The reference to the insurance company here is quite broad, could even be generalized. But in the context of this commercial letter, it is the principle that is going to be accounted for. And that principle to which any insurance company meridian id located needs to apply itself to is the customer centric focus. Insurance matters but it is complex in the way it differs from all other profit-taking initiatives. The insurance company in question still needs to create a substantial reserve from which it can pay out its insureds for losses and damages incurred once the claims submission processes have been authenticated and even vindicated.
And the standard manner in which they are able to provide themselves with a substantial pool of reserves is to charge the client premiums, usually in the form of monthly instalments. Curious and justifiably suspicious clients may have questioned their insurer’s ability to raise a profit if they have not been able to or prepared to pay out in full for losses or damages incurred and as claimed for. But to be fair to the insurer, it has already imposed upon the client strict underwriting criteria.
Again, fair enough, clients are not always able to read into the often archaic fine print laid down by the insurance company. It does, however, seem a little unfair to the client that the insurance company’s underwriters are not always prepared (or do they even have the capacity to do so?) to explain how the often strenuously long policy clauses operate. But again, to be fair to the insurance company, they do, at times, advise clients to seek counsel from third parties otherwise known as insurance brokers or agents who should by rights be qualified enough to act fairly, ethically and knowledgeably enough on behalf of both client and insurance company.