Why do you suppose this is an insurance policy and not a cash guarantee? They never use the word. It's a flat $50,000 everywhere, with terms and conditions to vary by area, and to apply retroactively— does that really sound like insurance?
I know you're gonna say fraud, but why do you think they've doubled the size of their customer support team in the last month? These guys aren't dumb, they knew this was coming. This is the thing they can do with all of their money that will keep them on top.
In fact... my money says the real reason for trying to get EJ to amend the original blog post was they were hoping to keep the story from breaking in mainstream press before they got this system launched.
Agreed. I don't see what the benefit of insurance would be. Insurance only makes sense in one case: when "the big one" will send you under water.
In this case, they're liable to get a few claims per year (or month, or whatever). If they wanted insurance, they'd have to pay all of that PLUS some, spread out into a monthly payment. Doesn't make any sense.
If they had an open-ended policy that covered emotional damages or somesuch, maybe they would need insurance.
I know you're gonna say fraud, but why do you think they've doubled the size of their customer support team in the last month? These guys aren't dumb, they knew this was coming. This is the thing they can do with all of their money that will keep them on top.
In fact... my money says the real reason for trying to get EJ to amend the original blog post was they were hoping to keep the story from breaking in mainstream press before they got this system launched.