Quote:
Originally posted by DeltAlum
Max,
Insurance is pretty much like anything else.
For instance, if you buy a new car, you get a warranty. If you make unauthorized changes, you void the warranty and the company or dealership won't honor it anymore.
If you have too many moving violations or accidents, an insurance company will cancel car insurance your policy.
If an insurance company sets up certain restrictions and you ignore them, it is the right of the company to void your policy.
High on the list of things that void a policy is breaking the law.
I think that's pretty easy to understand.
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I do understand it.
If a chapter lives in a house and the house is insured why would that chapter buy an additional policy through their nationals if the second policy does NOT offer any additional coverage? A standard policy will cover the run of the mill accidents, such as a fire or a kid slipping on a banana peel.
DeltaAlum. What additional coverage, if any will a chapter get from a policy through their national?