Insurance feels like a scam. When you ask them to fulfill their responsibilities, they often raise your rates. This is mandated by law, yet many of these companies are not only part of the S&P 500, but also among the top earners. It’s time for this practice to end.
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It’s understandable to feel frustrated with insurance companies, especially when it seems like they raise rates after you file a claim or make a request. It can often feel unfair, and many people share similar sentiments. However, it’s also important to recognize that insurance works by pooling risk. When claims are made, it can impact the overall cost for everyone in that pool.
That said, it’s essential for consumers to hold insurance companies accountable for their practices. Exploring different providers, understanding your policy details, and advocating for more transparent pricing can help. We need more discussions around insurance reform to ensure that consumers are treated fairly and that these companies remain accountable. Your concerns are valid, and they highlight the need for more consumer protection in the insurance industry.