Insurers toast new discount rate plans
- Category: Personal Injury
- Date: 05-09-2017
INSURERS TOAST NEW DISCOUNT RATE PLANS
Legal professionals have welcomed with open arms the news that insurers are offering new discount rate plans. The plans are being introduced as part of a wider effort to make insurance more affordable and to help households and businesses keep their cover up-to-date.
The news was announced at the inaugural Insurance Discount Rate Summit, which took place in London last month. The event brought together experts from the insurance and legal sectors to discuss the best ways to reduce insurance premiums for households and businesses.
Under the new plans, insurers will offer discounts on premiums for customers who agree to pay lower deductibles. This means customers can reduce their risk by paying a lower amount out of pocket in the event of a claim.
The plans are also designed to encourage customers to switch to more competitive policies, which can lead to even lower premiums. Customers can also opt-in to receive discounts when they purchase additional coverage.
The new plans are seen as a win-win for both customers and insurers. For customers, they offer a chance to save money on their premiums, while insurers benefit from a larger customer base.
The plans are also seen as a sign of the insurance industry’s growing willingness to be more transparent and open about their pricing policies. This is a welcome development for legal professionals, who can now help their clients make more informed decisions when it comes to their insurance.