InsuranceAttained Age Compulsory auto insurance Floor-of-protection concept Voluntary coverage Lack of privity Large-loss principle
Internet insurer
An online-only insurer is a company that operates solely through the Internet, without the use of traditional brick-and-mortar stores or agents. This business model allows for lower overhead costs and usually results in more competitive prices for consumers. However, it also means that customers may have limited access to in-person assistance or personalized advice. Despite this potential drawback, online-only insurers have become increasingly popular in the digital age and offer a convenient option for those seeking insurance coverage.
Related terms
Understand the meaning and definition of Attained Age in the context of stock market, trading, and investments.
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