LiftGuy;c-47803 wroteConrad- Can you give me the name of your insurance company? Mine doesn't give me an 80% refund if I have no claims for a year.
I should have explained it better, but I was thinking along the lines of Warren Buffet's GEICO. They give you a discount if you pay for six months in advance and if you cancel early they prorate it down to the day (the analogy being that a ski area should be grateful if people want to park their money with them regardless of whether they use the pass). And of course Berkshire Hathaway and Warren Buffet own the company, so it's all set up so they can invest those premiums between the time you pay until you get in an accident and make a claim.
So basically these insurance companies reward people who pay early in advance while this is not the case for Vail unless you are 100% certain you will be skiing at Vail ski areas the following season.
I think many insurance companies follow this business model, I'm just using GEICO as an example I know.
