@Kendodd
I often think, people advocating an insurance type system must have never had the joy of trying to make in insurance claim. Try to make a claim and the very first thing the insurance company do is look for any possible way they can get out of paying it.
Not my experience at all. I've made several insurance claims and never had a problem. Biggest claim was holiday insurance when we had to cancel two expensive holidays due to OH being diagnosed with cancer, we expected an argument (as it was possible he'd be recovered and fit enough to fly after chemotherapy as the holidays were months away), but in both cases, the different insurance companies paid out without a whimper simply based on a letter from the GP confirming the cancer diagnosis. Same when a moronic neighbour wrote off our car, again, no arguments at all - their insurance provided a hire car and paid out the value of the car (well actually higher than it's worth) within 5 days of us agreeing a figure - it was a write off! Also, my office was burgled, and I got a decent settlement figure for more than I needed to replace the equipment I needed (they paid out for several old PCs, printers, scanners etc that I no longer needed!). The most recent was for some private hearing aids which cost £3k - the audiologist suggested I put them on my household insurance as "named" items, which I did - sod's law was that they fell out as I was removing a mask (during covid) with one hand as my other hand was holding shopping bags and they both fell in a puddle - I doubted whether the insurance would pay, but I put in a claim anyway, and, yes, they paid for replacements without a quibble!
I have no doubt that some insurance firms play silly beggars, but from what friends and clients have told me, it does sound like a lot of the time, people are under-insured or havn't read the small print or try to pad out claims with white lies, etc. I've always been paranoid about reading the small print, understanding exactly what is covered, the exceptions, etc., and never been refused a payout.
Same during covid. Several clients got huge insurance payouts (tens of thousands) when they were forced to close during lockdown. They were the ones who'd used independent insurance brokers! None of my clients who'd used the cheap online insurance brokers (Hiscox etc) got payouts due to policy wording and exceptions!