So if it is 174 mph insurance pays nothing? After a hurricane destroys a town.
It depends on the details of the product. In theory you could get a product that doesn't have a cliff and it will be priced accordingly.
These are basically equivalent to options in finance.
alt Hacker News
It depends on the details of the product. In theory you could get a product that doesn't have a cliff and it will be priced accordingly.
These are basically equivalent to options in finance.