Insurance companies are not on your side. Even if you are working on a claim with your own policy, you cannot assume that the insurance company will do the right thing. The fact of the matter is that insurance companies are in the business of making money, not paying claims.
The claims that insurance companies actually pay out are a fraction of the revenue that they bring in. Even if they paid every claim to the fullest extent, which they don’t, it would be a drop in the bucket compared to the premiums that they collect. But insurance companies are among the greediest in our society, and they want to keep as much of their profits as possible.
That means that insurance adjusters have often been trained to find every possible loophole to pay out as little as possible, if anything at all. They will resort to extreme measures to get out of paying you what you deserve.
A few of these tricks are:
- Drawing out the process so much that you give up and take a low settlement.
- Complicating the process hoping that you’ll miss a filing deadline that dismisses your claim.
- Recording conversations and using your words out of context against you.
- Spying on you through private investigation or social media for anything they can use to claim you are not injured.
The tricks that insurance companies play to get out of paying you are not just unethical, they are immoral. Yet there is very little oversight, and most people do not take their complaints to the proper authorities.
If you have been in any type of accident, it is vital that you hire an attorney to represent you. An experienced lawyer will be able to help you negotiate with the insurance companies to get the best possible outcome and take your case to trial if necessary. If you are being given the run around by an insurance company, contact us today for a free consultation.