INSURANCE

You might need to increase your protection

Meme created by author

INSURANCE

definition: Insurance is a contract between an individual or business and an insurance company that provides financial protection in the event of an unexpected loss or damage.

Contract. Protection. Loss or Damage.

So why are so many people angry with insurance companies? Why are many Americans celebrating the murder — in cold blood — of an insurance executive?

No one likes being taken advantage of: no one likes paying for something and then not getting that something.

When you give the cashier at McDonald’s your money, you expect your Big Mac. When you rent a house to someone, you expect to be paid. Whether you are buying or selling a product or service, there is an exchange value expected on both sides.

Insurance does not do that: American insurance companies actually work to deny fulfilling the contract people have bought. The insurance company executive actually is hired and paid to create ways to deny the customer the protection they paid for: the company works to avoid paying the customer’s claim for their loss or damage.

Something is wrong with this way of doing business: when you take money from people, you need to provide the service or product when called on to deliver.

Not doing so may result in a casualty.

© Timothy J. Sabo 2024. All Rights Reserved.