Let'sgoflying!
Touchdown! Greaser!
I never really understood the insurance company shell game; that which we have all come to accept now as normal activity within the industry (and in fact if you even want to discuss it, some seem put out by your questions as if you are unfairly challenging this system or otherwise wrong to ask about it) however I received this info from my agency which is so confusing it makes the non-existent nerve endings in my cerebral cortex hurt ...well here is a direct quotation:
(I asked "who insures my airplane?" because of conflicting info I'd received.)
"Xxxx is the issuing company, entity which publishes the paper the insurance policy is written on. Yyyy is the Underwriting company providing the coverage.
Please let us know if you have any additional questions."
I want to say, 'hm, I was told an underwriter only assesses the risk and decides how big or small that is - are you saying they also insure me?'
And, wth is 'an entity which publishes paper the policy is written on' lol ???
Anyway, looking for non-judgmental non-partisan non-Covid-exposed person to explain this to me!
(I asked "who insures my airplane?" because of conflicting info I'd received.)
"Xxxx is the issuing company, entity which publishes the paper the insurance policy is written on. Yyyy is the Underwriting company providing the coverage.
Please let us know if you have any additional questions."
I want to say, 'hm, I was told an underwriter only assesses the risk and decides how big or small that is - are you saying they also insure me?'
And, wth is 'an entity which publishes paper the policy is written on' lol ???
Anyway, looking for non-judgmental non-partisan non-Covid-exposed person to explain this to me!