What is one major benefit of sending a 'Trailing Notice'?

A trailing notice serves as a vital communication tool for insurers to keep policyholders informed about significant updates regarding their insurance coverage. By updating policyholders on coverage changes, insurers ensure that their clients are aware of any alterations in policy terms, conditions, or benefits that may affect their coverage. This proactive communication helps maintain transparency and fosters trust between the insurer and the policyholder, allowing the latter to make informed decisions regarding their insurance needs.

While the other options touch on different aspects of insurance communication, they do not capture the primary essence of a trailing notice. The mention of premium increases, inspections, or soliciting feedback are important but do not primarily align with the purpose of a trailing notice, which focuses specifically on keeping policyholders informed about changes to their existing coverage. This highlights the importance of effective communication in the insurance industry, ensuring that clients have a clear understanding of their policies.