Tried and true may be best for you

Does the idea of skipping the traditional blood and urine test to buy life insurance appeal to you? Some life insurers are using “big data” tools to size you up and price your policy instead of tried and true underwriting based on medical tests. The downside of going this route may be higher premiums over the life of the policy.

How about the idea of expediting your hail damage claim settlement by allowing the insurer to inspect your roof via a drone instead of a human roofer/contractor? We’re not sold. If your property is damaged in a hailstorm, we recommend having an expert physically inspect your roof and siding…drone or no drone.

UP is by no means “anti-technology.” We encourage people to embrace technology by using the UP Home Inventory app, and storing important documents in the cloud. And we are definitely for technological advances that improve the quality and delivery of insurance protection. But not fancy algorithms that boost insurer profits but disadvantage policyholders.

The information presented in this publication is for general informational purposes and is not a substitute for legal advice. If you have a specific legal issue or problem, United Policyholders recommends that you consult with an attorney. Guidance on hiring professional help can be found in the “Find Help” section of www.uphelp.org. United Policyholders does not sell insurance or certify, endorse or warrant any of the insurance products, vendors, or professionals identified on our website.

Source: https://uphelp.org/tried-and-true-may-be-best-for-you/
Date: May 5, 2024