As incredible as it may sound, hammer insurance, is actually a means adopted by the insurer to blackmail the insured into settling claims. The name itself is an allegory, a metaphor used to describe the effectiveness of the insurance policy. Symbolically as a hammer forces a nail to penetrate wood, wall etc., this insurance is used by the insurer.
Need for hammer insurance
While at a glance this insurance appears to be a risky proposition for the insured. But a closer look at the reasons behi...