Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Many people love a good sale, as is evidenced by the popularity of Black Friday, Prime Day, and other big sales retail stores hold throughout the year. White sales, Fourth of July sales, Labor day and Memorial Day sales are just some of the routine sales one can expect to find throughout the year. People like to believe they are getting a deal, and getting something of value for a lesser cost than what it is worth.

Insurance is not that type of product, and that is where a lot of insureds run into trouble. Many perceive that insurance companies are full of money. Part of this perception is due to large jury verdicts where a carrier will be told to pay millions of dollars for a loss, or attorney ads promising large payouts for auto accidents. Insureds look at this and think carriers are loaded with money and that their premiums should be less expensive; carriers have all this money after all, they don’t need to be charging what the public perceives as an exorbitant amount of money for coverage.

This premium content is locked for
FC&S Expert Coverage Interpretation subscribers.

Request a Free Trial today to enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Trusted, quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis

Already have an account?
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].

FC&S Editors


Get Answers Directly From the FC&S Experts

Submit your coverage interpretation question to the editors of FC&S for quick and reliable information.

Question of the Week

Insurance Q&A of the Week: When Limits are Exceeded ›

When the at-fault party's limits are exceeded and the injured party's carrier also pays out, how are the at-fault party's funds distributed?

Question of the Week Archive ›

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.