Insurance companies are in the business to make a profit.
You maximize your profits when you minimize your expenses. You minimize your expenses when you pay out less on claims. Seems pretty straight forward.
And it's all really just legally legitimized gambling. If you stay healthy/don't die/stay out of car accidents/don't burn your home down, the insurance company makes more money and your premiums seem like wasted money. If you don't [insert risk], the insurance company makes less money and you get coverage that sometimes/often doesn't equal the damage you took.
So why are we surprised when insurance companies try to fight against paying claims? It's the system we live in.
|
(
In response to this post by vt_mughal)
Posted: 11/22/2017 at 10:45AM