High-end insurers spend a good deal of time counseling their wealthier clients on how to protect their homes.
To cover the discrepancy, Chartis and other high-end insurers offer inflation adjustment coverage, usually up to 150 percent of an item's value — which is substantial, but would not have covered the pink diamond.
The magazine noted, "Chubb markets itself as a high-end insurer, with premiums to match".
He said Democrats would cast them as opponents of ending insurer discrimination against people with pre-existing health conditions, a message that has tested well in polling.
Similarly, a spokeswoman for the Fireman's Fund, a high-end insurer, said that the costs associated with bedbugs (she cited getting a new mattress) were not a covered loss under homeowners' policies.
The law, enacted last year by a Democratic Congress and signed in March by President Obama, aims to cover 32 million uninsured Americans by ending insurer discrimination against those with pre-existing health conditions and by providing government subsidies to make coverage affordable.
Add to the list of tasks not done in Albany ("At Taxpayers' Expense," editorial, "Fixing Albany" series, Aug. 22) the failure to pass Timothy's Law, a bill that would end health insurers' discrimination against the mentally ill.
Add to the list of tasks not done in Albany ("At Taxpayers' Expense," editorial, Aug. 22) the failure to pass Timothy's Law, a bill that would end health insurers' discrimination against the mentally ill.
You spend all the money and have nothing at the end" when insurers won't pay for it, he says.
In the end, many insurers obtained relatively minor discounts, but had to cover the drug anyway.
