In a recent article, Car “Health” Insurance: Why It Doesn’t Exist, published September 20 by World Today News, Dr. David Marlett explains why the concept of covering routine maintenance alongside repairs hasn’t become a common practice in the insurance industry.
Insurance companies are hesitant to cover smaller losses, according to Marlett. “They have to pay expenses like labor and documentation, which end up exceeding the cost of claims that are in the low hundreds,” he said.
Marlett holds the Independent Insurance Agents of NC Insurance Professorship and is managing director of the Brantley Risk & Insurance Center. Learn more about David Marlett.
About the Brantley Risk and Insurance Center
The Brantley Risk and Insurance Center at Appalachian State University's Walker College of Business enhances the academic experience by providing space and staff to assist risk management and insurance majors with networking, job placement preparation, and contact with faculty members outside the classroom. It provides students opportunities to participate in professional designation and licensing programs, and invites industry leaders to participate in classes and speak to student organizations. It also fosters research and faculty development, assists the insurance industry in designing and delivering continuing education programs, and helps educate the public about the insurance industry. Appalachian is designated a Global Center of Insurance Excellence by the International Insurance Society. Learn more at https://insurance.appstate.edu.
David Marlett
David Marlett