What insurers do to avoid paying compensation

 445 total views

Insurance firms portray themselves as being concerned about the welfare of their clients. After all, we seek assistance from our insurance companies to pay for medical expenses, auto accidents, and even the care of our pets. Insurance providers want you to know that insurance can save your life.

The insurance company you deal with may be less than willing to provide compensation when the time comes to submit a claim and may use every devious tactic in the book to discourage you from pursuing compensation.

How can you force insurance companies to compensate you fairly and stop them in their tracks? Hire a qualified attorney and get legal advice. Insurance firms are aware that the average person lacks the expertise or knowledge of the industry required to counter their tactics.

Recorded Declarations

You will probably contact the at-fault party’s insurance provider after a serious vehicle accident or a slip-and-fall to request the compensation you are owed. The insurance adjuster can ask for a recorded statement during this first phone conversation.

These are optional remarks that will almost always be used against you. The insurance adjuster and the firm will twist your comments against you, even if you don’t think anything you say is incriminating. A recorded statement can end up being the only proof they require to reject your claim.

Fraudulent Confessions

The most frequent combination is a recorded statement and a false confession. Although you are undoubtedly intelligent enough to refrain from saying, “The accident was my fault,” insurance adjusters are taught to persuade people to accept some degree of guilt. This can involve anything from acknowledging you glanced aside from the road briefly before the crash to simply expressing regret for the harm done.

There are Delays Everywhere

After you submit your claim, the insurance provider is obligated to react and acknowledge it within a predetermined window of time, typically a few weeks. In fact, time constraints must be followed at every stage of the procedure by insurance companies. That makes it possible to prevent having to wait too long for reimbursement. However, many insurance providers will purposely hold off responding to you until one or two days before their limits expire.

The ongoing delays are done on purpose to make you need cash. Your expenses will mount as you wait, and if you don’t get paid immediately, you might not have the money to cover them. 

Related posts

Leave a Comment