Results 1 to 4 of 4
  1. dodonaomik's Avatar
    • Member Info
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Jun 2008
    • Posts: 337
    #1

    decline? incline?

    Unlike the premiums for auto insurance, the premiums for personal property coverage are not affected by the frequency of claims,
    but if the insurance company is able to prove excessive loss due to owner negligence,
    it may decline to renew the policy.



    I feel very strange that decline is used here, so it is a puzzle to me.
    I feel decline here means "SAY NO", so I feel the word is not apposite to be used her.
    Finally I want to use incline to substitute decline. Is my opinion right?



    Sincere thanks!

    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Apr 2009
    • Posts: 12,307
    #2

    Re: decline? incline?

    http://dictionary.reference.com/browse/decline?s=t

    "Decline" means to refuse.

    You seem to understand that it means to "say no."

    Why do you think "incline" is the correct word? What do you think insurance companies do with customers who cost it a lot of money in claims through the customer's negligence? Doesn't it make sense that the insurance company would refuse to continue to insure that customer?

  2. dodonaomik's Avatar
    • Member Info
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Jun 2008
    • Posts: 337
    #3

    Re: decline? incline?

    At first I must admit that I am almost an idiot in economy or finance.

    Now I maybe have understood the original sentence. Originally I thought that policy was formulated by the government to guarantee the benifits of customers. Now I guess that the policy is formulated by insurance companies to protect
    their own interests. If so, I can understand the original sentence.

    • Member Info
      • Native Language:
      • American English
      • Home Country:
      • United States
      • Current Location:
      • United States

    • Join Date: Apr 2009
    • Posts: 12,307
    #4

    Re: decline? incline?

    Yes, insurance companies are private interests. They have owners/investors/shareholders. They operate to make a profit. They can't do this if they insure bad risks.

    This benefits the owners of the companies, but it also benefits the policyholders.

    It is hard to receive a claim from your insurance company if they have gone bankrupt due to poor business practices.

Similar Threads

  1. any sudden decline
    By keannu in forum Ask a Teacher
    Replies: 1
    Last Post: 07-Feb-2013, 05:22
  2. decline/fall
    By vkhu in forum Ask a Teacher
    Replies: 1
    Last Post: 24-Jun-2012, 15:22
  3. e-mail to decline an offer
    By sophie_ in forum Editing & Writing Topics
    Replies: 2
    Last Post: 05-Jul-2010, 15:41
  4. decrease, reduce and decline
    By sjc55 in forum Ask a Teacher
    Replies: 1
    Last Post: 26-Dec-2009, 03:47
  5. tilt, lean, incline?
    By jctgf in forum Ask a Teacher
    Replies: 4
    Last Post: 25-Oct-2008, 23:09

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •