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Should an insurance company be able to tell Madonna she can't ride horses?
Madonna fell off a horse and injured herself in April, and now her insurance company won't allow her to ride horses? What's next, if you get injured in a car, you can no longer ride in cars? Does this make any sense to you?
http://www.examiner.com/x-17191-Equestrian-Examiner~y2009m10d17-Pops-Madonna-barred-from-horseback-riding-while-touring
http://farm3.static.flickr.com/2634/3877255002_12d4e1b085.jpg
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http://www.examiner.com/x-17191-Equestrian-Examiner~y2009m10d17-Pops-Madonna-barred-from-horseback-riding-while-touring
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October 18, 2009 03:23 AM
http://www.newspostonline.com/entertainment/madonna-madonnas-insurance-poli...
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I think this is pretty reasonable. Madonna is taking out a very special policy--the type only mega pop stars can hold to insure every last bone in their bodies, lest they're not able to perform in concert anymore. (Oh, to be so rich and important!)
Let's face it, Lady Madonna is just too valuable to ride horses. There are too many people counting on the income she generates, and the insurance company cannot risk their own financial stability insuring her when she takes unnecessary chances during performance season. This was a rider added to her insurance after her recent accident in which she fractured her lower tail bones.
If Madonna had any major issues with the rider she could've shopped her policy around, but obviously the terms were reasonable to her.
Not to mention that she's publicly noted that she has little interest in riding any time soon ever since that scare that put her in the hospital.
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Let's face it, Lady Madonna is just too valuable to ride horses. There are too many people counting on the income she generates, and the insurance company cannot risk their own financial stability insuring her when she takes unnecessary chances during performance season. This was a rider added to her insurance after her recent accident in which she fractured her lower tail bones.
If Madonna had any major issues with the rider she could've shopped her policy around, but obviously the terms were reasonable to her.
Not to mention that she's publicly noted that she has little interest in riding any time soon ever since that scare that put her in the hospital.
http://www.newspostonline.com/entertainment/madonna-madonnas-insurance-poli...
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October 17, 2009 09:36 PM
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Well seeing as Madonna falling off a horse would involve the insuarance company facing a huge additional liability (cancelled concerts, recording sessions, reduced ability to dance etc) I think that they are well within their rights to say that they are not prepared to take on that risk. Or ask for a massively (and probably unaffordable) premium.
In the same way, whilst the Mona Lisa is probably insured, I'm sure the insurance company would probably have something to say if it was damaged by a 2 year old, in a childs party whilst throwing custard pies at a flame juggling clown. Clearly thats a level of risk thats not reasonable.
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In the same way, whilst the Mona Lisa is probably insured, I'm sure the insurance company would probably have something to say if it was damaged by a 2 year old, in a childs party whilst throwing custard pies at a flame juggling clown. Clearly thats a level of risk thats not reasonable.
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October 17, 2009 09:47 PM
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Okay, reading both the article you linked to and another one about this issue, it seems this isn't the normal insurance that you and I get for health insurance. This is a special type of insurance she gets on herself for when she's touring. The insurance isn't forbidding her from riding, but is simply stating they won't cover anything that happens while she's riding on tour.
I think it's fair in this instance, since it appears to be special insurance.
For example, my company has a general liability insurance policy to cover any accidents or problems that happen by me or my employees when they are in the line of duty. The insurance company can say what we can and cannot do in order to be covered. They can't say we can't do something, but they can refuse to cover it if we do. It's called insurance exclusions, and it's quite common in liability insurance.
If this were her normal health insurance coverage, I'd be totally, adamantly and vocally against it, but this appears to be more a liability insurance to cover her while she's touring (in the line of duty/work) and they do have the right to include those exclusions.
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I think it's fair in this instance, since it appears to be special insurance.
For example, my company has a general liability insurance policy to cover any accidents or problems that happen by me or my employees when they are in the line of duty. The insurance company can say what we can and cannot do in order to be covered. They can't say we can't do something, but they can refuse to cover it if we do. It's called insurance exclusions, and it's quite common in liability insurance.
If this were her normal health insurance coverage, I'd be totally, adamantly and vocally against it, but this appears to be more a liability insurance to cover her while she's touring (in the line of duty/work) and they do have the right to include those exclusions.
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October 18, 2009 09:21 PM
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Hmm... well... what she's got there is custom insurance... the kind you go to Loyd's of London to get, so yeah, in a case like that, the actuaries are perfectly justified in adjusting the premium or making it a condition that she does not ride again.
The problem is if it's only happen once, in which case there's not enough data to make any valid statistical prediction that it will or will not happen again, which means they don't have anything to go on to determine a premium adjustment, which I'm sure she could well afford.
That leaves forbidding of any more horseback riding as their only option if she still wants to be insured.
What would have worked for her better would be if she were to have fallen off a horse at least twice before getting the insurance. In that case, they could factor in the odds of it happening again, and from that, determine the premium without any need to forbid her from riding.
I know about this because I had to deal with a similar situation myself. In order to maintain a certain type of director's insurance for a company I was involved in, I was forbidden from sky-diving...
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The problem is if it's only happen once, in which case there's not enough data to make any valid statistical prediction that it will or will not happen again, which means they don't have anything to go on to determine a premium adjustment, which I'm sure she could well afford.
That leaves forbidding of any more horseback riding as their only option if she still wants to be insured.
What would have worked for her better would be if she were to have fallen off a horse at least twice before getting the insurance. In that case, they could factor in the odds of it happening again, and from that, determine the premium without any need to forbid her from riding.
I know about this because I had to deal with a similar situation myself. In order to maintain a certain type of director's insurance for a company I was involved in, I was forbidden from sky-diving...
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