No. they are not failing.
Posted on: March 8, 2017 at 09:57:53 CT
Spanky KU
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In the world of insurance, rates are based on RISK not income.
In your example, you likely pay less than a high risk driver (one with multiple moving violations or wrecks) You don't pay based on your income or 'ability to pay'.
You also cannot buy a car with a wrecked front quarter panel and then submit an insurance claim for the damage that was there when you bought the car.
HC insurance should be the same way.. High risk habits? Are you a smoker? pay more. Are you a drinker? pay more. ARe you obese? pay more. Do you have a chronic condition? pay more. Are you healthy? pay less.