Commentary: Insurance coverage corporations will at all times have the benefit on us

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By Dr. James B. Ewers Jr.

When pure and sudden disasters come, we would like insurance coverage corporations to be seen, not invisible.

Such as you, I’ve insurance coverage. Actually, I’ve a number of sorts of insurance coverage. Every sort serves a unique goal, and the prices  are totally different. 

I’m what you’d name a legacy insurance coverage holder. My dad and mom had insurance coverage and I discovered the significance of getting it from them. After I was a baby, each Saturday after I was watching cartoons, a person knocked on our door.

It was the insurance coverage man. My mother would give him a couple of {dollars} and this routine was normal fare for properties within the East Winston part of Winston-Salem.

As I grew older and wiser, I discovered extra in regards to the insurance coverage enterprise. I needed to know phrases like entire life and beneficiary to make good selections. Being educated about insurance coverage is vital. If you’re not, you can be uninformed about what to get and the way a lot to get.

A few years in the past, I bought renter’s insurance coverage after I lived in Washington, D.C. Luckily, I by no means had to make use of it. I bought it for peace of thoughts. That is without doubt one of the causes we purchase insurance coverage. You imagine once you pay the premium on time that you’re going to get the service once you want it on time.

Therein lies the problem. There are too many cases the place the idea and the sensible utility don’t line up.

One of many phrases we all know fairly properly is deductible. That is the quantity you pay earlier than your coverage comes into play.

So plainly said, if in case you have a $2,000 deductible, you pay $2,000 up entrance earlier than any insurance coverage cash comes. You’re virtually assured to have a better premium as soon as you employ it.

If you happen to reside in states the place there are fixed pure disasters, then coping with insurance coverage corporations will at all times be part of your life. That’s simply the way in which it’s. For instance, reviews say that 85% of house owners have insurance coverage. The typical price is $1,445 per yr.

Just lately, Hurricane Ida did main injury within the state of Louisiana. Properties had been destroyed and private property was misplaced. Everybody remembers Hurricane Katrina, but Hurricane Ida shall be remembered, too. The bodily and emotional toll that it took on us was unimaginable. We want prayers for our restoration in order that we are able to get again on observe.

That is the place insurance coverage corporations play a significant position.

It’s my opinion that insurance coverage corporations may help or damage. It’s that straightforward.

When a household has misplaced every little thing –  that means no home, no garments and no meals – insurance coverage corporations should step up and do their jobs. That’s the reason we pay our premiums. We wish service and never stalling. We wish you on the scene and never behind a desk. Reply your cellphone and don’t put us on maintain.

There are good insurance coverage corporations and marginal insurance coverage corporations. The latter do exactly sufficient to remain inside skilled and authorized tips.

I imagine we should put extra stress on the business to do what we pay them to do. Till we do, they may drag their toes and proceed to extend our prices. In response to S&P World Market Intelligence, the U.S. insurance coverage business internet premiums written totaled $1.28 trillion final yr. My pals, we’re part of that quantity! Allow us to sound the alarm that after we file a declare, we would like outcomes. We don’t want avoidance and delays.

Insurance coverage corporations should serve the individuals, not themselves.

James B. Ewers Jr., Ed.D., is a former tennis champion at Atkins Excessive Faculty in Winston-Salem and performed faculty tennis at Johnson C. Smith College, the place he was all-conference for 4 years. He’s a retired faculty administrator. He might be reached at

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