Peter wrote:

> But for most insurance policies there is a buffer time during which you
> pay and get nothing until the paid sum reaches a certain significant
> limit. So what's the difference ?

There are policies with start-up periods, like for health insurance. But I
don't think you'll find that the accumulated premiums for that time add up
to a substantial percentage of the policy risk amount. They are usually
there for other reasons.

Gerhard
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