Tweet
Adrian
You say "I want insurance salesmen to take personal responsibility if the insurance company fails to pay. What should happen is that if a claim is repudiated then the insurance salesman should return all his commission to the client. You should be able to put your money where your mouth is. "
So, I ask you have you ever had your drivers licence endorsed. You answer "no", but it was endorsed for drunken driving six months ago. Now you have a claim, and the claim is declined because of your mis-statement.why must I return my commission to you because you have lied and tried to cheat an insurance company?
Likewise,The policy states that you must set your burglar alarm and have armed response in your house. you tell them you comply. You then go away for a day, leaving your house unlocked, and without the alarm set. You have not carried out your terms of the policy, of which I as a broker have advised you, because you are bluntly too lazy or careless. The insurers justifiably decline your claim. Why must I suffer because of your negligence or failure to comply with policy conditions or terms?
There are times where insurers can justifiably repudiate claims. I am saying that a reputable insurer will go out of their way to pay a legitimate claim to the maximum benefit possible.
You say "I want insurance salesmen to take personal responsibility if the insurance company fails to pay. What should happen is that if a claim is repudiated then the insurance salesman should return all his commission to the client. You should be able to put your money where your mouth is. "
So, I ask you have you ever had your drivers licence endorsed. You answer "no", but it was endorsed for drunken driving six months ago. Now you have a claim, and the claim is declined because of your mis-statement.why must I return my commission to you because you have lied and tried to cheat an insurance company?
Likewise,The policy states that you must set your burglar alarm and have armed response in your house. you tell them you comply. You then go away for a day, leaving your house unlocked, and without the alarm set. You have not carried out your terms of the policy, of which I as a broker have advised you, because you are bluntly too lazy or careless. The insurers justifiably decline your claim. Why must I suffer because of your negligence or failure to comply with policy conditions or terms?
There are times where insurers can justifiably repudiate claims. I am saying that a reputable insurer will go out of their way to pay a legitimate claim to the maximum benefit possible.
Comment