I would not dive anywhere without dive insurance. I would expect any other insurance to try to not pay for dive injuries.
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Yes, I know someone, and they are thankful that they had DAN's highest level ... $100's of thousands dollars worth of thankfulI know there is a Dive Assure forum, but since the topic of this thread is insurance, I figured I'd ask. Does anyone personally know of someone that used either Dive Assure or DAN insurance, aka got DCS and went to the chamber at the insurance company's expense? I like the work DAN does, so I understand being a member. It seems like Dive Assure offers higher levels of coverage for about the same premium. Any insurance company can look good on paper. When it is time to file a claim is when the true colors of the company show through. That's why I'd love to hear from a few people that have used either or both. Thanks.
As a former actuary, I'd say that it would be easier to make a persuasive argument that the buyers of insurance are fools, rather than those who don't. Clearly, insurance companies calculate the expectancy of a particular claim and charge something more than that to make a profit. So mathematically, it's a bad bet for the insured. However, the miniscule risk that you may have a catastrophic expense should be considered--that is why people buy insurance. If you have the $50,000 to $100,000 that an evacuation and chamber ride might cost, and spending it wouldn't be a financial disaster, then save the $100 on DAN. If your medical insurance covers it (and I don't see why it wouldn't), save the $100.Anyone who dives at all, and doesn't get at least the minimal DAN coverage is a fool.
That's about as terse and succinct as I can be, while maintaining the level of acerbic necessary to make sure that my point is not mistaken for a lighthearted comment.