That has some impact, sure, but insurance agencies generally profit by the assumption that not everybody will make a claim. Those that don’t make a claim pay for those that do and they pocket the leftovers
That’s pay in vs risk. Insurance companies for electronics would have long gone out of business without additional efficiencies over pay in vs risk. I worked for a national insurer for a while and electronic claims were several factors higher than health, life, or home.
That has some impact, sure, but insurance agencies generally profit by the assumption that not everybody will make a claim. Those that don’t make a claim pay for those that do and they pocket the leftovers
That’s pay in vs risk. Insurance companies for electronics would have long gone out of business without additional efficiencies over pay in vs risk. I worked for a national insurer for a while and electronic claims were several factors higher than health, life, or home.