Many here in South Carolina feel that insurance coverage is more or less legalized extortion. Usually, this thought arises after they're disillusioned by what they've been paid for a claim or when they get a bill at policy renewal time. Also, many negative feelings are created by callous handling of claims or a lack of clear explanation of the policy's actual benefits.
Disappointment is always a bitter pill - and it feeds negative stereotypes of insurance carriers and agents. We often say, "No one wants insurance - until they need it." Insurance is designed to kick in after a catastrophic event. It's a way to secure a promise of some help in what might otherwise be a financially devastating situation. Insurance is really just a contract obligating the insurance carrier to provide money and services to aid you when specific things go wrong.
Buying a promise is very different than buying a car since you can't see it or feel it or touch it. But when something truly bad happens it can come to the rescue and provide some help.
Disappointment is always a bitter pill - and it feeds negative stereotypes of insurance carriers and agents. We often say, "No one wants insurance - until they need it." Insurance is designed to kick in after a catastrophic event. It's a way to secure a promise of some help in what might otherwise be a financially devastating situation. Insurance is really just a contract obligating the insurance carrier to provide money and services to aid you when specific things go wrong.
Buying a promise is very different than buying a car since you can't see it or feel it or touch it. But when something truly bad happens it can come to the rescue and provide some help.
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