Gamblers are Notorious Liars

It just depends. For example - life insurance. It's well known that you may put whatever on the application, lie your "arse" off and check the box about being disease free even if you are dying of cancer, and if they bind you and two years elapse you are home free and they must pay no matter what, even for suicide. There are just certain areas of the law where what is a legal decision and what is a business decision are sometimes two different things. And that's why lawyers who have no business experience are often not equipped to deal with the real world.

Everything is commercial. We have liability with Swantner /Higginbotham. They covered 3 stolen 5 ton condensers stolen on one day. The next time they refused. Windstorm insurance also refused when rooftop condenser blew over during a hurricane. I know that stolen is covered because the president of the corp told me that he was upset bc a local clothing store claimed 18k of stolen clothe during a burglary

I have not heard of commercial insurance on equipment. But most times the insurance is higher than the avg pay out. Which is why they make money. The equipment is either too new or very old. I kept the condenser and replaced the capacitor box, compressor, evap.

I usually invest in inusrance when it is catastrphic insurance like liability for lawsuits and medical for surgery/cancer. I pick the highest deductible. Because I can afford the risk of emergengy room visits. I broke even with 3 hospital visits last year compared to buying premium insurance.

https://www.youtube.com/watch?v=fvllwSQpqzQ&t=7s

Another factor is the corruption of insurance co. Many chiroprators are not accepting insurance. Because Medical Insurance are not honoring their contract. Also, car insurance are subjective. My mom was rear ended. Both insurance agreed it was the other parites fault The other insurance said why don't you just let my mom's insurance pay. Which is what happened without our permission.

https://www.youtube.com/watch?v=fvllwSQpqzQ&t=7s

Oh commercial. When you said "walk in freezer" yes I was thinking commercial too (like the walk in freezer where Sonny planned to store the mink coats in Goodfellas), but who knows, so I thought maybe you have a huge walk in freezer at home. 😇

Commercial is a different animal and one year to wait for new major claims is too long to be without a freezer. Also as you point out there really isn't an equivalent to home warranty insurance for commercial that fixes everything (that is covered) pretty much no questions asked once you pay the $75. deductible. Under the circumstances you did a good job and the right thing.

Quote: MDawg

Are you saying that you're shocked, shocked! And all I asked was, "Why didn't you?..."

Shocked? No not shocked.
Mildly surprised that an upstanding citizen like yourself seemed to be advocating such an act of what I understand to be fraud. Out of character: unusual: incredible.

True you didn't say "You should have...", which would have been outrageous, but the implication was pretty clear to me. Do you really think my interpretation is inappropriate?
Or maybe you were implying that you were surprised that member jjjoooggg hadn't tried to cheat on his insurance?

Quote:

By the way, are you saying that I am not a lawyer? I'll ask you once again clearly.

I'd better reply clearly: No! I can't recall ever saying that. You do claim to be one don't you? Good enough for me.

And I didn't call you a fraud either, for that matter. I might call a hypothetical person who actually deceives an insurance company for monetary gain 'a fraud', or is the term fraudster? Or is it acceptable behaviour in the US?

Quote: MDawg

It just depends. For example - life insurance. It's well known that you may put whatever on the application, lie your "arse" off and check the box about being disease free even if you are dying of cancer, and if they bind you and two years elapse you are home free and they must pay no matter what, even for suicide. There are just certain areas of the law where what is a legal decision and what is a business decision are sometimes two different things. And that's why lawyers who have no business experience are often not equipped to deal with the real world.

This reminds me of an unusual 'Insurance after the event' situation that isn't fraud:-
A popular automobile* breakdown service in the UK allows you to take out a new breakdown cover membership even if you are already broken down and stuck at the side of the road. A neat business decision by what is in effect an insurer.

https://www.theaa.com/breakdown-cover/instant-cover

Quote:

Don't have cover with us?
You can join the AA now. Call 0800 88 77 66 and we’ll come and rescue you today.

We'll provide instant cover for anyone broken down in the UK who's not already with us. Just so you know, you can’t buy cover online if you’ve already broken down – so please call instead and we'll help you.

Our dedicated mobile mechanics will fix your vehicle by the roadside or, if necessary, tow you to a nearby garage.

*I'm practicing my 'simplified English'

As mentioned, for example in the life insurance context, there are...shall we say, shades of gray (in your case Once Dear, grey).

Faking your own death, double indemnity plots, forgery, those should be avoided of course and may result in criminal prosecution. Lying or making a mistake on the life insurance application is not to be condoned, but the worst that might happen there in almost all cases is the application is denied or the payout denied within the first two years. And if the insurance company binds the policy, for whatever reason: come two years and nothing matters as far as errors or omissions on the application. So...lawyer wise the official advice might be don't make any mistakes on your life insurance application. Businessman wise, the advice might be, "unless you think they won't find out" because making a risk/benefit analysis, the benefit MIGHT in some cases outweigh the risk.

As a lawyer, I am not allowed to let a client go on the stand and utter something that I know to be false. But if I do not know for a fact that whatever he plans to say is false, then I cannot stop my client from uttering it before the court, assuming I decide that it is in his interests to testify to begin with.

Quote: OnceDear

Shocked? No not shocked.
Mildly surprised that an upstanding citizen like yourself seemed to be advocating such an act of what I understand to be fraud. Out of character: unusual: incredible.

True you didn't say "You should have...", which would have been outrageous, but the implication was pretty clear to me. Do you really think my interpretation is inappropriate?
Or maybe you were implying that you were surprised that member jjjoooggg hadn't tried to cheat on his insurance?

I'd better reply clearly: No! I can't recall ever saying that. You do claim to be one don't you? Good enough for me.

And I didn't call you a fraud either, for that matter. I might call a hypothetical person who actually deceives an insurance company for monetary gain 'a fraud', or is the term fraudster? Or is it acceptable behaviour in the US?

Tsk, tsk, OnceDear. Disparaging the U.S., land of the free (or what we can get for free) and home of the brave (tolerating various podiatrical ailments takes courage) for our behavior is a POLITICAL STATEMENT.

Shame, shame. What American would deceive an insurance company or a loaner bank for monetary gain? That kind of despicable behavior would be immediately called out from the top down. You'd be banned -- from running for office, from civil life, from posting on gentle forums.

But I digress.

this post is not meant to prove my point because one person doesn't prove anything
still, it's interesting (to me anyway)

Lawrence Revere is a legend of blackjack
his book "Playing Blackjack as a Business" is highly regarded and many would call it a classic

the following is a quote about the other side of Revere - I'm providing a link - I've heard this before about him in a couple of different places, but I can't currently find any other links
I do believe this to be basically true


"Revere was a genuine Las Vegas card shark. A hustler who traveled under many names: Griffith K. Owens, Leonard Parsons, Specs Parsons, and Lawrence Revere were various personas of the same man. It is said that Revere made more money from teaching card counting than from playing blackjack. He allegedly would remove a card from the deck causing his students to come up with the wrong count, thereby ensuring they would pay for more blackjack card counting lessons. It is also alleged that the casinos paid him to point out his own students."







http://www.gypsyware.com/blackjackMen.html




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Quote: lilredrooster

this post is not meant to prove my point because one person doesn't prove anything
still, it's interesting (to me anyway)

Lawrence Revere is a legend of blackjack
his book "Playing Blackjack as a Business" is highly regarded and many would call it a classic

the following is a quote about the other side of Revere - I'm providing a link - I've heard this before about him in a couple of different places, but I can't currently find any other links
I do believe this to be basically true


"Revere was a genuine Las Vegas card shark. A hustler who traveled under many names: Griffith K. Owens, Leonard Parsons, Specs Parsons, and Lawrence Revere were various personas of the same man. It is said that Revere made more money from teaching card counting than from playing blackjack. He allegedly would remove a card from the deck causing his students to come up with the wrong count, thereby ensuring they would pay for more blackjack card counting lessons. It is also alleged that the casinos paid him to point out his own students."







http://www.gypsyware.com/blackjackMen.html




*

Obviously way before my time. The stories are well known. And "hustler" seems like a good word. But I have to wonder about that quote that he made more money teaching card counting than playing. I mean the guy lived in Las Vegas, at a time when card counting wasn't all that understood. A time of good games and conditions, dealt down to the last card (or near). You would think that through all those years, he made decent money card counting. I could see at the end, the last few years, maybe when he was too well know to get a game, he made more money teaching card counting.

There are guys still around that trained under revere. Norm Wattenberger and Don Schlesinger both took lessons from Revere, if I am not mistaken.

Quote: kewlj

But I have to wonder about that quote that he made more money teaching card counting than playing. I mean the guy lived in Las Vegas, at a time when card counting wasn't all that understood.

I’ve come to a point as it relates to gambling stories.....

"believe half of what you see and none of what you hear“....

I doubt one could convince students to return. its easy to learn counting in one day. Just need the strategy. I dont think there is enough students To make a living teaching

My AC teacher makes more teaching ac than repairing ac’s. 3k per student for 2 weeks. . Over 10 students. another school teaches 20 at one time. Classes always full

Quote: TDVegas

I’ve come to a point as it relates to gambling stories.....

"believe half of what you see and none of what you hear“....

I'm not referring to anyone specifically, but most gambling stories I hear, I have a tendency of just dividing anywhere from two to five and figuring the result is something close to the truth.