it more cheaply.<br /><br /><br />Either way, I'd argue the EQC portion of the cost would reduce, even with the addition of audits. I doubt the insurers would put up their premiums for what they see as an infrequent occurrence.<br /><br /><br />Finally, there is a possibility that more or higher claims would be paid out when the insurer is assessing. But the suggested audit regime should mostly address that, and I'd guess that the current EQC regime has a substantial error rate as well.PaulLhttp://Technpol.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-2830084253401570472.post-17612470600171572014-02-14T13:52:34.006+13:002014-02-14T13:52:34.006+13:00Excellent post. Well said.Excellent post. Well said.VMCnoreply@blogger.com