These 5 Insurance Company Strategies Can Lower Your Chances of Winning a Claim
- January 11, 2023
It’s no secret that insurance companies can be difficult to work with when it comes to filing a claim. They have countless strategies in place to limit the amount they have to pay out, and that often means compensating you less than you deserve.
Whenever this happens, you have to make sure to contact an experienced attorney who can help you win the case. Visit www.attorneyguss.com to learn about how a lawyer can protect you from insurance companies.
In this blog post, we will discuss five of the most common strategies used by insurance companies to lower your chances of winning a claim.
Insurance companies may offer you an initial settlement that is considerably lower than what you are entitled to receive. This is done to get you to accept their offer without researching the full scope of damages or consulting an attorney who can help ensure that you get what you deserve.
Never accept a lowball offer without doing due diligence first; if they don’t give you what you deserve, consider seeking legal advice from qualified professionals who can fight for your right compensation amount.
One of the most common strategies employed by insurance companies is to delay processing your claim as much as possible. The longer it takes them, the less likely you are to pursue it or follow up on it.
If you feel like your insurer is dragging its feet, don’t hesitate to contact them directly and ask for an update on the status of your claim.
Another way insurer tries to save money is by simply denying claims outright, even if there is substantial evidence supporting them. This can happen for any number of reasons—they may question the legitimacy of your injury or illness, or they may think that your policy doesn’t cover certain types of damages or losses.
If this happens, don’t take no for an answer; explore all available options, including legal action if necessary, to receive fair financial compensation for your losses and injuries.
Insurance companies will often downplay any evidence provided by claimants to reduce their liability and associated costs as much as possible. This includes medical records, photographs, and expert testimony that could prove that a claimant is entitled to compensation under their policy terms and conditions—all to minimize their losses while maximizing yours.
Again, seek legal counsel if necessary, so that all evidence provided in your case can be properly represented before an insurer makes their decision on how much they owe you for damages or losses incurred as a result of an incident covered under your policy terms and conditions.
Finally, some insurers may provide misleading information about their policies, coverage, or other matters related to filing claims to confuse claimants into accepting offers far below what they deserve.
Don’t let an insurance company take advantage—do research ahead of time so that when it comes time to file a claim, you know exactly what type of coverage and benefits are available through your policy.
When dealing with insurance companies regarding filing a claim, always remember these five strategies they use against claimants: delay tactics, lowball offers, denying claims outright, downplaying evidence, and providing misleading information about policies and coverage options available through the insurance plan. Knowing these tactics upfront can help protect yourself against potentially unfair decisions made by insurers.