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re: Does insurance violate the basic laws of economics?

Posted on 3/1/24 at 1:17 pm to
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8802 posts
Posted on 3/1/24 at 1:17 pm to
How many customers don’t care what they are purchasing and don’t want to be educated, they just want the cheapest policy because it’s all the same in their mind?
Posted by gdzgft28
Member since Nov 2015
26 posts
Posted on 3/1/24 at 9:34 pm to
quote:

How many customers don’t care what they are purchasing and don’t want to be educated, they just want the cheapest policy because it’s all the same in their mind?


Never had a client complain of having too much coverage or low deductibles when a claim occurred. But they always swore they purchased “full coverage” when they were hit by an uninsured driver.
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