Insurance companies are notorious for denying claims. Their aim is to not pay you if they can get away with it. Many people wonder if paying for insurance is even worth it.
It is imperative to learn the tricks insurance companies use to deny insurance claims. You pay hard-earned money and deserve the proper coverage and payout in the event of an accident.
Here are the main tricks insurance companies use to not pay up:
Credit Score
Insurance companies use your credit score to determine eligibility of coverage and your premium. If you have a poor credit score, you may not be eligible for coverage. Insurance companies view you as “high liability”.
The bad news is many seniors and lower class citizens in Arizona are denied a policy based on poor credit scores. Insurance companies also increase premiums although you may have a perfect driving record.
Confusing Language
Another trick insurance companies use is utilizing confusing language. Contracts can be quite complex. The Terms and Conditions section uses technical terms and are difficult to understand.
They include difficult language to make it impossible to know what your policy covers …and doesn’t cover. Some states have passed a “plain English” rule to put a stop to this.
Delaying Claims
It happens quite frequently that insurance companies purposely stall insurance claim processing. This is a tactic used to “wear out” the policyholder. If they can delay the insurance claim long enough, they figure you’ll give up.
They are famous for doing this to the elderly and sick policyholders, knowing they may not have to finalize the claim.
Fear
A vicious strategy enforced by insurance companies is fear. They push the agenda that if you call them, they will cancel your policy on the spot. Cancelling policies is a direct result due to policyholders calling in to discuss their terms or complain.
They can also decide to not renew your claim or increase the premium. These retaliation efforts inflict fear on policyholders, reiterating their hope of not receiving a call to begin with.
Quick Settlements
A famous strategy is attempting a quick settlement. It is not unheard of for a representative to arrive on your property to get your signature dismissing your right to sue. They want a quick settlement for the lowest payout.
BE WARNED: If you settle too early, you CANNOT open your claim at a later date for more money, even if the appraisal shows you are owed more. It will be too late.
What’s Next?
If you feel you have been tricked by your insurance company, call David Klink today. Mr. Klink is a Glendale personal injury attorney who has years of experience in this industry. He will gather the details of your case and build a claim.
You deserve the money you pay for your coverage. Mr. Klink has uses his legal skill sets to ensure you get the payout you deserve. Call him today or visit his website for more information!
