The main point is that all insurers really care about is their bottom line. Nowhere else is that more evident than when a client attempts to make a valid claim, but is turned off and denied the policy they not only need, but are eligible for.
By way of instance, take the case of Molly Jefferson. Molly, at age 24, was severely hurt in a car crash. Originally, her insurance company refused to pay more than $100,000 in damages, falsely saying that the coverage limits extended no farther. The company, realizing they were in the wrong, settled for $2 million from court-enough to pay Molly’s medical expenses and lost time at work.
Insurance companies have all sorts of tactics to avoid paying for the occupation they’re obligated to do.
Tactic #1: Standard claim refusal
For many insurance companies, it’s normal procedure to deny claims that the first time around. The main reason is that most claimants won’t try to fight the decision, and the business is going to get from having to cover coverage. But if the claimant does really pursue policy further after the first refusal, the company will then cover.
Tactic #2: Lowball settlement provides
In most personal injury cases, such as auto accidents, the sufferer is scrambling to pay expensive medical bills and recover from lost time at work then you need an aggressive Accident attorney Lubbock. Insurance companies use this fiscal stress to their benefit by persuading claimants to settle too fast for insufficient offerings and sign a form that releases the business from future claims. Many people underestimate the time and cost of fully recovering from their injuries, and insurance businesses count on this to get out of providing your complete coverage.
The job of insurance adjustors is to record your announcement in the hopes that you will say something which the insurance carrier may use against you to deny or reduce coverage. Adjustors possess an extensive knowledge of the legal system, which they use to attempt to twist your words around in their favor.
Insurance businesses request claimant’s medical records so as to find information suggesting that the harm wasn’t caused by the crash, but instead a preexisting condition. They will also try using the medical records to assert that your injury isn’t as severe as promised.
For claims that the insurance provider finds highly disputable, they may send a private investigator to video record a lien participating in actions, recreation, or other actions. The intention of video surveillance is to prove that the claimant’s injuries aren’t that severe, because they have the ability to mow the lawn, lift objects, play sports, etc..
Insurance companies have loads of tactics to get out of paying for injuries and damages, in addition to a knowledgeable legal team to fight on their behalf. Undeniably, so should you.